Srivastava Kumar & Company, Chartered Accountants

Srivastava Kumar & Company, Chartered Accountants Srivastava Kumar & Co. is a CA firm commenced in 1991. We offer all the consultancy and finance rela SRIVASTAVA KUMAR & CO.

Chartered Accountants

ICAI Registration No. - 011204N
CAG Empanelment No. - SPJ-143
Peer Reviewed Certificate No. - 005686
RBI Empanelment No. - 005536

Srivastava Kumar & Co. the firm commenced in 1991 has marked its prominence under the expert guidance of his valued partners. Incorporated by five partners and empanelled authorities, the firm aims to maintain high standards of professionalism ma

intaining peace and harmony in the organization. Expanded its offices in Delhi and Srinagar, the firm has been able to meet high expectations of our valued clients. Dealing a wide array of cliental the firm aims to maintain a dependable relationship with our clients. Backed with an experience of more than 13 years we have been dealing in the areas of Statutory Audits, Internal & Concurrent Audits, Revenue and Stock Audits, Bank Audits, Project Financing and liaising work with Financial Institutions, Company Law Matters and Taxation.

14/11/2020

- > Happy Diwali 🙏🏾
-> Greetings for anniversary of Lord Rama's return to his home back after 14 years of exile 🙏🏾
-> Greetings for anniversary of Lord Mahavira's Nirvana 🙏🏾
-> Greetings for anniversary of return of Guru Hargobind to Golden temple from Mughal prison 🙏🏾
-> May the almighty fulfill all your wishes and keep everyone in your family healthy and happy 😀😄🙂💫✨

-> दीपावली की शुभकामनाएं 🙏🏾
-> भगवान राम के अयोध्या वापसी की शुभकामनाएं 🙏🏾
-> भगवान महावीर के निर्वाण दिवस की शुभकामनाएं 🙏🏾
-> बँधी छोड़ दिवस की शुभकामनाएं 🙏🏾
-> आपकी सभी मनोकामना पूरी हो और भगवान आपके सम्पूर्ण परवार को स्वस्थ एवं सम्पन्न बनाएं 😀😄🙂💫✨

Team SKC

10/09/2020

1.States may have to cut FY21 capital spending by Rs 3.4 lakh crore: ICRA

2.I-T Dept issues refunds worth Rs 1.01 lakh cr to 27.55 lakh taxpayers till Sep 8

3.Five to eight percent of overall loans will get restructured under new framework, says Icra

4.EPFO settles 94.41 lakh claims worth Rs 35,445 cr during April-August

5.More than 42 cr poor get Rs 68,820 cr financial aid under PM Garib Kalyan Yojana

6.States' borrowings soar 51 pc to Rs 2.97 lakh crore so far this fiscal

7.IIFL Home Finance approves loans worth Rs 7,000 cr for PMAY-CLSS beneficiaries

8.A dispute on definition of "intermediary" puts $147 bn IT sector in a tax quandary

9.ESAF SFB’s fintech conclave to focus on digital banking

10.SBI raises Rs 4,000 crore via AT1 bonds at 7.74% coupon rate

Source: Economic times, Financial express.

Content by Siddharth Abrol,
Video by Laxmi Manisha,
Video Edited by Siddharth Abrol.

07/09/2020

1. Vodafone Idea Soars Over 10% Ahead of Corporate Announcement

2. Coronavirus vaccine update: India gets data on Sputnik V from Russia; may conduct Phase 3 human trials

3. HDFC disburses over 50,000 PMAY home loans in 6 months including lockdown period

4. Nitishwar Kumar appointed as principal secretary to LG Manoj Sinha

5. Light intensity earthquake of 3.5 magnitude hits near Mumbai

6. Railways to run 80 new trains from September 12

7. Bizman demand latest R&D centres for advancement

8. Sensex advances 72 points to 38,429 in opening session

9. Rupee slips 4 paise to 73.18 against US dollar in early trade

10. Oil drops more than $1 after Saudi price cuts, demand optimism fades

Source :- Business News, Economic Times, Business Standard.

Content by Siddharth Abrol,
Video by Laxmi Manisha,
Video edited by Siddharth Abrol.

