9th March 2K20
Economic Times
Ø IL&FS seeks extension of bid validity for 5 projects
Ø CBI books Rana Kapoor, DHFL and others
Ø YES Bank debit card holders can withdraw from ATMs
Ø IL&FS seeks extension of bid validity for 5 projects
Ø Abu Dhabi, Kuwait stocks plunge after Opec deal collapses
Business Standard
Ø IBHFL exposure to YES via AT1 bonds at Rs 662 cr
Ø YES Bank fallout: RBI move casts shadow on Rs 1-trillion AT-1 bond market
Ø Indian banks well capitalised, no reason to worry: CEA Subramanian
Ø Exempt telcos with under 15% mkt share from floor price norms: BSNL, MTNL
Ø 'Delay in appeal': NCLAT dismisses DoT's plea in Aircel moratorium issue
Ø HMSI plans local production of some imported premium bikes from next fiscal
Business Line
Ø MCA panel’s scope on cross-border insolvency gets bigger
Ø Statutory auditors get a breather on NFRA-2 form
Ø India submits ‘flexible’ proposal on fisheries sops at WTO
Ø Near the end of the road for Jet Airways, says Grant Thornton CEO
Ø Oil in freefall after Saudis slash prices in all-out crude war
Mint
Ø Drug approvals perk up Cadila Healthcare, potential is priced in
Ø 'Crazy' Saudi oil price cuts signal return of 2014 market share battle
Ø Coronavirus may ignite Cummins India’s exports, unlikely to power earnings
Financial Express
Ø DLF’s board-constituted panel approves Rs 1,000-crore fundraising proposal
Ø India ranked 12th in women member presence on companies’ board globally
Ø BFSI witnesses growth in outsourcing of hiring process
Ø Saudi Aramco shares drop below IPO price for first time
Ø Coronavirus batters trade, hits exports and imports in China
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👉🏻Two directors of exporting companies arrested for fraudulently claiming GST refund
(Company and others availed input tax credit (ITC) fraudulently on the basis of invoices received from non-existent or non-functional firms or from companies which have indulged in circular trading)
👇🏻 👇🏻 👇🏻
http://bit.ly/2vO0raw
👉🏻SEBI's new reforms to help identify charge in NBFC defaults
(SEBI's new proposal will help avoid such situations in future and also help identify the charge, especially in case of default or liquidation)
👇🏻 👇🏻 👇🏻
http://bit.ly/332YGCP
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CBDT issued FAQ on “Vivad se Vishwas Scheme in which Scope/Eligibility, calculation of disputed tax, filing procedure of scheme and immunity from prosecution has discussed. (Ref: Circular No. 7/2020)
Income tax: Any person opting for the presumptive taxation u/s 44AD is liable to pay whole amount of advance tax on or before 15th March of the previous year otherwise interest u/s 234C shall be levied. MAT Credit, Brought forward losses and Relief u/s 89 can be adjusted for the purpose of Advance Tax Calculation.
Income Tax: 15.03.2020 is the due date to pay Advance Tax (4th Installment) for FY 2019-20.
GST: 10.03.2020 is the due date to file GSTR-7 (GST TDS Return) for the month of February, 2020.
GST: 11.03.2020 is the due date to file GSTR-1 (Taxpayers with turnover > 1.5 crores) for the month of February, 2020.
GST: 13.03.2020 is the due date to file GSTR-6 (ISD Return) for the month of February, 2020.
GST: 31.03.2020 is the LAST DATE to SHIFT to Composition Scheme by filing FORM CMP-02 for F.Y. 2020-21.
MCA : 31.03.2020 is the new due date for AOC-4, MGT-7 for F.Y. 2018-19 for companies having jurisdiction in UT of J&K and Ladakh and NBFC (IND AS) Companies XBRL AOC-4 and MGT-7.
RBI Deputy Governor N S Vishwanathan has decided to step down by March 31 due to ill health, three months before the end of his extended one-year tenure.