Background Ministry of Corporate Affairs, had on March 30, 2016 notified the road map for implementation of Ind AS for banks, insurers and NBFCs from accounting period beginning 01st April 2018. Insurers were required to implement Ind-AS 104, Insurance Contracts from... Read More →
What is Risk Management? Risk management is the process of identifying, assessing, and controlling threats to an organization's capital and earnings. The risks could evolve from various sources such as financial risk, legal risk, strategic risk, nature’s apathy, etc. The... Read More →
Central Board of Direct Taxes vide Press Release dated 4th February, 2020 has clarified that under section 194K (proposed to be inserted vide Finance Bill, 2020), a Mutual fund shall be required to deduct TDS@10% only on dividend payment and... Read More →
On 1st February 2020, hon'ble Finance Minister of India, Smt. Nirmala Sitharaman tabled the Union Budget for the Financial Year 2020-2021. A brief snapshot of the Union Budget prepared by Dewan P.N. Chopra & Co. is attached. For more details... Read More →
CBDT vide Notification No. 8/2020 dated 29.01.2020 has inserted Rule 6ABBA of IT Rules w.r.e.f 1st Sept 19 prescribing following “Other Electronic Modes” of payments/receipts for the purposes of Section 13A, 35AD, 40A(3) & (3A), 43, 43CA, 44AD, 50C, 56(2)(x),... Read More →