Clipped from: https://www.thehindubusinessline.com/opinion/auditing-the-auditors-a-case-of-too-many-cooks/article34975935.ece The NFRA was set up as a super regulator for the auditing profession. It needs more resources and legal teeth to be effective
Month: June 2021
RBI’s heavy lifting helping govt borrow at lower cost – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbis-heavy-lifting-helping-govt-borrow-at-lower-cost/article34976490.ece Same trend continues this fiscal too, say experts The Reserve Bank of India (RBI) had clearly saved the day for the government in
‘Gain from jaggery making not agri income’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/gain-from-jaggery-making-not-agri-income/article34971983.ece Madras HC says conversion to jagger not essential to make cane marketable Profit from the sale of jaggery is not agricultural income. Hence,
SEBI mulls new norms to make it easier for companies to delist after open offer – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-mulls-new-norms-to-make-it-easier-for-companies-to-delist-after-open-offer/article34977208.ece Here the acquirer must state in the first public announcement, triggered by the mandatory tender offer, whether delisting is intended In a bid
Will India’s central bank go the Fed’s way on monetary policy? – The Economic Times
Clipped from: https://www.thehindu.com/business/Economy/financial-aid-sought-for-treatment-costs-also-exempt-from-income-tax/article34973930.ece Financial aid sought for treatment costs also exempt from income tax. The government on Friday announced Income tax relief for COVID-19 affected taxpayers
In relief to taxpayers, govt announces extension of compliance deadlines | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/in-relief-to-taxpayers-govt-announces-extension-of-compliance-deadlines-121062501274_1.html PAN-Aadhar linkage deadline is extended by another 3 months till Sept 30; payment without interest under dispute-resolution scheme is extended by 2 months
Planning to claim ITC? Here’s how you can do it – The Financial Express
Clipped from: https://www.financialexpress.com/money/planning-to-claim-itc-heres-how-you-can-do-it/2278400/ While claiming ITC in GSTR-3B, one should possess the required documents and consider GSTR-2B, provisional ITC rules, rule 86B. Simply put, ITC is
Post DHFL acquisition, PEL better placed to work on demerger plans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/post-dhfl-acquisition-pel-better-placed-to-work-on-demerger-plans/article34962376.ece?homepage=true Demerger and eventual listing of its financial services and pharma businesses in the works Upbeat about prospects in the current fiscal, Piramal Enterprises
Wadhawan plans to challenge NCLT nod to Piramal’s resolution plan for DHFL – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/wadhawan-plans-to-challenge-nclt-nod-to-piramals-resolution-plan-for-dhfl/article34972615.ece?homepage=true Move could delay full resolution of the housing finance firm Kapil Wadhawan, former promoter of Dewan Housing Finance Corporation Ltd (DHFL), plans to
Tax department doesn’t think sanitiser companies’ accounts are clean – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/tax-department-doesnt-think-sanitiser-comapanies-accounts-are-cean/articleshow/83828856.cmsSynopsis Pharmaceutical companies say sanitisers are medicaments, while the taxman considers them disinfectants. The indirect tax department’s investigation arm, Director General of GST Intelligence
form 16: Deadline to issue Form 16 extended to July 31, more time to save capital gains tax on property – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/deadline-to-issue-form-16-extended-to-july-31-more-time-to-save-capital-gains-tax-on-property/articleshow/83843128.cmsSynopsis Form 16 contains important information required by a salaried employee for filing ITR. The TDS certificate contains all the information related to salary
COVID-19 relief up to ₹10 lakh for victims’ families tax-free – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/financial-aid-sought-for-treatment-costs-also-exempt-from-income-tax/article34973930.ece Financial aid sought for treatment costs also exempt from income tax. The government on Friday announced Income tax relief for COVID-19 affected taxpayers
We see rupee devaluing as exports become priority: JM Financial’s Manglunia | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/we-see-rupee-devaluing-as-exports-become-priority-jm-financial-s-manglunia-121062401704_1.html Manglunia tells Puneet Wadhwa that based on risk appetite, there is a lot of value in select names in ‘AA’ category and below,
MCA lightens the corporate reporting burden for more Small and Medium Companies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/mca-lightens-the-corporate-reporting-burden-for-more-small-and-medium-companies/article34938032.ece Widens definition of such companies to enable more to adopt simpler accounting standards The Corporate Affairs Ministry (MCA) has lightened the burden of
‘Covid stimulus measures have not reached a majority of self-employed and small units’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/covid-stimulus-measures-have-not-reached-a-majority-of-self-employed-and-small-units/article34954667.ece CIA and its 40 partner SMB associations release findings of ‘A Mega Survey’ A majority of small businesses have not benefited from the
Headless NCLT awaits reforms to speed up resolution of pending cases | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/headless-nclt-awaits-reforms-to-speed-up-resolution-of-pending-cases-121062500038_1.html Over 20K cases pending and more than half linked to insolvency, bankruptcy Experts said NCLT had a sanctioned strength of 63 members just
Lessons from China on bad banks | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/india-bad-bank-national-asset-reconstruction-company-china-7374608/ Such a bank has a temporary purpose, and need not exist in perpetuity. China is struggling with one of its biggest bad banks,
Kapol Co-op bank takes first step towards amalgamation with Pune-based Cosmos Bank – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/kapol-co-op-bank-takes-first-step-towards-amalgamation-with-pune-based-cosmos-bank/article34953208.ece?homepage=true Cosmos has acquired five UCBs Action is hotting up in the urban co-operative banking (UCB) space, with Mumbai-based Kapol Co-operative Bank taking its
Surveillance of high-frequency data over next six weeks crucial, says Sanjeev Sanyal – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/surveillance-of-high-frequency-data-over-next-six-weeks-crucial-says-sanjeev-sanyal/article34954702.ece?homepage=true ‘This will determine if intervention is required to support the economy’ Data over the next six weeks could determine whether further intervention is
Question of value – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/preferential-issues-by-stressed-companies-need-to-be-priced-with-more-rigour/article34954328.ece?homepage=true Preferential issues by stressed companies need to be priced with more rigour The last word has not yet been said in PNB Housing
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