Clipped from: https://taxguru.in/income-tax/reopening-u-s-148-permissible-case-receipt-huge-cash-deposit-vis-a-vis-non-filing-roi.html?utm_source=feedburner&utm_medium=email Vanditbhai Rajendrakumar Patel Vs ITO (ITAT Ahmedabad) Facts- The brief facts of the case were that as per AIR information, the Ld. Assessing Officer
Day: May 3, 2022
*****Asking employees return to office is triggering ‘Great Resignation’: Randstad India MD & CEO – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/asking-employees-return-to-office-is-triggering-great-resignation-randstad-india-md-ceo-ps-viswanath/article65366559.ece PS Viswanath, MD & CEO, Randstad India Talent prefer to work in their comfort zones at home, says PS Viswanath The IT/ITeS industry
*****Liquidation process regulations: IBBI clears the air on retrospective applicability of certain 2019 changes – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/liquidation-process-regulations-ibbi-clears-the-air-on-retrospective-applicability-of-certain-2019-changes/article65370392.ece Norm on contribution to liquidation costs by financial creditors to apply only for liquidation processes that commenced post July 25, 2019 Insolvency regulator
*****PSBs’ credit growth crowding in credit growth from private sector banks: SBI report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/psbs-credit-growth-crowding-in-credit-growth-from-private-sector-banks-sbi-report/article65375027.ece FY22 ends with incremental credit growth at ₹10.5 lakh crore, 1.8 times higher than FY21 growth Expansion in public sector banks’ (PSBs) credit
*****HDFC Ltd Q4 net profit rises 16.4% as disbursements hit record levels in March – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/hdfc-ltd-q4-net-profit-rises-164-per-cent/article65375241.ece To pay dividend of ₹30 per equity share of face value of ₹2 each The country’s largest mortgage financier HDFC Ltd recorded its
*****Manufacturing PMI rises to 54.7 in April, not much change on job front – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/indias-factory-activity-quickens-in-april-amid-high-inflation/article65374954.ece Price pressure also edges up The manufacturing sector started fiscal 2022-23 with a bang. The Purchasing Managers’ Index (PMI) for April rose to
GoM for flat 28% GST on online gaming – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gom-for-flat-28-gst-on-online-gaming/article65375882.ece Suggests same rate for casinos and horse racing, too; members to now deliberate on value for the levy A Group of Ministers has
*****New-to-credit customer? Opt for a secured credit card, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/new-to-credit-customer-opt-for-a-secured-credit-card-say-experts-122050300010_1.html BNPL, small-ticket consumer loans are other options to build credit history Representative image If you are young, have started working recently, you may
*****Valuation, market share: Why investors should opt for LIC’s scaled-down IPO | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/valuation-market-share-why-investors-should-opt-for-lic-s-scaled-down-ipo-122050201073_1.html The insurer has growth potential, underestimated embedded value and the government sell its stake in the company again Representative image India’s biggest IPO,
*****Building buffers and using them | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/building-buffers-and-using-them-122050201106_1.html Letting the rupee weaken may be the least bad option; raising interest rates to slow imports is too blunt an instrument There is
*2-wheeler sales rise in April, but recovery unlikely to continue: Analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/2-wheeler-sales-rise-in-april-but-recovery-unlikely-to-continue-analysts-122050201035_1.html High raw material prices and semiconductor shortage puts recovery in doubt for companies’ plans Two wheeler market leader Hero MotoCorp led the sales
*****Reforming fuel taxes | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/reforming-fuel-taxes-122050201102_1.html Combination of GST and carbon tax can help Addressing the chief ministers of the states last week, Prime Minister Narendra Modi said that
*****Inefficiency, out of court | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/inefficiency-out-of-court-122050201104_1.html Poor governance is adding to judiciary’s woes The large number of vacancies in the appointment of judges is a well-known systemic weakness of
*****Inflation, imports main reasons for record GST collections, says report | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/inflation-imports-main-reasons-for-record-gst-collections-says-report-122050300027_1.html The ministry attributed the robust mop-up to its tightened compliance measures and a crackdown on GST evaders and fake bills Photo: Shutterstock The
*****India’s $5-trillion economy dream: Not before FY29, says IMF | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-s-5-trillion-economy-dream-not-before-fy29-says-imf-122050300020_1.html However, the IMF data conveys that the economy will be $4.92 trillion in FY28, clearly alluding to the fact that the target will
*****BL Explainer: Complicated fuel taxation and the controversy around it – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/social-media/whatsapp-bans-over-18-lakh-indian-accounts-in-march/article65374988.ece WhatsApp banned over 1.8 million Indian accounts in March. Its latest User Safety Monthly Report, issued in accordance with the IT rules, said
WhatsApp bans over 18 lakh Indian accounts in March – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/social-media/whatsapp-bans-over-18-lakh-indian-accounts-in-march/article65374988.ece WhatsApp banned over 1.8 million Indian accounts in March. Its latest User Safety Monthly Report, issued in accordance with the IT rules, said
*****Financing the recovery – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/financing-the-recovery/article65375920.ece istock/Tinnakorn Jorruang | Photo Credit: Tinnakorn Jorruang The RBI’s Report on Currency and Finance leaves unanswered questions on banking reforms The burden of
Regulations Review Authority recommends withdrawal of 225 more RBI circulars – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/regulations-review-authority-recommends-withdrawal-of-225-more-rbi-circulars/article65376376.ece With the third tranche of recommendations, the Authority has so far recommended the withdrawal of 475 RBI circulars | Photo Credit: PAUL NORONHA
IDBI Bank aims to bring down GNPAs to below 14% by FY23-end – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/idbi-bank-aims-to-bring-down-gnpas-to-below-14-by-fy23-end/article65376285.ece Rakesh Sharma, MD and CEO of IDBI Bank Sale of non-core assets only for legal purposes; FY23 credit growth target 10-12% IDBI Bank
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