You will now get to know how much insolvency resolution professionals (IRPs) charge as ‘fees’ for their crucial role in the corporate insolvency resolution process
Month: June 2018
GST: Input tax credit: Important for taxpayers to know GST is unlike the previous regime – The Economic Times–22.06.2018
By Archit Gupta Input tax credit under GST has a very well-defined structure and is more comprehensive than the erstwhile indirect taxes. Cross-utilisation of credit between the Integrated
GST: Accommodation services by hotels to SEZ employees is inter-state in nature, attract Nil GST–Economic Times–22.06.2018
Setting aside recent advance ruling by Karnataka Advance Ruling Authority (ARA), the Central Board of Indirect taxes and Customs (CBIC) has stated that services of
No witch-hunt of bankers, please–Economic Times–22.06.2018
If you are a self-proclaimed gangster running operations in Maximum City from a safe haven abroad, you will be the anti-hero of faux film noire.
Economy: Between a rock and a hard place | Business Standard Column
The euphoria over the tag of becoming, once again, the world’s fastest-growing major economy should not lead to complacency. Just as the economy began recovering
Step up the oversight: Bank of Maharashtra scandal is just the latest to cry, banking governance is appalling–Times of India–22.06.2018
Banks have been making headlines for all the wrong reasons. If it is not a fresh surge in the level of bad loans, it is
BoB puts Rs 3,000-cr exposure to NCLT accounts on sale | The Indian Express–22.06.2018
Over the last week, Bank of Baroda (BoB) has put on sale non-performing assets (NPAs) worth Rs 7,655 crore, including its exposures to some accounts
Transmission troubles: on inefficient banking system – The Hindu–21.06.2018
The RBI continues to remain unable to influence the effective lending rates in the economy. In February, in its latest statement of intent to resolve
Bank salvation does not lie in mergers–Economic Times–21.06.2018
Reports say that the government is considering merging four public sector banks (PSBs), Bank of Baroda, IDBI Bank, Oriental Bank and Central Bank, which together
India must gear up for a trade war–Economic Times–21.06.2018
The trade war brewing between the US and practically all others could do serious damage to global growth, if it does actually break out. The
Income Tax: Professional fees is not salary; use ITR-4 to file return u/s 44ADA – The Financial Express–21.06.2018
I am 66 years old and working as a consultant. My salary is paid to me as professional fees which does not exceed `50 lakh
E-way bill: Transporters can now use common enrolment number across multiple States – Business Line–21.06.2018
To help the logistics industry comply with e-way bill requirements with ease, the Finance Ministry has announced new rules for transporters running businesses in multiple
ARCs are not the solution to bad loans mess – Business Line
The government, the Reserve Bank of India and the banks seem to be completely at a loss for ideas to handle the ₹8 lakh-crore of
Over-taxed – Business Line–21.06.2018
The Centre should be looking to prune its tax rates instead of demanding higher pay-outs It is with a sinking feeling that taxpayers must have
Slippery argument: Contrary to what Jaitley suggests, lower fuel tax is both doable and desirable–20.06.2018
Union minister Arun Jaitley defended the current level of central taxes on retail prices of petroleum products by arguing that it raises revenue for growth
Income Tax Returns | How to File ITR | File Income Tax Returns for FY 2017-18 – The Economic Times–20.06.2018
How to file ITR Jun 20, 2018, 06.19 AM IST 64603829.cms.webp6.3 KB received-form-16-what-figures…11.8 KB Received Form 16? What figures to check and where which-itr-form-applies-to-you…2.0 KB
Probe into 80,000 shell firms hits dead end as govt fails to trace PANs | Business Standard News–20.06.2018
The probe into 80,000 shell companies struck off by the Registrar of Companies (RoC) in the first lot has hit a dead end. The government had not been able to trace
One country, one GST, lots of confusion – Business Line–20.06.2018
What happens when two units of the Authorities of Advance Ruling (AAR) hold divergent views on whether cess can be transitional under Goods and Services
Interview with CBIC chairman: ‘70-80 per cent GST issues resolved, revenue buoyancy likely soon’ | The Indian Express–20.06.2018
Central Board of Indirect Taxes and Customs (CBIC) Chairman Vanaja N Sarna. Terming her 15-month term as challenging, Central Board of Indirect Taxes and Customs
Subhash Chandra Garg: CAD at 2.5 per cent of GDP not a worry, govt has the tools | The Indian Express–20.06.2018
Economic Affairs secretary Subhash Chandra Garg on Tuesday said that current account deficit (CAD) in the range of 2-2.5 per cent of Gross Domestic Product
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