BUSINESS

In view of the unprecedented humanitarian and economic crisis, the CBDT has decided that the implementation of new procedure for approval/ registration/notification of certain entities shall be deferred to 1st October, 2020. Accordingly, the entities approved/ registered/ notified under section 10(23C), 12AA, 35 and 80G of the Income-tax Act, 1961 …

Razorpay, the leading full stack financial solutions company, today announced that they will continue to hire for critical roles across Product and Engineering teams. In the wake of restrictions imposed due to the COVID-19 pandemic, an increasing number of businesses are considering adopting online payment methods. Razorpay is hiring for …

The Government of India and the Asian Infrastructure Investment Bank (AIIB) signed a US$ 500 million “COVID-19 Emergency Response and Health Systems Preparedness Project” here today to help India to respond to the COVID-19 pandemic and strengthen its public health preparedness. This is the first ever health sector support from …

In terms of the Government of India Notification No. F.No.4(4)-B/(W&M)/2020 dated April 13, 2019, Sovereign Gold Bonds 2020-21 (Series II) will be opened for the period May 11-15, 2020 with Settlement date May 19, 2020. The issue price of the Bond during the subscription period shall be Rs 4,590 (Rupees …

The Ministry of Corporate Affairs (MCA) vide its General Circular No. 18/2020, dated 21.04.2020 has already allowed the companies whose financial year ended on 31st December, 2019, to hold their AGM by 30th September, 2020. However on account of need for continuous adherence to the social distancing norms and restrictions …

The Government of India and the Asian Development Bank (ADB) today signed a $1.5 billion loan that will support the government’s response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable …

The Central Board of Direct Taxes (CBDT) has said today that there is some report circulating on social media regarding suggestions by a few IRS officers on tackling COVID-19 situation. It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report. No permission …

UPS (NYSE:UPS) said it has added over 200 company-owned and chartered air freighter flights in April to support FEMA’s Project Airbridge and other healthcare-related missions. Project Airbridge is a public-private partnership to get vital and life-saving equipment to where it is needed with greater speed. These additional flights serve to …

The Central Board of Direct Taxes (CBDT) responding to some observations being circulated on social media alleging that the Income Tax Department is pursuing recovery proceedings and using arm-twisting methods by adjusting outstanding demands of the start-ups, today stated that these observations are completely unfounded and are total misrepresentation of …

In order to enable income taxpayers to avail full benefits of various timeline extensions granted by the Government of India due to Covid-19 pandemic situations, the CBDT is revising the return forms for FY 2019-20 (Assessment Year 2020-21) which shall be notified by the end of this month. CBDT today …