Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-reduce-penal-interest-payable-on-tax-if-itr-filing-delayed-due-to-glitches-in-site/articleshow/86312350.cmsSynopsis Penal interest is levied at 1 per cent per month or part thereof starting from August 1, 2021. If the self-assessment tax is
Day: September 18, 2021
Zomato, Swiggy to pay GST on restaurants’ behalf. Will your online food ordering bill rise? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/zomato-swiggy-to-pay-gst-on-restaurants-behalf-will-your-online-food-ordering-bill-rise/articleshow/86311045.cmsSynopsis At present, restaurants charge 5% GST without input tax credit, on the supply of services including supply of food and beverages. Meanwhile, food
No GST on petrol, diesel yet, compensation cess till 2026 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-council-no-gst-on-petrol-diesel-yet-compensation-cess-till-2026/articleshow/86301244.cmsSynopsis Finance minister Nirmala Sitharaman highlighted that the cess collected from July 2022 till March 2026 will be used solely for repayment of back-to-back
Insider Trading Violations: The implications of Sebi’s recent rulings – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/insider-trading-violations-the-implications-of-sebis-recent-rulings/2331027/ The regulatory objective of the insider-trading law is outlawing the ‘abuse of UPSI’; Sebi therefore must not bar all trade by a person
Not just a token move: RBI permitting more tokenisation reduces trade-off between security & ease-of-use compulsions in digital payments space – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/not-just-a-token-move-rbi-permitting-more-tokenisation-reduces-trade-off-between-security-ease-of-use-compulsions-in-digital-payments-space/2331030/ Tokenisation is a process of replacing sensitive data with non-sensitive data. In payments cards industry, it is typically used to replace cardholder’s card
Senior citizens above age 65 can open NPS account now – Know the new rules – The Financial Express
lipped from: https://www.financialexpress.com/money/senior-citizens-above-age-65-can-open-nps-account-now-know-the-new-rules/2332867/ For those looking to join NPS after age 65, the objective should not be only to save tax but to create a corpus
Digital Life Certificate submission by pensioners to start from October 1, 2021 – Check details – The Financial Express
Clipped from: https://www.financialexpress.com/money/digital-life-certificate-submission-by-pensioners-to-start-from-october-1-2021-check-details/2332421/ The facility of submission of Life Certificates by the pensioners aged 80 years and above is to be allowed from 1st October 2021
Swiggy, Zomato to collect 5% GST on deliveries, food not to get dearer – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/swiggy-zomato-to-collect-5-gst-on-deliveries-food-not-to-get-dearer/articleshow/86299971.cmsSynopsis Food delivery apps will now be required to collect 5% GST from consumers instead of the restaurant they pick up orders from, Sitharaman
h1b visa: US court abolishes proposed Trump era H-1B wage rule – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/work/us-court-abolishes-proposed-trump-era-h-1b-wage-rule/articleshow/86288257.cmsSynopsis Business groups had complained that this would make it harder for them to hire graduate students as they would not qualify under the
