Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-will-cryptos-be-goods-or-money-under-gst-framework/articleshow/89437444.cms Synopsis Given that cryptocurrencies can arguably meet the criterion of being ‘moveable property’, they could well qualify as ‘goods’ under the Central Goods
Month: February 2022
BharatPe affair raises some fundamental questions regarding the role of boards and internal audit in startups – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/viewthe-bharatpe-affair-raises-some-fundamental-questions-regarding-the-role-of-boards-and-internal-audit-in-startups/articleshow/89437594.cms Synopsis Beneath the trimmings lie discomforting aspects — family members in key business roles, alleged siphoning of money, a toxic work culture
Around 6.17 crore ITRs, 19 lakh audit reports filed on new I-T portal, says CBDT – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/around-6-17-crore-itrs-19-lakh-audit-reports-filed-on-new-i-t-portal-says-cbdt/2427820/ The government had in January extended till March 15 the deadline for corporates to file income tax returns for the fiscal ended March
Budget 2022 Highlights: Top Highlights of budget 2022-23–ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/union-budget-2022-speech-highlights-will-sitharaman-live-up-to-indias-expectations/articleshow/89261195.cms Finance minister Nirmala Sitharaman presented the Union Budget 2022, the fourth budget of Modi 2.0, on Tuesday. There were a host of measures for a number
Budget Key Takeaways: 25 key takeaways from Nirmala Sitharaman’s fourth Budget – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/20-key-takeaways-from-nirmala-sitharamans-fourth-budget/articleshow/89271689.cms Synopsis Finance minister Nirmala Sitharaman pledged to spend more to fire up the key engines of growth in Asia’s third-largest economy as it
Budget 2022: What do the Budget 2022 numbers tell us? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/what-do-the-budget-2022-numbers-tell-us/articleshow/89271720.cms Synopsis The FM has managed to strike a healthy balance between promoting growth through boost to public and private investments while maintaining fiscal
Taxes: Budget 2022: For every rupee in govt coffer, 58 paise to come from taxes – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/budget-2022-for-every-rupee-in-govt-coffer-58-paise-to-come-from-taxes/articleshow/89271476.cms Synopsis For every rupee in the government coffer, 58 paise will come from direct and indirect taxes, 35 paise from borrowings and other
Formal roadmap for informal sector -Budget: Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/budget-formal-roadmap-for-informal-sector/articleshow/89284787.cms?utm_medium=referral&utm_campaign=iOSapp&utm_source=email Finance minister Nirmala Sitharaman NEW DELHI: With the pandemic putting the spotlight on migrant workers, finance minister Nirmala Sitharaman on Tuesday said the
Income Tax Return: Happy belated returns from I-T dept, but only if you pay up the extra tax | India Business News – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/happy-belated-returns-from-i-t-dept-but-only-if-you-pay-up-the-extra-tax/articleshow/89284549.cms?utm_medium=referral&utm_campaign=iOSapp&utm_source=email Representative photo: PTI Worried that the taxman will come after you for not reporting your rent income or not including interest from your
Crypto News India: India says crypto not illegal as it’s taxed like gambling win | India Business News – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/india-says-crypto-not-illegal-as-its-taxed-like-gambling-win/articleshow/89296398.cms?utm_medium=referral&utm_campaign=iOSapp&utm_source=email NEW DELHI: The government said it doesn’t treat trading in crypto assets as illegal, a day after it announced taxing such transactions just the same
Union Budget 2022: Make life less taxing with these tips – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/union-budget-2022-make-life-less-taxing-with-these-tips/articleshow/89292991.cms?utm_medium=referral&utm_campaign=iOSapp&utm_source=email NEW DELHI: Union Budget 2022-23 eased certain compliances for taxpayers. Even though there was no change in income tax slabs or standard deduction limit, the
Cryptocurrency Tax in India: Tax on e-assets opens gateway to brave, new virtual world | India Business News – Times of India
lipped from: https://timesofindia.indiatimes.com/business/india-business/cryptic-signs-tax-on-e-assets-opens-gateway-to-brave-new-virtual-world/articleshow/89284751.cms?utm_medium=referral&utm_campaign=iOSapp&utm_source=email It may not sound logical, but cryptocurrency prices rose in response to the Union Budget’s imposition of a 30% tax on income earned from transfer
Budget 2022: Infra at the cost of welfare | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/budget-2022-infra-at-the-cost-of-welfare-1077109.html In a balancing act of growth and fiscal consolidation, the government has put all its eggs in the infrastructure basket at the cost of social welfare
Union Budget: 2022 reality intrudes in 2047 vision | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/first-edit/union-budget-2022-reality-intrudes-in-2047-vision-1077176.html Urgent needs of poor, middle class unaddressed Union Finance Minister Nirmala Sitharaman presents the Union Budget 2022-23 in the Lok Sabha, at Parliament.
Crypto not illegal, will be taxed like gambling win, says Finance Secy | Deccan Herald
Clipped from: https://www.deccanherald.com/business/union-budget/crypto-not-illegal-will-be-taxed-like-gambling-win-says-finance-secy-1077409.html After years of dilly-dallying on cryptocurrencies, the Budget proposed taxing income from the transfer of virtual assets at 30% Finance Secretary T V Somanathan. Credit:
India’s growth Budget sparks concerns on inflation, tighter rates | Deccan Herald
Clipped from: https://www.deccanherald.com/business/union-budget/indias-growth-budget-sparks-concerns-on-inflation-tighter-rates-1077365.html ‘The longer RBI waits to normalise, the more markets will lose the confidence in RBI’s ability to control inflation and inflation expectations’ Representative
Robust policy changes with muted tax proposals -Budget 2022: | Deccan Herald
Clipped from: https://www.deccanherald.com/business/union-budget/budget-2022-robust-policy-changes-with-muted-tax-proposals-1077311.html This Budget accorded little importance to tax proposals, while addressing only some expectations Representative image. Credit: iStock Photo Union Budget 2022 was presented
The budget has ignored the poor–Prabhat Patnaik writes: INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/the-budget-2022-has-ignored-the-poor-7753859/ Prabhat Patnaik writes: It has blithely ignored the economy’s travails and provided neither stimulus nor succour to those in distress The provision for
Costlier oil and subsidy fall likely to hit consumption in FY23 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/costlier-oil-and-subsidy-fall-likely-to-hit-consumption-in-fy23-122020500046_1.html A cut in subsidy in FY23 comes on the back of an equally sharp cut in FY22 A cut in subsidy is coming
Little fiscal headroom for govt to respond to future shocks: Fitch | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/little-fiscal-headroom-for-govt-to-respond-to-future-shocks-fitch-122020701306_1.html Rating agency says it revised Outlook on India’s rating to Negative from Stable in June 2020, partly due to its assumptions about pandemic