Clipped from: https://www.mondaq.com/india/income-tax/1035508/income-escaping-assessment-a-revamped-law-on-reassessment-proceedings As the dust settles and the excitement subsides over Budget 2021 announcements, it is now an opportune time to examine the fine print
Day: March 26, 2021
How Budget 2021 has reduced taxpayers’ rights – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/how-budget-2021-has-reduced-taxpayers-rights/2215634/ The decision to abruptly replace two quasi-judicial authorities (the Income-Tax Settlement Commission and the Authority for Advance Rulings) with administrative Boards negatively impacts
Soft-touch regulation for digital lending – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/soft-touch-regulation-for-digital-lending/2215702/ A data protection law could help, as also formally recognising industry efforts to certify genuine platforms Similarly, on the data protection aspect, a
Supreme Court does well to shut out unscrupulous promoters – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/supreme-court-does-well-to-shut-out-unscrupulous-promoters/2215706/ While the IBC rules out such promoters trying to retain control, some tried a comeback via the Companies Act Given how errant promoters
Secured loans may help you tackle tighter credit norms, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/secured-loans-may-help-you-tackle-tighter-credit-norms-say-experts-121031801652_1.html Presence of collateral allows lenders to relax their criteria while sanctioning of these loans “The stress is especially high in personal loans given
GST cut needed to make the scrappage policy work – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/gst-cut-needed-to-make-the-scrappage-policy-work/2216408/ Given the impact on the environment, both the Centre & states must help encourage users to scrap their vehicles Gadkari has said that
New FDI route through NRIs? – The Financial Express
Clipped from: https://www.financialexpress.com/economy/dpiit-note-new-fdi-route-through-nris/2216382/ A senior government official told FE that the new notification is essentially a clarification to make it more explicit and clear any doubt.
MCA sets annual remuneration limits for firms in red – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/mca-sets-annual-remuneration-limits-for-firms-in-red/article34111464.ece The limits also apply to independent directors of public firms; move seen benefitting start-ups, unicorns Public companies can now remunerate their non-executive directors,
Solar sector needs the right policy push – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/solar-sector-needs-the-right-policy-push/article34111014.ece India’s solar sector is heavily dependent on imports currently. – Getty Images/iStockphoto India’s solar sector is heavily dependent on imports currently. – Getty
Scrappage policy will have revolutionary impact: Renault India CEO – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/scrappage-policy-will-have-revolutionary-impact-renault-india-ceo/article34106146.ece Will elevate auto manufacturing in India to global standards The announcement of a scrappage policy by the Central government is indeed a historic
‘Electric cars are the future’ but dealers find it tough to sell – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/auto-focus/electric-cars-are-the-future-but-dealers-find-it-tough-to-sell/article34106787.ece Dealers grapple with consumers’ concerns over charging infrastructure and mileage Even as Puneet Dutt, a Noida-based MG Motors dealer, admits with a sigh
The engine of financial inclusion needs the oil of financial literacy to move the economy forward: Kunal Shah – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/et-evoke/the-engine-of-financial-inclusion-needs-the-oil-of-financial-literacy-to-move-the-economy-forward-kunal-shah/articleshow/81593898.cms Synopsis–Writing in ET Evoke, Kunal Shah discusses why it is essential for India’s national growth to empower every citizen with education about money:
NCLT expected to witness surge in insolvency cases – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/nclt-expected-to-witness-surge-in-insolvency-cases/articleshow/81591411.cmsSynopsis The Ministry of Corporate Affairs will unlikely extend the one-off relaxation next week with India fast regaining business normalcy and ranking among the
Loss-making cos can now pay remuneration to non-executive directors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/loss-making-cos-can-now-pay-remuneration-to-non-executive-directors/articleshow/81590650.cmsSynopsis The remuneration limits will be one-fifth of the total amount that can be given to managerial persons or executive directors, according to a
MCA permits remuneration to independent directors in case of loss made by companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mca-permits-remuneration-to-independent-directors-in-case-of-loss-made-by-companies/articleshow/81588634.cmsSynopsis Amending schedule V of the Act, the MCA also prescribed limits on such remuneration based on the effective capital of the firm, which
Buyer entitled to a refund upon delay | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/buyer-entitled-to-refund-upon-delay-121032100766_1.html The purchaser can’t be made to wait endlessly just because the builder fails to fulfil his contractual obligation to obtain the Occupancy Certificate
Piramal Capital reduces share of short-term borrowings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/piramal-capital-reduces-share-of-short-term-borrowings/articleshow/81637771.cmsSynopsis Short term borrowings now form just about 15-20 percent of total borrowings of the financial services business under Piramal Enterprises, compared with 60-70
Changes in tax norms on slump sale deals may lead to litigation for firms | Business Standard News
lipped from: https://www.business-standard.com/article/companies/changes-in-tax-norms-on-slump-sale-deals-may-lead-to-litigation-for-firms-121032500988_1.html Changes will impact several M&A transactions, including internal restructuring by companies which were signed since April 2020. Tax computation will not include goodwill
DFI goes back to the future: Will changes boost infra funding in India? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/dfi-goes-back-to-the-future-will-changes-boost-infra-funding-in-india-121032501407_1.html The Bill suggests that the government has learned from past mistake The DFI will get government guarantees for its repayment, and support through
Solar project companies queue up to cash in on pre-duty benefits | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/solar-project-companies-queue-up-to-cash-in-on-pre-duty-benefits-121032501459_1.html For a project bid in March, import of panels would take place between June and July 2021 Sector analysts expect basic Customs duty
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