Auto companies cut prices after the rollout of the goods and services tax (GST) on July 1, but Maharashtra raised the onetime registration levy for
Day: July 10, 2017
Oilmin to Finmin: Allow input tax credit on five products – The Economic Times–10.07.2017
Oil ministry has urged finance ministry to put in place a temporary system to allow oil companies to claim input tax credit until crude oil,
How to calculate capital gains and tax liability on inherited property–10.07.2017
The LTCG shall be computed as the difference between net sale proceeds and indexation cost of acquisition. Shobhana has inherited a non-agricultural plot worth Rs
GST basics: 7 misconceptions cleared–Economic Times–10.07.2017
GST only subsumes central and state taxes and the levies charged by local bodies are still outside its ambit. The rumour mills have gone on
Why your parents should create a will–Economic Times–10.07.2017
There are various companies that provide online services for making a will for a nominal fee. Given below are some important things you and your
Financial decisions your parents should take in their old age–Economic Times–10.07.2017
This is the first and most crucial step since the death certificate will be required at all the financial institutions. Goodbyes are the hardest when
Unfinished agenda of rolling out GST–Economic Times–10.07.2017
A major tax reform such as the goods and services tax (GST) is bound to have teething problems. This was fully anticipated and taxmen at
The world moves on, sans US leadership–Economic Times–10.07.2017
The G20 process was initiated with American leadership, when President George Bush convened the first gathering of the world’s 20 largest economies, following the outbreak
GST: What is the way out for a small manufacturer under new tax regime | Business Standard News–10.07.2017
One of our firms is exclusively engaged in merchanting trade/third-country exports. We source products from Taiwan and Thailand and supply it to customers in Africa,
A GST that could get better with time–Business Standard–10.07.2017
Much to the government’s relief, the first few days after the roll-out of the goods and services tax (GST) have seen very little disruption in
The buy side in bankruptcy process–Business Standard–10.07.2017
The main focus of the Indian bankruptcy reform has been on the sell side: On creating conditions where lenders eject shareholders and put a firm
Demonetisation, GST: Will small traders lose their ardour for the BJP? | Business Standard News–10.07.2017
Small shopkeepers Steadfast supporters of the Bharatiya Janata Party, Small traders have been bitten twice by its government in quick succession. In November, demonetisation sent
RBI’s steps on frauds will help customers Business Standard News–10.07.2017
Guilty until proven innocent’ — this was the situation that bank customers found themselves in when they reported any fraud. The Reserve Bank of India
More complications in filing income tax returns–Business Standard–10.07.2017
Until recently, a person didn’t need to file a return if his taxable income was below Rs 2.5 lakh. But this year onwards, it doesn’t
No leader needed | Business Standard Editorials–10.07.2017
The leaders of the G20 group of nations met in the German port city of Hamburg this weekend, and while elements of the summit were
Courting irrelevance | Business Standard Editorials–10.07.2017
The Supreme Court has chosen to uphold Chandigarh’s decision to denotify local and state highways and turn them into district roads. The city administration’s decision
Bad loans: The bungling and farce continues | Business Standard Column–10.07.2017
Just over a year ago in mid-May 2016 I had written a column pointing basic flaws in the new architecture set up to handle bad
GST: Storm clouds and some bright spots–Business Standard–10.07.2017
The goods and services tax (GST) roll-out has gone reasonably smoothly in the first week and the market is optimistic that the initial confusion will
Despite global output surplus, chronic food shortage a reality for millions | Business Standard Blog–10.07.2017
The world today again stands on the precipice of a global humanitarian disaster. Despite a surplus in global food production, chronic food insecurity is a
aniltikotekar4sme.com 