Clipped from: https://taxguru.in/income-tax/cash-transaction-income-tax-act-1961.html A. Income Tax Act, 1961 discourages transactions in cash through several of its provisions. This is done with a view to- counteracting money
Day: April 11, 2021
The Principle Of “As Is Where Is” And “As Is What Is Basis” In Relation To Secured Assets Purchased In Public Auction Under Sarfaesi Act,2002-IndiaLaw LLP Blog–
Clipped from: https://www.indialaw.in/blog/blog/banking-and-finance/the-principle-of-as-is-where-is-and-as-is-what-is-basis-in-relation-to-secured-assets-purchased-in-public-auction-under-sarfaesi-act2002/ INTRODUCTION As the Legal frame work and mechanism for curtailing and controlling mounting Non- Performing Assets (“NPA”) has become inadequate and outdated which
Mr. Mandava Krishna Chaitanya vs Uco Bank, Asset Management Branch on 21 February, 2018–indian kanoon
Clipped from: https://indiankanoon.org/doc/52706974/Andhra High Court *THE HONBLE SRI JUSTICE SANJAY KUMAR AND THE HONBLE SRI JUSTICE P.KESHAVA RAO WRIT PETITION NO.39084 OF 2017 21-02-2018 Mr. Mandava
Royal Star Trading Company vs Ifci Limited & Anr on 10 September, 2014–indian kanoon
Clipped from: https://indiankanoon.org/doc/107658231/Delhi High Court THE HIGH COURT OF DELHI AT NEW DELHI % Judgment delivered on: 10.09.2014 + W.P.(C) 2005/2012 & CM No.16665/2013 ROYAL STAR
The Concept Of “As-Is Where-Is” And “As-Is What-Is” A Secured Creditor’s Point Of Responsibility? – Finance and Banking – India
Clipped from: https://www.mondaq.com/india/securitization-structured-finance/1044610/the-concept-of-as-is-where-is-and-as-is-what-is-a-secured-creditor39s-point-of-responsibility Introduction As the legal framework for curtailing and controlling mounting Non-Performing Assets (“NPA“) started becoming inadequate, there was a spike in the number
With interoperability of Pre-Paid Instruments, limit hike, your mobile wallet would function as a bank – The Financial Express
Clipped from: https://www.financialexpress.com/money/with-interoperability-of-pre-paid-instruments-limit-hike-your-mobile-wallet-would-function-as-a-bank/2230248/ Soon you may not even need your bank’s mobile banking app or net banking account to transfer money and to do many other
SCAMMED! What are the warning signs and how to stay clear of online scams – The Financial Express
Clipped from: https://www.financialexpress.com/money/scammed-what-are-the-warning-signs-and-how-to-stay-clear-of-online-scams/2230291/ In a bid to avail the best deals and discounts, consumers often unknowingly expose themselves to risks by venturing on malicious websites, where
Net direct tax mop up exceeds revised estimates at Rs 9.45 lakh crore in FY21 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/indias-income-tax-receipts-surpass-revised-budget-target-for-2020/21-official/articleshow/81983940.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “Net direct tax collections for the financial year 2020/21 have shown an upswing, despite the inherent challenges brought on by the COVID-19 pandemic,”
Bankers, realtors hail RBI’s move to maintain accommodative policy stance – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/bankers-realtors-hail-rbis-move-to-maintain-accommodative-policy-stance/articleshow/81983298.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “The RBI’s accommodative stance to keep the key rates unchanged will be instrumental to achieve sustainable growth of the economy and can be
As lockdown bites, transporters brace for revenue loss of $2.4 billion – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/roadways/as-lockdown-bites-transporters-brace-for-revenue-loss-of-2-4-billion/articleshow/81980398.cms Truck rentals, which were firming up on improving trade, are also set to fall 6-8% in April, said the Indian Foundation for Transport
No waiting period! Now have day 1 coverage for pre-existing diseases–business today
lipped from: https://www.businesstoday.in/money/insurance/no-waiting-period-now-have-day-1-coverage-for-pre-existing-diseases/story/431790.html The option to reduce waiting period existed earlier also in some health plans, but what has changed now is the affordability factor and
Health insurance with Rs 1 crore cover sees 35% growth amid Covid-19 fear–business today
Clipped from: https://www.businesstoday.in/money/insurance/health-insurance-with-rs-1-crore-cover-sees-35-growth-amid-covid-19-fear/story/436212.html Data available from Policybazaar shows the penetration of such policies has grown from 2 per cent to 35 per cent between 2019 and
SC order on NPA reclassification: Key metrics bank depositors should track now – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/key-metrics-bank-depositors-should-track-now/article34231784.ece Banks will revert to old NPA reporting format, which may impact their financials Not only did the pandemic raise the business risks of
6 start-ups join unicorn club this week; 150 likely by 2025, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/6-start-ups-join-unicorn-club-this-week-150-likely-by-2025-say-experts-121041000075_1.html The pandemic is expected to accelerate big-ticket venture capital, private equity as well as consolidation related deals in unicorns and soonicorns in the
No backdate entries, recovery cases, more return filing, others help tax officers to up GST collection – The Financial Express
Clipped from: https://www.financialexpress.com/economy/revenue-mobilisation-no-backdate-entries-recovery-cases-more-return-filing-others-help-tax-officers-to-up-gst-collection/2230684/ Every taxpayer in India spends a good deal of time and money in undertaking tax compliance and procedures, still the fear of departmental
TDS on cumulative FDs: Your money loss is more than the tax deducted – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/tds-on-cumulative-fds-your-money-loss-is-more-than-the-tax-deducted/articleshow/81926103.cmsSynopsis If TDS is deducted from the interest earned on a cumulative FD in a given financial year, the FD not only loses the
Policies that increase competition between banks can improve the lending standards of PSBs–THE ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-policies-that-increase-competition-between-banks-can-improve-the-lending-standards-of-psbs/articleshow/81955959.cms Synopsis–IF PSBs can reduce bad loans, and offer better deals to their good clients out of fear of losing them to the private
MCA moves NCLT against former management of CG Power – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/power/mca-moves-nclt-against-former-mgmt-of-cg-power/articleshow/82009037.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In 2019, the board of CG Power & Industrial Solutions had to restate its earnings after finding suspected fraudulent transactions by its chairman
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