Clipped from: https://www.business-standard.com/article/finance/university-of-california-picks-up-0-57-stake-in-kotak-mahindra-bank-122032401264_1.html The stake was purchased at Rs 1,699 per share from Canada Pension Plan Investment Board (CPPIB), data released by BSE showed The Regents
Month: March 2022
Two years of Covid: Metals get their shine back as demand fuels rally | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/two-years-of-covid-metals-get-their-shine-back-as-demand-fuels-rally-122032400536_1.html According to CRISIL Research, base metals are currently at their highest levels since 2008, while steel prices in Europe are at an all-time
India’s 2022 GDP growth downgraded to 4.6% due to war in Ukraine: UN report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-s-2022-gdp-growth-downgraded-to-4-6-amid-russia-ukraine-conflict-un-122032401196_1.html The report noted that a number of developing country central banks also engaged in quantitative easing: active purchasing of bonds in the open
Digital payments spike, but cash circulation still high, shows data | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/digital-payments-spike-but-cash-circulation-still-high-shows-data-122032401589_1.html UPI has been the biggest beneficiary of the digital payments drive. The burgeoning volumes of unified payments interface (UPI) prove that the pandemic
Faltering Sri Lanka holds strategic importance for India, shows data | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/faltering-sri-lanka-holds-strategic-importance-for-india-shows-data-122032500009_1.html The share in India’s total exports declined from 2.16 per cent in FY15 to just 1.3 per cent in the first 10 months
Commodity price rise may affect India’s economic recovery, says S&P | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/commodity-price-rise-may-affect-india-s-economic-recovery-says-s-p-122032500011_1.html Due to the ongoing Russia-Ukraine war, India may face higher expenditure on items that the government subsidises, particularly food and fertiliser, if these
Russia-Ukraine war, Covid in China to push up prices of white goods | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/russia-ukraine-war-covid-in-china-to-push-up-prices-of-white-goods-122032500033_1.html The last of the five-part series looks at why durables companies are planning to raise prices by up to 15% As commodity prices
US recovery helped India achieve the $400-billion mark for exports | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/us-recovery-helped-india-achieve-the-400-billion-mark-for-exports-122032500006_1.html During the first 11 months of the fiscal year, outbound shipments to China grew at 7 per cent, with shipments valued at $19.8
FinMin proposes changes to Finance Bill for crypto assets’ taxation | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/finmin-proposes-changes-in-crypto-assets-taxation-122032401328_1.html FM Sitharaman is expected to move an amendment clarifying that no tax deduction or set off would be available in place of mining
Data breach: Business models of payment platforms under RBI scrutiny | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/data-breach-business-models-of-payment-platforms-under-rbi-scrutiny-122032401531_1.html Seeks info on lending ops after cases of data breach PhonePe and Google Pay are the largest players among payment aggregators The Reserve Bank
Assessing Officer doesn’t have Jurisdiction to Travel Beyond Issues found during Scrutiny Assessment: ITAT quashes Revisional Order [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/assessing-officer-doesnt-have-jurisdiction-to-travel-beyond-issues-found-during-scrutiny-assessment-itat-quashes-revisional-order/162718/ Clipped from: https://www.taxscan.in/assessing-officer-doesnt-have-jurisdiction-to-travel-beyond-issues-found-during-scrutiny-assessment-itat-quashes-revisional-order/162718/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Scrutiny%20Assessment Top Stories By Rasheela Basheer – On March 22, 2022 2:07 pm The ITAT, Kolkata bench has recently held that the Commissioner, while invoking
Pr. Commissioner does not conduct Independent Inquiry before invoking Revisional Jurisdiction: ITAT quashes Order–TAXSCAN
Clipped from: https://www.taxscan.in/pr-commissioner-does-not-conduct-independent-inquiry-before-invoking-revisional-jurisdiction-itat-quashes-order/163893/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Pr.%20Commissioner Top Stories By Rasheela Basheer – On March 25, 2022 12:51 pm The Chandigarh bench of the ITAT, while quashing a revisional order under section 263
Re-Assessment is Invalid when Assessee disclosed All Material facts to complete Assessment: ITAT–TAXSCAN
Clipped from: https://www.taxscan.in/re-assessment-is-invalid-when-assessee-disclosed-all-material-facts-to-complete-assessment-itat/163927/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-Assessment Top Stories By Rasheela Basheer – On March 25, 2022 1:26 pm The Chennai bench of the ITAT has deleted a re-assessment passed under section 147
Calcutta HC directs GST Dept to cancel Blockage of Credit Ledger on Expiration of Validity of Order after One Year–taxscan
Clipped from: https://www.taxscan.in/calcutta-hc-directs-gst-dept-to-cancel-blockage-of-credit-ledger-on-expiration-of-validity-of-order-after-one-year/163911/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Unblock Top Stories By Rasheela Basheer – On March 25, 2022 11:05 am The Calcutta High Court has directed the GST department to cancel the blockage of
Failure to consider Objections of Assessee: Calcutta HC quashes Revision Order-TAXSCAN
Clipped from: https://www.taxscan.in/failure-to-consider-objections-of-assessee-calcutta-hc-quashes-revision-order/163529/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Calcutta%20HC Top Stories By Rasheela Basheer – On March 24, 2022 6:30 am While quashing an order for revision under section 263 of the Income Tax Act,
What’s cash flow-based lending for MSMEs to cover operational expenses | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-whats-cash-flow-based-lending-for-msmes-to-cover-operational-expenses/2470000/ Credit and Finance for MSMEs: The growing focus among lenders on cash flow-based credit has come in the backdrop of the Reserve Bank
Unsecured loans: What MSMEs should do to get credit from banks, NBFCs without collateral | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-unsecured-loans-what-msmes-should-do-to-get-credit-from-banks-nbfcs-others-without-collateral/2469969/ Credit and Finance for MSMEs: Even as securing credit via the cash flow-based model is relatively easier than raising an asset-backed loan, the
Tax Benefits on Affordable Housing: What happens if the carpet area of the house is not known? | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/tax-benefits-on-affordable-housing-what-happens-if-the-carpet-area-of-the-house-is-not-known/2469650/ As per the provisions u/s 80EEA, the value of the house property should not exceed Rs 45 lakh and the carpet area should
Confused about Pay Later and Credit Cards? Here is how they work | The Financial Express
Clipped from: https://www.financialexpress.com/money/confused-about-pay-later-and-credit-cards-here-is-how-they-work/2469706/ With a Pay-Later card, not only the user has a lot more convenience to pay back an amount on their terms, the biggest
Penalty cannot be solely based on Addition without proving Concealment: ITAT–TAXSCAN
Clipped from: https://www.taxscan.in/penalty-cannot-be-solely-based-on-addition-without-proving-concealment-itat/162729/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Penalty Top Stories By Rasheela Basheer – On March 22, 2022 2:34 pm The Income Tax Appellate Tribunal, Jaipur bench has held that the penalty under section
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