Clipped from: https://economictimes.indiatimes.com/nri/invest/nris-try-to-sidestep-deemed-residency-tax/articleshow/81922380.cmsSynopsis These individuals are booking a slice of their income in jurisdictions like Singapore and Hong Kong to pay a small tax there in
Month: April 2021
Small business lender Lendingkart raises new debt funding to disburse loans to 5,000 MSMEs via NBFC arm – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-small-business-lender-lendingkart-raises-new-debt-funding-to-disburse-loans-to-5000-msmes-via-nbfc-arm/2227855/ Credit and Finance for MSMEs: Lendingkart, which has disbursed over 1 lakh loans to more than 91,000 MSMEs so far through its NBFC
Insolvency ordinance: Govt amends Insolvency and Bankruptcy Code, brings in ‘pre-pack’ resolution scheme for MSMEs – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/insolvency-ordinance-govt-amends-insolvency-and-bankruptcy-code-brings-in-pre-pack-resolution-scheme-for-msmes/2227440/ New scheme to yield faster resolution, cut costs and reduce litigation The scheme, where only the debtor will get to trigger the bankruptcy
Mandatory registration of copper, aluminium products import is a welcome move – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/commodities/mandatory-registration-of-copper-aluminium-products-import-is-a-welcome-move/article34246707.ece The process of mandatory registration of import contracts for several copper and aluminium items under the ‘Non-ferrous metal import monitoring system’ has kicked-in
Small businesses: How tax payments will change under QRMP – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/small-businesses-how-tax-payments-will-change-under-qrmp/article34245565.ece The Quarterly Return filing and Monthly Payment of taxes (QRMP) scheme came into force on January 1, 2021, under GST. It is expected
Ordinance to usher in tribunal reforms issued – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ordinance-to-usher-in-tribunal-reforms-issued/article34244695.ece Appellate authorities in 9 laws replaced with High Courts The Centre has replaced Appellate authorities under as many as nine laws with High
Pre-pack insolvency for MSMEs now a reality – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/pre-pack-insolvency-for-msmes-now-a-reality/article34246885.ece Centre issues Ordinance; debt default threshold to be notified The Centre has taken the Ordinance route to introduce pre-packaged insolvency resolution process (pre-pack)
IBC ordinance allows prepack for MSMEs, eases resolution with minimum pain | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ibc-ordinance-allows-prepack-for-msmes-eases-resolution-with-minimum-pain-121040500720_1.html Ordinance is designed to ensure quicker, cost-effective and value maximising outcomes for all stakeholders in a manner that least disrupts their businesses and
Pre-pack problems | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/pre-pack-problems-121040501240_1.html MSME Ordinance violates basic principle of IBC The government has decided that a “pre-packaged” resolution process for micro, small, and medium enterprises (MSMEs)
Ordinance to usher in tribunal reforms issued – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ordinance-to-usher-in-tribunal-reforms-issued/article34244695.ece?homepage=true Appellate authorities in 9 laws replaced with High Courts The Centre has replaced Appellate authorities under as many as nine laws with High
Small businesses: How tax payments will change under QRMP – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/small-businesses-how-tax-payments-will-change-under-qrmp/article34245565.ece The Quarterly Return filing and Monthly Payment of taxes (QRMP) scheme came into force on January 1, 2021, under GST. It is expected
ipo–Primary froth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/primary-froth/article34246799.ece?homepage=true The IPO boom is seeing better quality issuers, but this doesn’t make IPO investing any less risky When a bull market is in
Should interest rates of small savings schemes be cut? Experts are divided on the matter – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/should-interest-rates-of-small-savings-schemes-be-cut-experts-are-divided-on-the-matter/articleshow/81885920.cms SynopsisExperts are divided on whether rate cuts are necessary or not. The government slashed small savings interest rates on 31 March, only to
income tax returns | capital gains: Checking tax evasion: From this financial year, taxman will have direct access to capital gains data – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/taxman-to-access-capital-gains-data-directly-from-fy22/articleshow/81904476.cmsSynopsis A notification issued by the I-T department on March 12 has included stock exchanges, depositories, clearing corporations and registrars to an issue and
Latest round of Covid restrictions has lenders fretting over rising defaults – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/latest-round-of-covid-restrictions-has-lenders-fretting-over-rising-defaults/articleshow/81916226.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Yesterday, Maharashtra, which has seen a resurgence of infections, announced a weekend lockdown starting 8 pm of Fridays to 7 am on Mondays
Swiggy Funding: Swiggy gets $800 million funding at $5 billion valuation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/funding/swiggy-raises-800-million-in-funding-at-5-billion-valuation/articleshow/81914999.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Swiggy’s mammoth fundraising comes at a time when its biggest rival Zomato is firming up plans to launch an IPO some time later
Centre promulgates IBC amendment ordinance to allow pre-packaged insolvency for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/centre-promulgates-ibc-amendment-ordinance-to-allow-pre-packaged-insolvency-for-msmes/articleshow/81909630.cmsSynopsis A pre-packaged resolution essentially translates to a company preparing a restructuring plan with its creditors before initiating insolvency proceedings. This helps to cut
Commerce ministry makes import registration compulsory for host of aluminium, copper products – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/commerce-ministry-makes-import-registration-compulsory-for-host-of-aluminium-copper-products/articleshow/81908490.cmsSynopsis The copper items include blister copper, refined copper, copper bars, certain copper rod, copper alloys and sanitary ware.Similarly, the aluminium products include ingots,
Income tax department introduces JSON utility for AY 2021-22 ITRs, discontinues Excel/Java – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-department-introduces-json-utility-for-ay-2021-22-itrs-discontinues-excel-java/2227254/ In place of the Excel and Java version of ITR utilities, the CBDT has introduced JSON utility and released a step-by-step guide for
India vehicle scrappage policy: How some clarity from government could help carmakers – The Financial Express..
Clipped from: https://www.financialexpress.com/auto/industry/india-vehicle-scrappage-policy-clarity-from-government-could-help-carmakers-end-of-life-scrapyard-salvage-car-bike/2227134/ The vehicle scrappage policy proposed by the government does indeed come with its terms and conditions. While we aren’t privy to these yet,
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