06/09/2020

1. Companies in India responded well to increased cyberattacks after 'total chaos' during lockdown: EY

2. Repco Home Finance net up 3% to Rs 64 cr

3. Oppo may launch TikTok-like video platform

4. Happiest Minds IPO Set To Open On Monday

5. Crisil Reaffirms Ratings On Welspun Corp Bank Facilities

6. Finance ministry comes out with measures to rationalise non-priority expenditure

7. Atmanirbhar Bharat: Govt expands programme for agarbatti units; to benefit around 6,500 artisans now

8. Srei Equipment Finance bags loan from KfW IPEX-Bank

9. Sensex, Nifty Continue To Reel Under Losses On Weak Global Cues

10. Economy Likely To Contract 10.9% In 2020-21, Says SBI Report

Sources: Business News, Economic Times, Business Standard.

Content by Siddharth Abrol,
Video by Lakshmi Manisha,
Video editing by Siddharth Abrol.

05/09/2020

1. . Debt-ridden IL&FS to file bankruptcy for its offshore firms IIDL, IIDMCC in UAE

2. Finance Ministry cuts non priority expenditure , new posts amid slump in revenues

3. Popular Finance fraud: Keralites lose millions to the ponzi scheme

4. ‘High GDP contraction due to strict lockdown, economy witnessing sharp V-shaped recovery’: Finance Ministry

5. Finance Commission to consider recommending a range for fiscal deficit

6. Debt-Laden Vodafone Idea To Raise Up To Rs 25,000 Crore

7. Days After PUBG Ban, Akshay Kumar Unveils Made-In-India Alternative FAU-G

8. Indian Companies Raise Record $31 Billion Equity Capital In Shrinking Economy

9. SoftBank exploring partnerships to bid for Tiktok India's business

10. Oil holds near $44, heads for weekly drop on demand concerns

Source: Hindustan Times, NDTV

Content by Siddharth Abrol,
Video by Lakshmi Manisha,
Edited by Siddharth Abrol.

04/09/2020

1. Central Bank of India taking guarantors to court in bad loans of over Rs 50 crore: MD Pallav Mohapatra

2. YES Bank fraud case: SC stays Bombay HC order granting bail to DHFL promoters

3. Supreme Court says standard accounts as on August 31 must not be declared NPAs till further order

4. Private banks likely to gain market share from state-owners peers: Fitch

5. RBL Bank launches cardless cash withdrawal facility through ATMs

Sources: Economic Times

Content by Siddharth Abrol,
Video by Lakshmi Manisha,
Editing by Siddharth Abrol.

02/09/2020

1. Validity of e-way bills extended till November 30: Central Board of Indirect taxes and Customs

2. Leading asset management companies line up to facilitate govt's divestment plan

3. Unilever’s Surf, Vim, Domex to be free of fossil fuels; FMCG giant green move for Clean Future

4. Economic outlook: GDP slump a warning bell for hamstrung policies

5. Sensex, Nifty open flat but steadily inch higher; IT stocks gain while banks trade with losses

6. PNB housing finance failed to get any bidder for Vipul Ltd project in Gurgaon

7. SBI plans foray into digital payments, set to rival National Payments Corporation of India

8. UPI crosses record 1.5 billion transactions in August, shows latest RBI data

9.RBI's new current account norms make foreign banks jittery

10. To soften Covid 19 blow, india plans to extend MGNREGA to the cities

Source: Economic Times, financial express, business standard

Content by Siddharth Abrol,
Video by Lakshmi Manisha,
Editing by Siddharth Abrol.

01/09/2020

1. Finance ministry asks banks not to levy any charges on electronic transactions

2. Q1 GDP Highlights: Economy records worst ever quarter, shrinks 23.9%; construction halves, manufacturing free falls

3. Retailers body says MHA's latest order brings a ray of hope on the issue of weekend lockdowns

4. Sensex Jumps Over 400 Points, Nifty Touches 11,500 Amid Gains Across Sectors

5. Jobs App For Poor Workers Used By Amazon, BigBasket Raises $8 Million

6. Maruti sees 21.3% growth in August, wholesale dispatches cross 1 lakh for first time since February

7. Supreme Court gives telecom companies 10 years to clear AGR dues

8. RBI pricing cap hits India Inc’s junk bond issuance

9. Streaming platforms spend big bucks to acquire bigger Bollywood films

10. Rupee surges against US dollar today, gains past 73 per USD mark

Sources:HT, Livemint, NDTV, Financial express

Content by Siddharth Abrol,
Video by Lakshmi Manisha,
Edited by Siddharth Abrol.

