Clipped from: https://www.thehindubusinessline.com/news/ca-institute-revises-time-limit-for-udin-generation-to-60-days-from-15-days-now/article36536372.ece Nihar Jambusaria, President, ICAI Nihar Jambusaria, President, ICAI× Besides need to align with auditing standards norms, Covid also part of the reason, says
Month: September 2021
Need to ‘Indianise’ legal system to suit our society: CJI – The Hindu
Clipped from: https://www.thehindu.com/news/national/need-to-indianise-legal-system-to-suit-our-society-cji/article36532676.ece?homepage=true Rules and procedures of justice delivery should be made simple, says N.V. Ramana Chief Justice of India N.V. Ramana on Saturday said the
How to reduce penal interest payable on tax if ITR filing delayed due to glitches in site – The Economic Times
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
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
Maharashtra: Fire audits must for housing societies | Pune News – Times of India
Clipped from: https://timesofindia.indiatimes.com/city/pune/fire-audits-must-for-housing-societies/articleshow/69615391.cms Representative imagePUNE: The Maharashtra State Cooperative Housing Federation plans to reach out to the housing societies in the state to ensure that they conduct fire audits through
Ensure those buying liquor are not treated as cattle: Kerala HC to govt | Deccan Herald
Clipped from: https://www.deccanherald.com/national/south/ensure-those-buying-liquor-are-not-treated-as-cattle-kerala-hc-to-govt-1031013.html The court commenced hearing of the matter by referring to a letter sent by a woman, a housewife and mother, from Kottayam Representative
upi: Financial handshake signals swift demise – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/financial-handshake-signals-swift-demise/articleshow/86240656.cmsSynopsis If the linkage between UPI and PayNow is successful, it can be replicated in other countries, leading to network effects, greater trade and
Taxing interest on PF contributions— Soaking the salaried middle class – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/the-cheat-sheet/taxing-interest-on-pf-contributions-soaking-the-salaried-middle-class/article33803410.ece Is the government playing ‘Robin hood’ by taxing interest earned on employees’ contribution to provident fund? What is the loophole that is being
All you wanted know about National Monetisation Pipeline – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-know-about/article36188192.ece There are many who invest in a second home, but cannot stay in it for various reasons. Letting that home out will get
All you wanted to know about vaccine passports – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article36322760.ece As the Covid-19 vaccination drive is gaining momentum, the focus is now to the opening up of the economy including sectors like travel
Well done on telecom, more still possible – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/well-done-on-telecom-more-still-possible/articleshow/86240659.cmsSynopsis It is far better for State-run pension funds to invest a sliver of their corpus in high-risk but high-return subprime debt and, thus,
A new pipeline for infrastructure – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/a-new-pipeline-for-infrastructure/article36480896.ece The National Monetisation Pipeline can be a game changer if it has the support of the stakeholders and regulatory ecosystem Much ink has
View: Why India must grab a bigger share of the global trade pie – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/make-india-ship-again/articleshow/86240686.cmsSynopsis To assess the sustainability of this export boom, and certainly before concluding that this is the dawn of a new regime, a couple
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