Clipped from: https://www.businesstoday.in/current/economy-politics/income-tax-department-launches-offline-utility-for-itr-1-4/story/435789.html Taxpayers can import and pre-fill the data from e-filing portal and can also fill the remaining data. Since the facility to upload income
Month: April 2021
Gung-ho on pay-as-you-use motor insurance policy? Think twice–BUSINESS TODAY
Clipped from: https://www.businesstoday.in/money/insurance/gung-ho-on-pay-as-you-use-motor-insurance-policy-think-twice/story/435783.html Digit Insurance, ICICI Lombard General Insurance, Edelweiss General Insurance, Bharti Axa General Insurance, TATA AIG General Insurance and Bajaj Allianz General Insurance, etc
Government amends insolvency law; introduces pre-packaged resolution process for MSMEs | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/banking-and-finance/government-amends-insolvency-law-introduces-pre-packaged-resolution-process-for-msmes-7259484/ An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification. As per the ordinance,
Limited e-invoicing window a worry for small and medium companies | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/limited-e-invoicing-window-a-worry-for-small-and-medium-companies-121032900007_1.html The e-invoicing system was first made mandatory for entities with a turnover of Rs 500 crore and above and later extended to businesses
Fresh risk to economy | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/fresh-risk-to-economy-121040400923_1.html Govt should avoid the mistakes of 2020 The latest tax collection data suggests the final fiscal deficit number for 2020-21 will be lower than the revised estimate.
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)
RBI’s multiple challenges | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-multiple-challenges-121040501244_1.html Attaining different objectives could become more difficult The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is meeting this week for the first time
Govt brings ordinance to introduce pre-packaged debt resolution for MSMEs | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-amends-insolvency-law-introduces-pre-packaged-resolution-for-msmes-121040500380_1.html The latest move comes less than two weeks after the suspension of certain IBC provisions ended The government has amended the insolvency law
IBC prevails over SARFAESI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/ibc-prevails-over-sarfaesi/article34239316.ece The IBC is intended to put the debtor back on its feet, not merely to enable recovery of the dues by the creditors.
Law and language – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/law-and-language/article34239308.ece Since our laws are drafted in the English language, the grammar of the language comes into play a lot. The bill of entry
GST to be levied on underlying goods/services in gift vouchers: AAAR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/gst-to-be-levied-on-underlying-goodsservices-in-gift-vouchers-aaar/article34236750.ece?homepage=true Says GST law recognises vouchers as an instrument of consideration (non-monetary form) for future supply Clearing the air over taxability of gift cards
In relief to micro-enterprises, ICAI softens accounting standards blow – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/in-relief-to-micro-enterprises-icai-softens-accounting-standards-blow/article34239244.ece?homepage=true A special category has been created The Institute of Chartered Accountants of India (ICAI) has exempted micro-enterprises from the adoption of certain accounting
Now, a pre-packaged insolvency process for MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/now-in-india-a-pre-packaged-insolvency-process-for-msmes/article34242211.ece?homepage=true Centre issues ordinance to introduce pre-packaged insolvency for corporates classified as MSMEs The Centre has used the Ordinance route to introduce pre-packaged insolvency
Signs of the times: Digital document verifications accelerate amid Covid-19 | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/signs-of-the-times-digital-document-verifications-accelerate-amid-covid-19-121040400912_1.html The use of digital signatures and online verification of documents has touched a new high after the onset of the pandemic The Covid-19
Fresh risk to economy | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/fresh-risk-to-economy-121040400923_1.html Govt should avoid the mistakes of 2020 The latest tax collection data suggests the final fiscal deficit number for 2020-21 will be lower than the revised estimate.
IndusInd Bank: With the balance sheet stabilising, focus shifts to growth | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/indusind-bank-with-the-balance-sheet-stabilizing-focus-shifts-to-growth-121040400807_1.html Street’s apprehension on asset quality and ability to regain footing on deposits has been arrested Provisions as a proportion of total loans stood
ByteDance says India’s freeze on bank accounts is harassment: Court filing | Business Standard News
lipped from: https://www.business-standard.com/article/current-affairs/bytedance-says-india-s-freeze-on-bank-accounts-is-harassment-court-filing-121040400476_1.html Beijing has repeatedly criticised India over that ban and those of other Chinese apps Photo: Reuters China’s ByteDance has told an Indian court that a
Decade on, wait for a roof still far cry for Jaypee Infratech homebuyers | Business Standard News
lipped from: https://www.business-standard.com/article/pf/decade-on-wait-for-a-roof-still-far-cry-for-jaypee-infratech-homebuyers-121040400958_1.html Apex court has sent case back to lenders, allowing previous two bidders to furnish revised plan According to a report by the Interim
Primary focus on scaling up existing units: M&M MD & CEO Anish Shah | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/primary-focus-on-scaling-up-existing-units-m-m-md-ceo-anish-shah-121040400936_1.html Anish Shah says the exercise of exiting loss-making international subsidiaries is almost done Anish Shah, Managing Director and CEO, Mahindra and Mahindra Anish
Defying the Covid-19 pandemic: Buoyant exports of ‘core’ products signal trade edge – The Financial Express
Clipped from: https://www.financialexpress.com/economy/defying-the-covid-19-pandemic-buoyant-exports-of-core-products-signal-trade-edge/2226796/ India’s exports of ‘core’ products, or goods excluding petroleum and gems & jewellery, have accelerated at a quicker pace than that of overall
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