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Tuesday, 31 March 2020


 
The Ministry of Finance issued a clarification that the Financial Year has not been extended. The clarification was issued to clear the confusion about the extension of the Financial Year caused after a notification was released by the Government of India about the amendments in the Indian Stamp Act. After the notification was released many people misquoted it and a fake news was circulated on social media regarding the extension of the Financial Year. However, the government later made it clear that the notification is being misquoted and it does not talk about the extension of the Financial Year but pertains to amendment in the Indian Stamp Act.

Monday, 30 March 2020


The CBDT has changed the format of Income Tax Form 16 Part B for the Financial Year 2019-20 since the 12 May  2019. This Format is more explore the employee’s Salary Details.

The Reserve Bank of India has clarified that all lending institutions are permitted to grant a moratorium of three months on payments of all instalments on term loans, including credit cards.

Sunday, 29 March 2020


 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.

Coronavirus attacks the lungs. In some cases, your throat and chest may rattle from the effort just to breathe. It’s fast become common knowledge that ventilators can be a life-saving intervention — and that there simply aren’t enough of the machines to meet the growing number of patients. As a last resort, some hospitals are deploying the experimental technique of hooking two patients up to one unit.

Saturday, 28 March 2020

Friday, 27 March 2020


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.