As nearly 30 million Americans have filed for unemployment in just six weeks and millions worldwide face hunger and poverty, we look at the global economic catastrophe triggered by the pandemic and its impact on the most vulnerable. As the World Food Programme warns of a massive spike in global hunger and more than 100 million people in cities worldwide could fall into poverty, can this crisis be a catalyst for change? We ask French economist Thomas Piketty. His 2014 internationally best-selling book, "Capital in the Twenty-First Century," looked at economic inequality and the necessity of wealth taxes. His new book, "Capital and Ideology," has been described as a manifesto for political change.

At least 20 workers at meat processing plants have died from COVID-19, and around 5,000 have tested positive, but President Trump invoked an executive order to bar local governments from closing meat plants. We hear from meat plant workers and organizers about conditions during the pandemic and speak with Sindy Benavides, CEO of the League of United Latin American Citizens, which is supporting the workers with a virtual town hall on food worker safety with presumptive Democratic presidential candidate Joe Biden and calling for Meatless May Mondays.

As President Trump starts to reopen the country, Pulitzer Prize-winning science writer Laurie Garrett predicts the pandemic will last at least 36 months. Meanwhile, a top government vaccine specialist says he was forced from his job after he resisted the administration's promotion of untested treatments for COVID-19. Garrett predicted the pandemic. In an extended interview, she discusses what's next.

We look at an incredible story unfolding in Venezuela of a failed coup attempt. Did a former Green Beret mastermind it? Two Americans have been arrested in Venezuela. President Nicolás Maduro claims the U.S. was behind the plot. "It looks like a bad Rambo movie, or a really bad telenovela," says Miguel Tinker Salas, author of "The Enduring Legacy: Oil, Culture, and Society in Venezuela." He notes that "the U.S. is seeking regime change ... and the consequences for Venezuela could be very dire going forward.”

A 56-foot billboard called the Trump Death Clock was unveiled in Times Square in New York City. The tally of lives lost to government inaction was created by filmmaker Eugene Jarecki, who says, "On behalf of all of those who needlessly lost their lives to this failed leadership in a pandemic, we need a symbol, a symbol that cries out not only for accountability, but also for more responsible and responsive stewardship, going forward." As of the Friday morning broadcast, the death toll count was nearly 47,000 and growing.

The two white men caught on camera shooting and killing Ahmaud Arbery, an unarmed 25-year-old African American man, were arrested and charged Thursday with murder. The arrests came two days after video of the attack in February was shared with the public, sparking widespread outrage. Today would have been Arbery's 26th birthday. We speak with civil rights attorney Benjamin Crump, who represents the Arbery family and formerly represented Trayvon Martin.

We look at the deadly disparate impact of the pandemic on African Americans as told through an in-depth story for The New York Times Magazine by writer Linda Villarosa in her new piece, "'A Terrible Price': The Deadly Racial Disparities of Covid-19 in America," that tells what happened to the Zulu club, a Black social organization in New Orleans, during and after Mardi Gras. She reports that the experience is usually a joy, but the coronavirus made it a tragedy.

As more than 40 states begin to reopen, President Trump is downplaying the need for mass COVID-19 testing, even as he himself is now being tested every day for the virus. We speak with emergency physician Dr. Leana Wen, who says, "Widespread testing is so critical. … Why shouldn't this testing be available to all Americans?"

The present update intends to discuss the Advance Ruling given in the case of M/s T & D Electricals. The question placed before the Advance Ruling was the requirement of separate registration for executing works contract in another State and leviability of tax-whether CGST/SGST or IGST if separate r

The present update intends to discuss the recent advance ruling given by AAR Karnataka in the case of M/s T & D Electricals.

Logistics Management Group News Editor Jeff Berman recently caught up with Walter Kemmsies, economist and chief strategist for industrial real estate firm JLL. Their wide-ranging conversation covered various topics, including: the impact of COVID-19 on logistics and supply chain operations, inventory management shifts, and why now is a great time to be in industrial real estate, among others.

Quarterly revenue—at $17.8 billion—headed up $348 million on an annual basis. But, despite the revenue gain, volume declined, falling 2.3% to 34,013 total pieces, and total operating expenses—at $22.3 billion—were up$2.8 billion, or 14.2%.

• Experimental
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Section 115BBE ONE OF THE MOST DANGEROUS SECTION OF THE IT ACT.

My story belongs to Sec 115BBE one of the most dangerous section of the Income Tax Act 1961, and my story belongs to Appeal to Income Tax Applleate Tribunal against an order of CIT appeals.

Actually one of My case lying with an ITO regarding Cash on Demonitisation.
QUESTION NO 1) Should i proceed to ITAT against an order of CIT APPEALS for vacate of any demand arising under section 115BBE or not for a cash on demonitisation case and why ?
QUESTION NO 2) Should i move to CIT APPEALS AGAINST AN ORDER OF ITO for charging of penalty with tax under sec 115BBE during a Cash on demonitisarion case ? or Should i pay the whole amount of tax with fine which an ITO demands with penalty as tax on regular assessment and Why ?
QUESTION NO 3) What is the latest update of Sec 115BBE ?
QUESTION NO 4) Is there any probability of Special Audit during a cash on demonitisation case lying with CIT APPEALS and why ?
QUESTION NO 5 ) Is there any probability of relief of tax, if i move to CIT APPEALS OR EVEN to ITAT for vacate any demand arising out of Cash on demonitisation case Sec 115BBE ?

Disclaimer :- Only A qualified CA & CMA can answer to this query ( based on his/her practical approach ).

Regards

IN OUR CASE, THE CIT(A) ORDER HAS BEEN PASSED ON 17.12.2019 AND ON THE DAY OF 31.01.2020, THE TIME LIMIT FOR ITAT APPEAL IS STILL PENDING. BUT TILL TODAY THE ASSESSEE HAS NOT FILED ANY APPEAL.
CAN THE ASSESSEE OPT FOR VSV SCHEME ? AND IF YES, THEN GUIDE US THE PROCEDURE FOR THAT.

A private limited company wants to issue shares through rights issue. All the shareholders of the Company are Non- Resident.

Can the company issue shares at Face value?
or
The price at which the shares to be issued needs to be determined as per valuation certificate?

Rock band Queen and singer Adam Lambert are raising money for health workers fighting COVID-19 with new single "You Are The Champions", an updated version of classic hit "We Are The Champions" recorded on mobile phones under lockdown.