CA Srinivasa Rao Eluri M.Com., FCA

Posts

Covid-19: India partially lifts ban on export of paracetamol and HCQ Delhi : With coronavirus (Covid-19) spreading at a rapid pace in the country and the neighbourhood, India has partially eased restrictions on export of paracetamol and Hydroxychloroquine. It has decided to licence paracetamol & Hydroxychloroquine (HCQ) in appropriate quantities to all our neighbouring countries who are dependent on India's capabilities, the Ministry of External Affairs announced. HCQ is the same drug that US President Donald Trump had sought from India and warned of retaliation if India did not supply the drug. MEA said, "We will also be supplying these essential drugs to some nations who have been particularly badly affected by the pandemic. We would, therefore, discourage any speculation in this regard or any attempts to politicise the matter". "India has always maintained that the international community must display strong solidarity and cooperation. Coronavirus crisi...

Dear Client You must be busier beginning the financial year. As always, changing into the new financial year is easy for a Tally user. It is a simple two-step process: • To change the period to next year – Go to Gateway of Tally , press Alt+F2 and change the period. Balances from the previous financial year will be carried forward. • You can always refer back to previous data by pressing Alt+F2 from Gateway of Tally and change the period to the preferred previous financial year. Please refer TallyHelp for more information

Ordinance issued to make PM CARES donations tax free Delhi : The government has issued an ordinance to give effect to the relaxation in several compliances including extension in last dates to June 30 for making investments in instruments such as National Savings Certificates, Public Provident Fund for claiming income tax benefits. Income tax Act, Benami Act are being sought to be amended via the ordinance - Taxation and Other LAws(Relaxation of Certain Provisions) Ordinance, 2020. The ordinance also seeks to amend the Income Tax Act to enable 100% deduction to donations made to the PM's Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund, set up to enable citizens to contribute to government’s containment efforts against the Covid-19 outbreak.