31/08/2020

1. Covid response: External lenders commit $6.5 billion, five times the Budget estimate

2. Loan restructuring: FM Sitharaman to meet top executives of banks, NBFCs on Sept 3

3. RIL shares jump 2.6%, Future Retail zooms 20% on Reliance’s acquisition of Future Group businesses

4. Probe Chinese investments in 141 prominent Indian startups: CAIT asks Piyush Goyal

5.Fears of contraction, GDP data today will mark Covid effect & phase of recession

6. Foreign portfolio investors (FPIs) invest Rs 47,334 crore in August so far

7. No more delays! Now pensioners to get electronic pension payment order (ePPO) directly in DigiLocker

8.Covid-19 :Nestle says consumer behaviour changing, essentials taking predence over luxury

9 Fiscal deficit likely to touch 7% in FY21 against 3.5% budget estimate

10 VOOT’s Akash Banerji to join Amazon India as marketing head for mobile business development

Source : Financial express, indian express

Content by Siddharth Abrol,
Video by Manisha Lakshmi,
Editing by Siddharth Abrol.

30/08/2020

1. Popular Finance Fraud: Depositers loose Rs. 2,000 crore

2. Fuel price update: Petrol rates cross Rs 82-mark in Delhi, diesel remains unchanged

3. Bank fixed deposit (FD) rates of 8.25%, 8.60% for senior citizens

4. Sundaram Finance reduces interest rates on deposits

5. Mukesh Ambani buys Big Bazaar: Future Group’s retail, wholesale, logistic biz sold to Reliance Retail

6. Amul becomes first Indian dairy company to be in Rabobank’s Global Top 20 list; Nestle leads

7. NMDC’s Board approves demerger of Chhattisgarh steel plant

8. Defying trade tensions, Chinese buyers snap up Indian steel

9. GDP, auto sales data, PMI prints among 10 factors likely to drive stock market next week

10. New e-market platform launched to bridge gap between Indian farmers and UAE food industry

Source: Financial Express, Economic Times, Hindu Business Line

Content by Siddharth Abrol
Video by Lakshmi Manisha
Edited by Siddharth Abrol.

29/08/2020

1. Stock Finance News:Bajaj Finance shares shed nearly 1%

2. RBI likely to prefer Centre borrowing on States' behalf for GST compensation

3. Crisil, India Rating upgrade YES Bank's bonds on improved liquidity

4. BBB recommends Dinesh Khara as next SBI chairman

5. National Pension System: NPS likely to cross AUM of Rs 5 lakh crore by September

6. Murugappa Group's Tube India makes winning bid for CG Power in Swiss challenge

7. Kishore Biyani's Future Enterprises postpones board meet to September 7

8. Court Halts Insolvency Proceedings Against Reliance's Anil Ambani

9. Retirement fund body EPFO settles 46 lakh COVID-19-related claims worth Rs 920 crore

10. Government debt likely to stand at 80 per cent of GDP by FY30: Motilal Oswal

Sources: Economic Times, NDTV, Business Today

Content By Siddharth Abrol
Video by Manisha

26/08/2020

1. Google, Facebook, Netflix and LinkedIn give paying new tax a miss

2.You may have to file ITR this year even if your income is below taxable limit

3.Tax Collected at Source(TCS) on Goods Sold: Applicability of New Section 206C(1H) w.e.f 1st October 2020

4.Architectural Services provided to Singapore Entity taxable at 10% as per India Singapore DTAA: ITAT [Read Order

5.Payment of TDS would relate back to the date of presentation of cheques to the banker: ITAT directes TDS-CPC to re-compute interest payable by Standard Chartered Bank

Content by Siddhart Abrol,
Video by Taniya,
Edited by Emani Mahathi.

Address

404, 4th Floor, Ashoka Bhawan, Nehru Place
Delhi
110019

Opening Hours

Monday 11am - 7pm
Tuesday 11am - 7pm
Wednesday 11am - 7pm
Thursday 11am - 7pm
Friday 11am - 7pm
Saturday 11am - 7pm

Telephone

+919811073788

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