What might work, what probably doesn’t, and what’s flat-out wrong
Here’s a lot of misinformation and half-truths going around right now about
the novel coronavirus. That’s understandable — the virus is very new
and doctors and scientists are still learning about how the infection works and the best ways to treat it. The news being reported about tests, symptoms, and treatments is conflicting at times, which is
confusing. Plus, everyone wants to protect themselves as best they can, so it
makes sense that people will try anything to stave off the virus, proven or
not.
Several banks have revised their operating times and
suspended non-essential banking services because of the rising novel
coronavirus (COVID-19) cases in India. Banking services like passbook updates,
counter cheque collections have been restricted as the banks promote social
distancing.
Budget 2020 proposes to allow a taxpayer
to choose between the existing income tax regime (availing benefits of tax
exemptions and deductions) and a new tax regime (lower income tax rates with no
tax exemptions and deductions) every year as per their convenience.
The Union Finance & Corporate Affairs
Minister Smt. Nirmala Sitharaman
today announced several important relief measures taken by the
Government of India in view of COVID-19 outbreak,
especially on statutory and regulatory compliance
matters related to several sectors. While addressing
the press conference through video conferencing here today, Smt.
Sitharaman announced much-needed relief measures in
areas of Income Tax, GST, Customs &
Central Excise, Corporate Affairs, Insolvency& Bankruptcy Code (IBC) Fisheries,
Banking Sector and Commerce.
The
Pandemic of COVID-19 is spreading all
over the country like a wildfire now. The government in many states
have passed orders to close down educational institutions,
government offices, malls, etc. i.e places of social gatherings,
and have permitted the workers to “Work from home”
as a preventive measure against the known “CORONA VIRUS”. Why aren’t
the professional firms closing their offices and
not providing work from home to their staff and officers?