Taxpayers are finding it difficult to comply with notices on detailed verification of transitional credit claims. Taxpayers are finding it difficult to comply with notices
Month: June 2018
gst: GSTN designing tools for taxmen to analyse data to check evasion – The Economic Times
Many tax payers have got notices for utilising input tax credit (ITC) for payment of most of the GST liability and have been asked to
Government to improve norms for auditors, corporate professionals – The Economic Times
Cost pressures — the pressure of taking on fresh audits in new companies, which require more manpower in the first year — have been telling
Mixed signals – Business Line
The ongoing drive to clean up banking can hurt the economy if it becomes a witchhunt Two developments are simultaneously unfolding in the banking sector:
GST: How a recent CBIC clarification makes life easy for businesses | Business Standard Column
Taxability of moulds and dies Issue There was a general apprehension in the automobile sector (in specific) on the GST implications of moulds and dies transferred free
How to grow GST in year 2: Work on administrative simplicity and reasonable rates to expand tax base to the maximum–25.06.2018
Almost one year back, at the stroke of the midnight hour, India ushered in a new era and awoke to a ‘one country one tax’ regime. The
GST failed to deliver its biggest promise in first year! HSBC explains how cash demand shot up instead – The Financial Express–23.06.2018
A year into implementation, goods and services tax (GST) has not delivered on the promised formalisation of the economy as yet, while the glitches in the
Home Buyers | Bankruptcy Law: Here’s a lifeline for India’s often neglected home buyers–23.06.2018
by Dhirendra Kumar The recognition of home buyers as financial creditors under the bankruptcy law may well turn out to be the most important legal development ever in India’s
Income Tax Returns | How to File ITR | File Income Tax Returns for FY 2017-18 – The Economic Times–23.06.2018
How to file ITR Jun 23, 2018, 09.08 AM IST 64603829.cms.webp6.3 KB How to calculate income from a rented house for tax purpose how-to-fill-the-new-details-r…1.6 KB
GST news: Dabur sues government for denied tax sops under GST – The Economic Times–23.06.2018
DaburNSE -0.12 % has dragged the central and Uttarakhand governments to court for rejecting tax sops for investment in poorer areas promised under the pre-GST tax
Revised ITR: ITAT: Can file revised return after notice issued by Income Tax department – The Economic Times–23.06.2018
A tax benefit claimed by a taxpayer in his revised income-tax return cannot be denied outright by an income-tax (I-T) officer merely because the revised
MSMEs: MSMEs maintain positive credit growth: Report – The Economic Times–23.06.2018
With the impact of GST and demonetisation gradually wearing off, the MSME sector is now expected to grow at a swift pace. The MSME segment
Insolvency process: Alok Industries goes to RIL-JM with big haircut – The Financial Express–23.06.2018
The committee of creditors (CoC) on Friday approved the resolution plan submitted by RIL-JM Financial. Banks have taken a huge 83% haircut on the sale
Insolvency professionals may step down only on health, legal grounds – The Financial Express–23.06.2018
The IBBI has sought public comments after coming out with an discussion paper. ReIterating that regulations under the Insolvency and Bankruptcy Code (IBC) do
Virtual ID: RBI asks banks to tweak systems by June 30 – The Financial Express–23.06.2018
The Reserve Bank of India (RBI) has asked all banks to tweak their systems by June 30 to enable the use of virtual IDs (VIDs)
RBI rate hikes are good for Indian economy, explains JP Morgan’s Jahangir Aziz – The Financial Express–23.06.2018
Loose fiscal and monetary policies pushed India to the brink of crisis in 2013, for which taper tantrum was the trigger, writes JP Morgan’s Jahangir Aziz
Aditya Birla Finance bets on SMEs as it looks to expand to 50 cities | Business Standard News
By the end of July Aditya Birla Finance Limited (ABFL) will be present in 50 cities (Tier I, II and III) across the country, growing from tapping
e-Way bill generation touches 10-crore mark – Business Line–23.06.2018
On Friday, over 80 days after its launch on April 1, e-way bill generation hit the 10-crore mark. “Ten crore e-Way bills in two months
Making India an Export Expert
Exports are the driving force of India’s growth strategy. GoI is coming out with a comprehensive plan to increase the share of global trade to
Want to file your income tax return online? Here’s the first step | business news | Hindustan Times–23.06.2018
With the July 31 deadline for filing annual income tax returns for the assesment year 2018-19 (for financial year 2017-18) approaching, taxpayers have started the
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