Day: December 24, 2020


6 min read

Opinions expressed by Entrepreneur contributors are their own.


Most companies were forced to throw their 2020 plans out the window.  As the first wave of lockdowns began last March, companies tended to utilize two distinct strategies—hibernate or accelerate.

When I say hibernate, I’m referring to companies taking a more defensive, protective approach. Many of these companies used the strategy of hoarding their cash and reducing expenses with plans to ride out this crazy time by retaining enough resources to quickly rebuild.

In contrast, companies that chose to accelerate took more risks and essentially “doubled down” during uncertain times. These companies worked harder and faster in an attempt to pivot or grow their business while their competitors were waiting to see how things turned out before charting a path forward.

Both strategies are sound, and both can backfire. It’s really a decision of risk or

The Direct Taxes Professionals Association (DTPA) has urged Finance Minister Nirmala Sitharaman for extension of date of furnishing of tax audit report under section 44AB to February 28

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Nirmala Sitharaman | income tax returns | tax filing


professionals have sought extension for tax audit report, for audit cases and time limit for AGMs in the wake of the ongoing pandemic scenario.


The Direct Taxes Professionals Association (DTPA) has urged Finance Minister for extension of date of furnishing of tax audit report under section 44AB to February 28 and the due date of filing of of assessment year 2020-21 in audit cases to March, 31, 2021.



Due to the corona pandemic normalcy in operations is yet to set in. Even many professionals as well as their staff have suffered infection from


prices pushed towards multi-year highs on Wednes­day, as investors spooked by the emergence of a more contagious variant of the coronavirus regained their nerve.


Benchmark on the London Metal Exchange (LME) traded up 0.5 per cent at $7,784.50 a tonne in official rings, nearing Friday’s peak of $8,028, its highest since 2013.



Gold and oil prices, too, inched higher on Wednesday after US President Donald Trump’s threat not to sign the pandemic relief Bill triggered a drop in the dollar.


Spot gold was up 0.77 per cent at $1,876.63 an ounce (8.33 pm IST). Bullion has climbed about 23 per cent so far this year and is poised for its biggest annual gain since 2010 as central banks and governments globally unleashed unmatched stimulus to cushion the economic blow of the coronavirus crisis.


Oil prices,