The government is in the final stages of notifying an amendment to the intermediary guidelines of the Information Technology Act (IT) 2000, which make social media firms in India responsible for the content on their platforms. According to two senior government officials, the law ministry has made minimal changes to draft amendments finalised by the […]
Archives for April 2020
Zomato, Meesho, Snapdeal, Perpule and NoBroker expand to launch groceries
Illustration: Rahul Awasthi A slew of internet businesses have diversified into the groceries space, a category deemed tough to crack for e-commerce players, in the wake of the Covid-19 pandemic. Social commerce startup Meesho, etailers like Snapdeal, Paytm Mall, Perpule and Shopclues as well as food delivery app Zomato, and real estate platform NoBroker have […]
Bond funds with the biggest net outflows YTD
Corporate credit took it on the nose at the end of the first quarter as investors flooded Treasury bond funds for some semblance of normalcy during the very abnormal coronavirus pandemic. The 20 bond funds with the biggest net outflows so far this year, and at least $500 million in assets under management, have lost […]
A message from Steve Vamos: Staying connected through COVID-19
To our Xero community, We’re facing a truly unprecedented time as COVID-19 impacts every aspect of our lives. Xero is here to help and support you throughout this time. I have recorded a message below to outline what we are currently doing to get through this together. Myself and the Xero team would like to […]
Partnerships can file amended returns to get CARES Act benefits
The IRS is allowing partnerships subject to the centralized audit provisions in the Bipartisan Budget Act of 2015 (BBA), P.L. 114-74, to file an amended partnership return for 2018 or 2019 to take advantage of beneficial tax provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116- 136. The IRS announced in […]
FASB effective date delay proposals to include private company lease accounting – Journal of Accountancy
FASB voted Wednesday to add a project to its technical agenda to propose delaying the effective dates of its standards on revenue recognition and lease accounting for certain entities because of challenges related to the coronavirus pandemic. The board voted unanimously to consider amending the effective date of FASB Accounting Standards Codification (ASC) Topic 606, […]
AICPA issues audit and accounting guidance FAQs on COVID-19 – Journal of Accountancy
A new AICPA report provides nonauthoritative guidance addressing frequently asked audit and accounting questions related to the coronavirus pandemic. The report, Audit Matters and Auditor Reporting Issues Related to COVID‐19, has been compiled to aid (1) practitioners performing audit engagement during these uncertain times; and (2) preparers of financial statements. The guidance does not apply […]
How to find CIF Number of SBI in Passbook?
CIF Number or CIF Code is a widely used terminology in banking. So what is CIF Number and what is the use of CIF Number? In this post, we will discuss CIF number in detail. We will also look at the process to find CIF number in SBI Passbook and Chequebook. In this article, you […]
Using Economic Injury Disaster Loans (EIDLs) And Payroll Tax Breaks To Supplement (Or Replace) Paycheck Protection Program Loans
Executive Summary Last month, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress, introducing a $2 trillion emergency fiscal stimulus package to provide relief to individuals, businesses, healthcare providers, and government entities from the economic damage resulting from the Coronavirus pandemic. While many advisors have become intimately familiar with the $349 […]
Vedantu raises $12.5 million from Legend Capital, Omidyar
Education technology platform Vedantu has raised Rs 96 crore (about $12.5 million) as part of its Series C1 round, led by Chinese venture capital firm Legend Capital, with participation from Omidyar’s Ohana Holdings LLC. The investment follows a $42 million fund infusion led by Tiger Global Management in August last year, followed by a $24 […]