Tax Thoughts with Sukumar

My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  How To Stay Positive In This Corona Virus World Positive Emotion Positive emotion springs happiness. Focusing on positive emotions is more than smiling: it is the ability to remain optimistic and view one’s situation from a constructive perspective. While the Coronavirus world makes optimism a challenge, there are things you can do to stay optimistic: Limit your access to social media and news : listen to or read it once a day to keep informed and so that you are not constantly bombarded with bad news – switch off your news feeds, talk radio and email alerts. Take time to appreciate your home and those who are with you : write a daily list of three or more things in and around your at home for which you are grateful and share your gratitude with others. Take time out to properly enjoy your coffee breaks ; now

My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  MCA has issued FAQs on eligibility of CSR expenditures made for COVID 19 activities. General Circular No. 15/2020.  F. No. CSR-01/4/2020-CSR-MCA dt. 10.04.2020 Government of India  Ministry of Corporate Affairs    The Ministry has been receiving several references/ representations from various stakeholders seeking clarifications on eligibility of CSR expenditure related to COVID-19 activities. In this regard, following are the FAQs along with clarifications. These are as follows. For the ease of simplicity to my readers, viewers, clients, I have darkened the specific words. All of You will know easily. S. No. Frequently Asked Questions (FAQs) Reply 1 Whether contribution made to ‘ PM CARES Fund ’ shall qualify as CSR expenditure? Contribution made to ‘PM CARES Fund’ shall qualify as CSR ex

My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  Empty highways...  NHAI losses may amount to over Rs 950 Cr For projects, which are publicly funded and currently being tolled by NHAI (The National Highways Authority of India) through toll contractors will hit by a direct revenue loss for NHAI due to toll suspension.           Covid-19 will impact all segments of infrastructure — roads, transports, airports, and metros. The disruption caused by the pandemic may well roll over into FY 2020-21, which will impact toll collections, airport revenues and ticketing collections of metros. The National Highways Authority of India, known as (NHAI) is estimated to suffer a loss of Rs 953 crore on account of 21 days toll suspension, while there will be a relief to toll road operators as they will be compensated for the loss, due to lockdown to eliminate Covid-19.      According to ratings agen