Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/to-strengthen-treds-factoring-amendment-bill-passed-by-lok-sabha/articleshow/84783038.cmsSynopsis Finance minister Nirmala Sitharaman said that the government had also accepted the recommendations by the Standing Committee which had looked into the Bill
Month: July 2021
NSIC’s credit assistance to MSMEs for raw material procurement jumps 10% to over Rs 65 crore in FY21 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-nsics-credit-assistance-to-msmes-for-raw-material-procurement-jumps-10-to-over-rs-65-crore-in-fy21/2298603/ Credit and Finance for MSMEs: Karnataka led the state-wise assistance under the RMA scheme in FY21 with Rs 26.81 crore provided to SC/ST
The impact of unsold inventory on real estate – The Financial Express
Clipped from: https://www.financialexpress.com/money/the-impact-of-unsold-inventory-on-real-estate/2298530/ Inventory overhangs don’t just impact the developers’ profitability; they have other cascading effects as well. Ultimately, unsold inventory has a deep-seated impact on
Recurring Deposit Tax Exemption: I have a monthly recurring deposit of Rs 20,000. Will I have to pay income tax annually? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/i-have-a-monthly-recurring-deposit-of-rs-20000-will-i-have-to-pay-income-tax-annually/articleshow/84757434.cmsSynopsis There is an option available to offer interest income for tax on accrual basis or receipt basis, at the discretion of the assessee.
NPS investment: I am 58 years old and want to invest in NPS Tier 1 for tax reasons. Can I do so at this age? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/i-am-58-years-old-and-want-to-invest-in-nps-tier-1-for-tax-reasons-can-i-do-so-at-this-age/articleshow/84169584.cmsSynopsis If the total pension corpus is less than or equal to Rs 5 lakh, you can process a 100% withdrawal, and there is
ITR filing: How banks, mutual funds and companies will check if you have filed ITR – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-banks-mutual-funds-and-companies-will-check-if-you-have-filed-itr/articleshow/84057122.cmsSynopsis Deductors of TDS/TCS like banks, mutual fund houses etc can now check if you have filed ITR when your income crosses the TDS
What are income tax benefits available on donations made? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-are-income-tax-benefits-available-on-donations-made/articleshow/84087217.cmsSynopsis Donations made to help people tide over the covid-19 pandemic can help you save income tax as well. Here is a look at
Back to old normal: Pharma industry returns to pre-pandemic growth level | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/pharma-market-normalizes-to-pre-pandemic-growth-121072700694_1.html In this first instalment of a five-part series on how some of the defining numbers in key sectors are springing back to the
SME Chatroom: Destruction of goods warrants reversal of input tax credit | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/sme-chatroom-destruction-of-goods-warrants-reversal-of-input-tax-credit-121072601028_1.html Submit copies of correspondence with the buyer to the bank explaining the reasons for the inward remittance Since you are getting payment against
Decoded: What is prepackaged insolvency resolution & how does process work? | Business Standard News
Clipped from: https://www.business-standard.com/article/specials/decoded-what-is-prepackaged-insolvency-resolution-how-does-process-work-121072701762_1.html The prepackage process for resolution has been popular in Europe and the US over the past decade To be eligible, a company must
A quick look into Sebi’s fresh push to crackdown on insider trading | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/a-quick-look-into-sebi-s-fresh-push-to-crackdown-on-insider-trading-121072701358_1.html The market regulator recently raised the reward for providing credible information that leads to prosecution from Rs 1 crore to Rs 10 crore
Sebi asks for ultimate beneficial owners’ information in Adani firms | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-asks-for-ultimate-beneficial-owners-information-in-adani-firms-121072800007_1.html The custodians are directed to provide information in 15 days Securities and Exchange Board of India The Securities and Exchange Board of India (Sebi) has
Insolvency pre-packs good for small firms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/insolvency-pre-packs-good-for-small-firms/articleshow/84801682.cmsSynopsis Regulation should be light-touch, however, and pre-packs should cover larger companies. The government’s move to amend the insolvency law to allow pre-packaged insolvency resolution plans
GST e-way bill generation gathers momentum in July – The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-e-way-bill-generation-gathers-momentum-in-july/2298183/ Average daily e-way bill generation was 20.2 lakh in the week ended July 25, compared with 20.4 lakh in preceding week and 19.24
Nearly Rs 49,000 crore lying unclaimed with banks, insurers: Karad – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/nearly-rs-49000-crore-lying-unclaimed-with-banks-insurers-karad/articleshow/84791075.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Giving the details in a written reply, the minister said as per information received from the Reserve Bank of India (RBI), the total
UP’s draft population bill has an ableism problem | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/ups-draft-population-bill-population-control-7423718/ Apart from its coercive approach to population control, it plays into the widely prevalent notion of the disabled as a burden. UP Chief
Financial auditors, technical experts roped in for probe into porn racket case | Mumbai news
Clipped from: https://indianexpress.com/article/cities/mumbai/raj-kundra-porn-racket-hotshots-app-shilpa-shetty-7423734/ The police are hoping financial auditors will be able to track the money flow leading to and from Kundra’s account, who they believe
Why privacy protection alone won’t help against illegal surveillance | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/illegal-surveillance-privacy-protection-pegasus-attacks-democracy-7423715/ Sophisticated surveillance attempts like Pegasus, which bypass data protection architecture and regulatory oversight, must be met with public outrage, which can only emerge
Honestly, a new code: Salaried taxpayers bear disproportionate burden. GoI must find ways to make evaders pay
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/honestly-a-new-code-salaried-taxpayers-bear-disproportionate-burden-goi-must-find-ways-to-make-evaders-pay/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Rationalise Customs duty | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rationalise-customs-duty-121072700009_1.html Besides removing exemptions, overall simplification is necessary In the 2021 Union Budget earlier this year, Union Finance Minister Nirmala Sitharaman announced that hundreds of exemptions
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