Haldiram Group has come out as the only bidder interested in acquiring dairy firm Kwality with an offer of around ₹130 crore in the ongoing insolvency process, reports said. The lenders are likely to vote on Haldiram's bid later this month. The insolvency began in December 2018 with Shailendra Ajmera of EY being appointed as the resolution professional for Kwality.

Q321 Correct Answer is (a)

Q297Correct Answer is (b)

IDT REVISION VIDEOS BY JK SHAH CLASSES

https://www.youtube.com/playlist?list=PLdP5D33LsGu9t8wOrlk_7E8s9IgMf7Qnr

IDT REVISION VIDEOS BY YASHWANT MANGAL SIR

https://www.youtube.com/playlist?list=PLxdV6XkMcbtcpJFLwe1g1W_G4YbKhQiyY

💁‍♂DIRECT TAXES AMENDMENTS FOR NOV 2019

👨‍🏫 CA BHAWAR BORANA SIR

🖥FINANCE ACT 2018 AMENDMENTS APPLICABLE FOR MAY AND NOV 2019 PLAYLIST🔽
👉https://www.youtube.com/playlist?list=PLELk3kAcynz5DWAZLgWtnim9RNchwWJ5v

🖥 NOV 2019 RTP AMENDMENTS SPECIFICALLY FOR NOV 2019🔽
👉https://youtu.be/2TguYqhszbE

💁‍♂DIRECT TAXES AMENDMENTS NOTES AND VIDEO FOR Nov 2019

📌SATISH MANGAL SIR

🖥AMENDMENT PART 1🔽
👉https://youtu.be/dZRuP8mNnkw

🖥AMENDMENT PART 2🔽
👉https://youtu.be/-l7GYFt3hRM

Ranbaxy promoters Malvinder Mohan Singh and Shivinder Mohan Singh, former managing director of Religare Enterprises (REL) Sunil Godhwani, and two other key executives of REL, Kavi Arora and Anil Saxena, to four days in custody of the Economic Offences Wing (EOW) of the Delhi Police for misappropriating funds of Religare Finvest (RFL), causing it a loss of Rs 2,397 crore.

Paytm goes for internal restructuring

Paytm is building advertising and cloud offerings for Indian businesses, and is planning to bring in more senior hires to expand these verticals over the next few months. Paytm, run by One97 Communications, has over the past few weeks hired several senior leaders, including from Google and Goldman Sachs as it goes for the next stage of expansion.

There were 16,345 more crorepatis in the 2018-19 assessment year (AY) in the country compared to the previous year.However, income inequality remained stark as over 99 per cent of the return filers earned up to Rs 10 lakh.

Around 13.9 per cent of the return filers earned up to Rs 2.5 lakh, which is a threshold for income tax.More than 60 per cent of those filing taxes earn gross income up to Rs 5 lakh in AY19.

Govt invites bids from advisers for strategic disinvestment of 3 PSUs

The government has kicked off strategic disinvestment exercise for this fiscal by inviting bids from advisers for sale of its controlling stake in three PSUs of Container Corporation of India (Concor), North Eastern Electric Power Corporation (NEEPCO) and THDC India.

Besides, the Cabinet has given its nod to sell the government's entire 53.29 per cent stake in Bharat Petroleum Corporation Ltd and its 63.75 per cent stake in Shipping Corporation of India (SCI).

The strategic disinvestment of the five PSUs is expected to fetch Rs 60,000 crore to the exchequer.

In view of declining GST collections from states threatening their finances, the Central government is gearing up to review GST. It intends to reconsider the tax structure, increase tax slabs of non-essential and lifestyle items and consider bringing more items into the GST net.

♻️ CA Final Direct Tax Case Laws for Nov 19 :

By VG Sir

https://youtu.be/ziJdG6dELuo

Central Government makes further amendments to Schedule VII of the Companies Act, 2013 which relates to Activities which may be included by companies in their Corporate Social Responsibility Policies.

Foreign portfolio investors withdrew over Rs 6,200 crore from Indian capital markets in the first two weeks of October, as global recession fears and trade war concerns weighed on sentiments.Foreign investors pulled out a net amount of Rs 4,955.2 crore from the equities and Rs 1,261.9 from the debt segment, taking the total net withdrawal to Rs 6,217.1 crore during October 1-11, as per latest depositories data.

GST: Voluntary payment of tax to be intimated vide DRC-01A and not DRC-03. Annual Return for assessee below 2 crore turnover is deemed to have filed, if not filed