Post by: Renu Suresh in Income Tax
Budget 2022: Income Tax Relief on Covid-19 Treatment Expenses Finance Minister Nirmala Sithraman presented the Union Budget 2022 on 1st February 2022. With several key issues being discussed, Budget 2022 has clarified that Compensation received by individuals from their employers…
Post by: Renu Suresh in GST
GST Exemption on Specified Medicines used in COVID-19 The 45th GST Council meeting extends concessional GST rates on drugs used in COVID treatment till December 31st, 2021. To implement recommendations made by the GST Council meeting, The Central Board of…
Post by: Renu Suresh in Income Tax
Extension of Due Date for Furnishing Income Tax Returns for AY 2020-21 The Central Board of Direct Taxation has further extended the due date for furnishing the income tax returns for the AY 2020-2021 because of the constraints being faced…
Post by: Renu Suresh in GST
Highlights of 43rd GST Council Meeting The Goods and Service Tax (GST) council held its 43rd GST council meeting, via video conferencing, on 28th May 2021. The meeting was held under the Chairmanship of Finance Minister Nirmala Sitharaman. The council…
Post by: Renu Suresh in Banking SIDBI
SIDBI Assistance to MSMEs For Recovery & Organic Growth During Covid19 Pandemic (AROG Scheme) Stepping up the fight against COVID -19 and helping Micro and Small Enterprises (MSEs) battle the prevailing situation, the Small Industries Development Bank of India has launched SIDBI…
Post by: Renu Suresh in Government Initiatives
Covid Relief and Upliftment Scheme (CORUS) The Government of Tamil Nadu has launched CORUS – Covid Relief and Upliftment Scheme to provide financial assistance to MSME units to face the prevailing challenge against Covid 19. The task of administering and…
Post by: Renu Suresh in Government Initiatives
FIRST HUB The COVID-19 pandemic has posed unprecedented challenges for the startup ecosystem of India. Hence the Government of India has joined hands with BIRAC to offer support to startups. FIRST, (Facilitation of Innovation and Regulations for Start-ups and Innovators)…
Post by: Renu Suresh in Business Registration Government Initiatives
Invest India Business Immunity Platform The Ministry of Commerce and Industry has introduced the Invest India Business Immunity Platform to help businesses and investors to get real-time updates on the Government's active response to COVID-19. The Business Immunity Platform (BIP)…
Post by: Renu Suresh in Business Startup
ReSTART Package for MSME Amidst the financial crisis being faced by the industries due to the ongoing pandemic, the Government of Andhra Pradesh has launched a revival package called ‘ReSTART Package. The key objective of this package is to strengthen…
Post by: Renu Suresh in Business Startup
Bulk Drug Park and Production Linked Incentive (PLI) Scheme As part of the multi-pronged response to the medical emergency prevailing in the country due to the COVID-19 pandemic, the Government of India has approved the following schemes to promote drug…
