Clipped from: https://www.loksatta.com/arthvrutant-news/audit-and-income-tax-act-zws-70-2299055/ लेखापरीक्षण अहवाल वेळेत दाखल न केल्यास मोठा दंड आकारला जाऊ शकतो. प्रवीण देशपांडे करोना संसर्ग आणि टाळेबंदीच्या पार्श्वभूमीवर प्राप्तिकर कायद्यानुसार कराव्या लागणाऱ्या अनुपालनाच्या
Day: October 17, 2020
ITR filing 2019-20: Don’t forget to use two new tax deductions
Clipped from: https://www.businesstoday.in/money/tax/itr-filing-2019-20-dont-forget-to-use-two-new-tax-deductions/story/419174.html I-T filing 2019-20: Since the current tax filing involves the income earned during the financial year 2019-20, you must check all deductions allowed
‘Unauthorised, ill-intentioned’: MSME ministry warns public against ‘MSME Export Promotion Council’
Clipped from: https://www.businesstoday.in/current/economy-politics/unauthorised-ill-intentioned-msme-ministry-warns-public-against-msme-export-promotion-council/story/419242.html The ministry said it is noticed that certain messages are being circulated in media and social media regarding issuance of appointment letter to
Signalling optimism: The Hindu Editorial on RBI holding rates – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/signalling-optimism-the-hindu-editorial-on-rbi-holding-rates/article32828824.ece The RBI has clearly sought to talk up confidence ignoring the risks of inflation The RBI has used its latest monetary policy review to unequivocally
A slim stimulus: The Hindu Editorial on Centre’s fresh move spur demand – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/a-slim-stimulus-the-hindu-editorial-on-centres-fresh-move-spur-demand/article32847452.ece The govt. cannot wait for the pandemic to ease to loosen the purse strings further Finance Minister Nirmala Sitharaman’s fresh set of measures, on
On GST, a breakthrough | HT Editorial – editorials – Hindustan Times
Clipped from: https://www.hindustantimes.com/editorials/on-gst-a-breakthrough-ht-editorial/story-rIQFe9wjPU3Qhn54R96JgL.html The Centre has done well by revising its position. It will help build trust with states Hindustan TimesIndia needs to spend its way
Registering MSMEs could help them access formal credit channels | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/msme-registration-nudge-towards-formalisation-6745455/ The costs of formalisation and compliance are high and onerous in many states in India. In such an ecosystem, there are perverse incentives
bangadesh gdp: विकासाचा ‘बांगला’ मार्ग – the comparison between india and bangladesh per capita gdp | Maharashtra Times
Clipped from: https://maharashtratimes.com/editorial/the-comparison-between-india-and-bangladesh-per-capita-gdp/articleshow/78704463.cms बहुतेक भारतीयांना अमेरिकेबद्दल कमालीचे आकर्षण आहे. अमेरिकेची संपन्नता, तेथील प्रगती, ज्ञान-विज्ञानाच्या आविष्काराला तिथे असलेली संधी, मुक्त समाज यांमुळे आकर्षण निर्माण होणे अस्वाभाविक नाही
Payment of advance does not create lien over supplier’s assets: Expert | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/payment-of-advance-does-not-create-lien-over-supplier-s-assets-expert-120062901438_1.html Your rights arise only from the contract between you and the supplier, say expert In case of any damage to the unfinished work
If the imported goods found defective can be re-exported, says expert | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/if-the-imported-goods-found-defective-can-be-re-exported-says-expert-120071301176_1.html The specific provision under the Customs Act, 1962 is Section 26A that allows refund of import duty if the imported goods are found
If govt does not take immediate fiscal steps, MSMEs will die: Pronab Sen | Business Standard News
Clipped from: https://www.business-standard.com/article/economic-revival/if-govt-does-not-take-immediate-fiscal-steps-msmes-will-die-pronab-sen-120071301608_1.html Sen said that while the lockdown had created supply side shocks, these had transformed into demand side issues now when the lockdown was
MSME margins to shrink on Covid-induced loss of demand: CRISIL SME Tracker | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/msme-margins-to-shrink-on-covid-induced-loss-of-demand-crisil-sme-tracker-120072001262_1.html Long constrained for liquidity, MSMEs now also have to cope with loss of demand, labour shortage, and heightened risk aversion in the financial
CBDT to share depreciation, turnover info of small firms with MSME ministry | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/cbdt-to-share-depreciation-turnover-info-of-small-biz-with-msme-ministry-120072001325_1.html The Central Board of Direct Taxes has signed a memorandum of understanding in this regard with the Ministry of Micro, Small and Medium
Eligibility to prepare e-invoice under GST based on PAN, says expert | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/eligibility-to-prepare-e-invoice-under-gst-based-on-pan-says-expert-120092101238_1.html One have to prepare e-invoice for all your supplies with effect from October 1, 2020, expert suggests Rule 48 (4) of CGST Rules,
Next set of asset quality woes for lenders to come from MSME segment | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/next-set-of-asset-quality-woes-for-lenders-to-come-from-msme-segment-120101401239_1.html Gross NPAs at 12.8 per cent in June are up 140 bps year-on-year, marking the sharpest surge across asset pools Worries over MSME
From arbitration to tax refund, here are the key court orders | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/from-arbitration-to-tax-refund-here-are-the-key-court-orders-120082000062_1.html Though Section 241A of the Income Tax Act allows withholding of refund to an assessee, such action should be based on “justifiable reasons”
From arbitration to pulses importers lose case, here’re key court orders | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/from-arbitration-to-pulses-importers-lose-case-here-re-key-court-orders-120090201780_1.html The Supreme Court ruled last week that the police cannot file FIR or investigate a case of violation of the Drugs and Cosmetics
Stimulus 2.0: Govt measures too little too late; may not move the needle | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/too-little-too-late-120101201541_1.html Minor tinkering and a reluctant increase in expenditure are unlikely to generate demand at a meaningful scale The progressive opening up of the
Growth Will Cure Ills of Monetisation–Economic Times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/growth-will-cure-ills-of-monetisation/ IMF chief economist Gita Gopinath’s advice against RBI monetising the fiscal deficit, citing implications for market confidence and inflation, errs on the side
Banks not willing to lend to small businesses: KVIC to approach finance ministry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/banks-not-willing-to-lend-to-small-businesses-kvic-to-approach-finance-ministry/articleshow/78680137.cmsSynopsis The KVIC has received several complaints about banks not agreeing to lend even to businesses with confirmed government orders. NEW DELHI: The Khadi
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