Clipped from: https://www.thehindu.com/opinion/op-ed/this-age-of-inflation/article65344563.ece?homepage=true How RBI postponed the necessary course-correction Representational photo: The RBI has fed the inflation dragon by consciously and actively letting monetary policy stray
Day: April 23, 2022
*Raghuram Rajan on why a China model of manufacturing doesn’t work for us – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/raghuram-rajan-on-why-a-china-model-of-manufacturing-doesnt-work-for-us/articleshow/91023929.cms Synopsis The former RBI governor has expressed unhappiness with India not being able to educate its students who go abroad in droves, as
*Indian content script could go awry as Netflix cuts costs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/media/entertainment/indian-content-script-could-go-awry-as-netflix-cuts-costs/articleshow/91018267.cms Synopsis Most of content producers ET spoke with were of the view that Netflix had already started cutting budgets of the films and
*Indonesia to ban palm oil exports to curb domestic prices – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/business/indonesia-to-ban-palm-oil-exports-to-curb-domestic-prices/articleshow/91013410.cms Synopsis The measure could further inflame global food inflation that soared to a record high following Russia’s invasion of Ukraine, raise costs for
*Capital Gain Exemption allowable on Bonafide Expenses Incurred for making New House Habitable prior to Possession: ITAT
Clipped from: https://www.taxscan.in/capital-gain-exemption-allowable-on-bonafide-expenses-incurred-for-making-new-house-habitable-prior-to-possession-itat/170135/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CG Top Stories By Rasheela Basheer – On April 23, 2022 8:01 am The Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that the capital gain exemption
*Share in parts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/share-in-parts/article65346494.ece Fractional shares, while being interesting from investor viewpoint, may not excite companies The recommendation of the Company Law Committee regarding issuance, holding and
India right in standing by old friend, Russia – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/india-right-in-standing-by-old-friend-russia/article65346493.ece Nations, like people, act on the basis of memories. By supporting Russia in Ukraine, India is on the right side of history Mourning,”
*Key lessons from the Netflix share price crash – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-markets/key-lessons-from-the-netflix-share-price-crash/article65346460.ece (FILES) In this file photo taken on March 02, 2022, the Netflix logo is displayed on top of their office building in Hollywood,
*‘Microfinance sector must adapt to RBI’s revised guidelines’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/microfinance-sector-must-adapt-to-rbis-revised-guidelines/article65346489.ece MFIN will have to look at supporting all players with the clear intention of customer protection and growth of the sector | Photo
US Fed’s aggressive rate hike plans make markets jittery – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/us-feds-aggressive-rate-hike-plans-make-markets-jittery/article65346455.ece FILE PHOTO: People stand outside the Bombay Stock Exchange (BSE), after Sensex surpassed the 60,000 level for the first time, in Mumbai, India,
*CBDT adds 4 criteria for mandatory ITR filing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/cbdt-adds-4-criteria-for-mandatory-itr-filing/article65346448.ece New Indian ITR-5 Income tax Form with Indian currency and PAN or Permanent Account Number on isolated background. | Photo Credit: lakshmiprasad S
*India in a spot as Indonesia bans edible oil exports – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/india-in-a-spot-as-indonesia-bans-edible-oil-exports/article65346453.ece Country imports as much as half its requirement of8.3 mt palm oilfrom Indonesia There appears to be no respite for Indian consumers on
Re-Assessment can be initiated on Disclosure of Bogus Purchase Bills: Chhattisgarh HC [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/re-assessment-can-be-initiated-on-disclosure-of-bogus-purchase-bills-chhattisgarh-hc/169740/ Clipped from: https://www.taxscan.in/re-assessment-can-be-initiated-on-disclosure-of-bogus-purchase-bills-chhattisgarh-hc/169740/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Bogus%20Purchase%20Bills Top Stories By Taxscan Team – On April 22, 2022 2:36 pm The Chhattisgarh High Court has held that the reassessment proceedings by invoking
Higher Rate of Depreciation available to Vehicles let out on Hire Only If Assessee furnish Details: ITAT [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/higher-rate-of-depreciation-available-to-vehicles-let-out-on-hire-only-if-assessee-furnish-details-itat/169772/ Clipped from: https://www.taxscan.in/higher-rate-of-depreciation-available-to-vehicles-let-out-on-hire-only-if-assessee-furnish-details-itat/169772/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Depreciation Top Stories By Rasheela Basheer – On April 22, 2022 12:14 pm The Ahmedabad bench of the ITAT has held that the assessee can
*RBI issues master directions for issuance of credit cards: What cardholders should know – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/spend/rbi-issues-master-directions-for-issuance-of-credit-cards-what-cardholders-should-know/articleshow/90981453.cms Synopsis For the issuance of credit and debit cards, the Reserve Bank of India (RBI) has issued master directions. Here are some key
*No Document to Support the Allegation: CESTAT Directs to Restore the Customs Broker Licence [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/no-document-to-support-the-allegation-cestat-directs-to-restore-the-customs-broker-licence/169938/ Clipped from: https://www.taxscan.in/no-document-to-support-the-allegation-cestat-directs-to-restore-the-customs-broker-licence/169938/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Document Top Stories By Jwala K.P – On April 22, 2022 1:37 pm The New Delhi Principal Bench of Customs, Excise & Service Tax Appellate
*Expenditure in the form of Commission to the Doctors is Prohibited by Law and not Entitled to Deduction u/s 37 (1): Calcutta HC–TAXSCAN
Clipped from: https://www.taxscan.in/expenditure-in-the-form-of-commission-to-the-doctors-is-prohibited-by-law-and-not-entitled-to-deduction-u-s-37-1-calcutta-hc/169945/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Commission%20to%20the%20Doctors Top Stories By Rasheela Basheer – On April 22, 2022 3:09 pm The Calcutta High Court has held that expenditure in the form of commission to
*What are the tax implications of investments in global securities? Find out | The Financial Express
Clipped from: https://www.financialexpress.com/money/what-are-the-tax-implications-of-investments-in-global-securities-find-out/2500598/ The dividend income earned by an individual gets added to overall income, and the investor receives foreign credit to the extent of tax
Now ITR filing mandatory if your TDS, TCS is Rs 25,000 or more in a financial year
Clipped from: https://economictimes.indiatimes.com/wealth/tax/now-itr-filing-mandatory-if-your-tds-tcs-is-rs-25000-or-more-in-a-financial-year/articleshow/90999405.cms Synopsis The 7th proviso to Section 139 was inserted by the Finance Act, 2019, which provided for certain criteria which mandated the filing
*70 investors rejected an idea. It has become a unicorn and helped create another
Clipped from: https://economictimes.indiatimes.com/small-biz/entrepreneurship/70-investors-rejected-an-idea-it-has-become-a-unicorn-and-helped-create-another/articleshow/90927216.cms SynopsisHandling two tough services of fulfilment and finance, the growth story of OfBusiness and Oxyzo is all about skill, hard work and determination.
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