I. Headlines Today:   

1. Amendment of the Income-tax Rules, 1962 to provide for Safe Harbour Rules  (Click for detail)

2. Revised FAQs on LLP settlement Scheme, 2020 and Cos. Fresh Start Scheme  (Click for detail)
   

3. Govt. approves of Special Liquidity Scheme for NBFCs/HFCs to address their Liquidity Stress  (Click for detail)
   

4. Cabinet approves of additional fund of up to Rs. 3 lakh crores through 'Emergency Credit Line Guarantee Scheme'  (Click for detail)
   

5. IRDAI to revisit existing guidelines on Trade Credit insurance  (Click for detail)
   

6. SEBI allows listing of mutual fund schemes that are in the process of winding up  (Click for detail)
   

7. RBI reduces repo rate by 40 basis points from 4.4% to 4%  (Click for detail)
   

8. ICAI: Relaxations for the Companies and LLPs to make good any filing related defaults, irrespective of duration of default, and make a fresh start as a fully compliant entity by 30th September, 2020  (Click for detail)

II. Useful Presentation:

1.  Hearing through Video Conference - ITAT Delhi

        (Please click here)  

III. Useful Presentation:

1.  Sec. 115BBE - Bleak line between Righteousness and Injustice

        (Please click here)  

2.  Taxability of Gifts—Some Interesting Issues

        (Please click here)  

Golden Rules:

  "Well wishers are like beautiful street lamps
they cannot make the distance shorter,
but they can lighten your path and
make the Journey easier"
                                        

Thanks & Regards

  Team

Voice of CA