Clipped from: https://www.thehindubusinessline.com/news/insolvency-cases-after-missed-timelines-in-2021-process-likely-to-speed-up-with-improved-infrastructure/article38077868.ece NCLT and NCLAT continued to grapple with lack of resources in terms of vacant positions of judges and poor infrastructure The insolvency resolution
Month: January 2022
GST Council defers rate hike in textiles, refers issues to ministers group | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-council-defers-rate-hike-in-textiles-refers-issues-to-ministers-group-121123100770_1.html ‘We will retain the status quo’, says Finance Minister Nirmala Sitharaman after emergency meeting in Delhi. Union Finance Minister Nirmala Sitharaman The Goods
Sebi slaps fine of Rs 1.1 cr on 22 entities in illiquid stock options case | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-slaps-fine-of-rs-1-1-cr-on-22-entities-in-illiquid-stock-options-case-121123101016_1.html The Securities and Exchange Board of India (Sebi) observed large scale reversal of trades in stock options segment of BSE File photo: PTI
Ujjivan Small Finance Bank raises interest rates on FDs of up to Rs 2 cr | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ujjivan-small-finance-bank-raises-interest-rates-on-fds-of-up-to-rs-2-cr-121123101010_1.html Customers of Ujjivan Small Finance Bank (SFB) can now earn as much as 6.75-7.50 per cent interest on their fixed deposits of up to Rs
India’s current account slips into deficit in second quarter | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-s-current-account-slips-into-deficit-in-second-quarter-121123100993_1.html Net services receipts decreased marginally over the preceding quarter but increased on a year-on-year basis For the reporting quarter, the deficit was mainly
CCI orders investigation into Apple’s business practices in India | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/cci-orders-investigation-into-apple-s-business-practices-in-india-121123101078_1.html The complainant argued that Apple’s imposition of a 30% in-app fee for distribution of paid digital content and other restrictions hurts competition by
Interest rates on small savings schemes unchanged for Q4FY22 | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/interest-rates-on-small-savings-schemes-unchanged-for-q4fy22-121123101079_1.html Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8
Consumer Protection (Jurisdiction of District Commission, State Commission and National Commission) Rules, 2021–TAXGURU.IN
Clipped from: https://taxguru.in/corporate-law/consumer-protection-jurisdiction-district-commission-state-commission-national-commission-rules-2021.html?utm_source=feedburner&utm_medium=email Centre notifies rules for Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021 The revised pecuniary
Section 148 notice cannot be issued after approval of Resolution Plan under IBC 2016–TAXGURU.IN
Clipped from: https://taxguru.in/income-tax/section-148-notice-issued-approval-resolution-plan-ibc-2016.html?utm_source=feedburner&utm_medium=email Murli Industries Limited. Vs ACIT (Bombay High Court) Issue : Whether the Authorities of the Income Tax Department can issue notice under Section 148
SCN not challenged within prescribed time- HC justified in dismissing the writ on the ground of limitation–TAXGURU.IN
Clipped from: https://taxguru.in/custom-duty/scn-challenged-prescribed-time-hc-justified-dismissing-writ-ground-limitation.html?utm_source=feedburner&utm_medium=email Samrat Exporters and Importers Vs Assistant Commissioner of Central Excise and Customs (Kerala High Court) It is an admitted fact that the appellant
Bank not a trustee of money deposited by Customers- Customer & Bank are creditor/Debtor: SC–TAXGURU.IN
Clipped from: https://taxguru.in/income-tax/bank-trustee-money-deposited-customers-customer-bank-creditor-debtor-sc.html?utm_source=feedburner&utm_medium=email N. Raghavender Vs State of Andhra Pradesh (Supreme Court) Section 409 IPC pertains to criminal breach of trust by a public servant or
Increased imports, IT raids fuel GST collection in Dec 2021 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/increased-imports-it-raids-fuel-gst-collection-in-dec-2021-122010100645_1.html Gross GST revenues collected in December 2021 stood at Rs 1,29,780 crore, 13 per cent higher than GST revenues collected in same month
DGGI cracks down on crypto exchanges, Rs 70 cr tax evasion detected: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/dggi-cracks-down-on-crypto-exchanges-rs-70-cr-tax-evasion-detected-report-122010100481_1.html The DGGI is investigating Coinswitch Kuber, CoinDCX, BuyUCoin and Unocoin, say sources Photo: Bloomberg After the massive tax evasion of GST by Cryptocurrency Service providers
ICRA places RBL Bank ratings under watch with developing implications | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/icra-places-rbl-bank-ratings-under-watch-with-developing-implications-122010100315_1.html ICRA will continue to monitor the developments related to the deposit levels as this could have a material impact on the liquidity position
Chip shortage impacts passenger vehicle sales in December too – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/chip-shortage-impacts-passenger-vehicle-sales-in-december-too/article38086852.ece Tata Motors and M&M record sales growth during December despite semiconductor crisis – PTI Tata Motors and M&M record sales growth during December
Tata Motors overtakes Hyundai to grab the number two position in PV sales in December 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/cars-uvs/tata-motors-overtakes-hyundai-to-grab-the-number-two-position-in-pv-sales-in-december-2021/articleshow/88634678.cmsSynopsis Tata Motors dispatched about 35300 units in December 2021 against 32312 units despatched by South Korean carmaker Hyundai Motor India. During the quarter
It is time to address those cyber insecurities – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-it-is-time-to-address-those-cyber-insecurities/articleshow/88622620.cmsSynopsis Forbes, quoting a cyber expert, predicts a new attack every two seconds, and estimates ransomware costs at $265 billion by 2031. Apart from
Passenger vehicle sales fall for 4th straight month in December – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/passenger-vehicle-sales-fall-for-4th-straight-month-in-december/articleshow/88638537.cmsSynopsis Overall, though, sales of passenger vehicles in the local market breached the 3 million-mark for the third time last calendar year, growing by
Missed the income tax return filing deadline? Here’s what you can do | Missed ITR filing deadline
Clipped from: https://economictimes.indiatimes.com/wealth/tax/missed-the-income-tax-return-filing-deadline-heres-what-you-can-do/articleshow/65631847.cms If you miss the deadline (currently December 31, 2021) to file your income tax return (ITR) for FY 2020-21, don’t worry, you can still file
Flexible working: The future of workplace is hybrid – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/flexible-working-the-future-of-workplace-is-hybrid/articleshow/88637304.cms SynopsisEmployees see flexibility as a need-to-have, not a nice-to-have, benefit — and companies of all sizes are adjusting their workspace expectations to accommodate
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