Basics of Insolvency and Bankruptcy Code, 2016
Q1. What is the difference between Insolvency and Bankruptcy? An entity (individual, or a company) becomes insolvent when they are unable to pay back their lenders on time. Simply, when the assets fall short to
Read More
New Section 10A of IBC inserted: No fresh insolvency for default during lockdown
The President of India through IBC Ordinance, 2020 on 5th June, 2020 announced some major relief for the corporate debtors as COVID 19 pandemic has impacted business, financial markets and economy in India and
Read More
Applicability and working of ALM in NBFC
[embeddoc url=”https://absm.in/wp-content/uploads/2020/05/PPT-ICAI.pdf” download=”all”]
Read More
All you need to know about COVID-19 Relief Measures announced by RBI
The Reserve Bank of India, on 27th March,2020 issued notification announcing various relief measures aiming to reduce the burden of borrowers who are facing difficulties in repaying their debts due to the impact of COVID-19.
Read More
FM Sitaraman Announces Package of 1.7Cr Lakh
The Finance minister Nirmala Sitharaman announced various measures to ease the burden of the poor who are hit hard by the lockdown due to coronavirus pandemic. Here are list of measures announced today: 1. *Pradhan
Read More
Finance Minister announces relief measures in view of COVID-19 outbreak
The Union finance minister, while addressing the press conference today, announced important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to
Read More
Due dates for filing of return in FORM GSTR-3B in a staggered manner
As per Notification No. 07/2020 – Central Tax dated 3rd February,2020, the due date for filing of FORM GSTR 3B has been revised for the month of January 2020- March,2020.
Read More
Budget 2020: New section 115BAC
The Finance Minister, in the budget presented today proposed a new personal tax regime for individual and HUF assessees by inserting section 115BAC in the Act. The section talks about the revision of the tax
Read More
Introduction to New GST Returns
The GST council, in its 31st meeting, in order to increase the transparency and accuracy of the return filing process has decided to implement ‘New GST Returns’. Currently, these returns will be applicable from April,2020.
Read More
Section 269SU
All you need to know about section 269SU What is the purpose of the section? In order to encourage digital economy and move to a less-cash economy, a new section has been
Read More
Recent Comments