Knowledge Varsity

COVID-19 also known as the coronavirus disease is an infectious disease caused by a newly discovered virus (COVID-19).

To provide immunity to stakeholders of the company who are unable to file specified documents including annual filing to ROCs, the ministry of corporate affairs has launched companies fresh start scheme 2020 (CFSS-2020).

The ministry of corporate finance has received much representation form stake holders to provide a one-time opportunity to file all the pending documents including the annual filing of the company without charging higher additional fees on any delay.

Union Finance Minister Nirmala Sitharaman today addressing a press conference on various legislative and regulatory enforcement issues in the midst of a complete shutdown to monitor the spread of highly contagious coronavirus or Covid-19 infection virtual

Keeping this in mind the Central Govt. has launched the LLP SETTLEMENT, 2020 to offer a one-time settlement scheme to all the defaulting LLP’s in order to allow them to regularise their pending filings.

India is one of the major contributors to the global economy. The government policy of trade liberalisation, tax ratification or open approach towards foreign investments shows consistency support and improvement in the business sector.

Taxpayers get the options to choose either the old tax regime or the new tax regime with their own pros and cons. New tax regime comes with a rider to forego various exemptions being provided under the old regime like 80C, 80D, Housing Loan,