FY1920 GSTR 4 Due Date extended to 31 Oct
Last date GSTR 4 for FY 2019-20 extended to 31st October 2020. Notification will follow.
Unlock Guidelines by Govt of Maharashtra, applicable until 30th September
Mission Begin Again:Easing of restrictions and phase-wise opening of #lockdown Guidelines issued by Govt of Maharashtra, applicable until 30th September.
COVID impact on India’s Foreign Tourist arrivals
Beautiful graph ruined by COVID is India's foreign Tourist arrivals. Extremely cyclical till March and then crashed to zero.
Q1FY21 Indian Economy contracts by 23.9%
Q1FY21 #Economy GDP at constant prices: ₹26.90 lkh cr vs. ₹35.35 lkh cr (YoY), a contraction of 23.9% vs. 5.2% growth (YoY). GVA at constant prices: ₹25.53 lkh cr vs. ₹33.08 lkh cr (YoY), a contraction of 22.8%. These numbers to undergo revision in next release - 27th Nov.
Amul in Top 20 Dairy Companies list for the first time
GCMMF (Amul) enters the Rabobank's Global Top 20 Dairy Companies list for the first time at No.16.
Reliance Retail to acquire retail, wholesale, logistics & warehousing businesses of Future Group for Rs 24,713 cr
FUTURE GROUP - RELIANCE DEALAppears Win-Win Future Gets a BuyerReliance Gets an asset to growBanks don't have to take a big haircut Only concern: Will other listed players feel the competitive heat? Both in the Markets and the Market Place? Future Merger Ratio +ve for other listed entities Swap ValuesFuture Cons at 18 vs CMP of 11.5 (+57%)Future Retail at 202 vs CMP of 135.2 (+49%)Future Life at 232 vs CMP of 145 (+60%)Future Supply at 262 vs CMP of 151 (+74%)Future Mkt Network at 36 vs CMP of 27 (+35%) Reliance - Future DealAssuming the value of Future Ent as 17.65 based on Pref Allotment Price for Reliance vs CMP 20.2 Swap ValuesFut Cons at 16 (+38.4% prm)Fut Retail at 178 (+31.8% prm)Fut Life at 205 (+41.1% prm)Fut Supply…
All About filing ITR 1 Sahaj For AY 20-21
All About filing ITR 1 Sahaj Who Should use this ITR1 Sahaj ? This form is for Individuals being a Resident (other than not ordinarily resident) having total income upto Rs. 50 lakhs, having Income from Salaries, one house property, other sources and agricultural income up to Rs. 5,000. Who is not eligible to use Form ITR-1 (Sahaj) for A.Y. 2020-21? This ITR Form should not be used by an individual who (Either conditions is fulfilled)– a) is a Director in a company; (b) has held any unlisted equity shares at any time during the previous year; (c) has any asset (including financial interest in any entity) located outside India; (d) has signing authority in any account located outside India; or (e) has income from any source outside India. This…
Indices From all time High
Indices From all time High Nifty50 is just 6% down from all time high.
View Bill of Entry and details of tax paid at the time of import on GST Portal
GSTN has enabled the facility in GSTR-2A for importers to view Bill of Entry and details of tax paid at the time of import of goods from overseas and SEZ units/developers.
Stamp Duty rates reduced to 2%: Maharashtra Cabinet Decision
Maharashtra cabinet on Wednesday approved the proposal of reducing stamp duty by three per cent for period September 1 to December 31, 2020, while reduction of two per cent between January 1, to March 31, 2021, across the state. The state government charges a five per cent stamp duty against a total cost of the property and one per cent stamp duty or Rs 30,000 registration whichever is lower.