lipped from: https://www.incometaxindia.gov.in/Pages/tax-services/response-to-outstanding-tax-demand.aspx The Taxpayer can submit the response online to the outstanding demand by either choosing to ‘Agree’ or ‘Disagree’ with the demand. Perform the
Month: June 2022
Who doesn’t want growth? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/who-doesn-t-want-growth-122062301299_1.html The RBI, however, cannot use the growth argument to justify inflation The preamble of the Reserve Bank of India (RBI) Act, as amended in 2016, inter
Why are rent agreements for 11 months preferred in India? | The Financial Express
Clipped from: https://www.financialexpress.com/money/why-are-rent-agreements-for-11-months-preferred-in-india/2571374/ Have you ever wondered why most rent agreements are for a duration of 11 months only and not for a longer period, although
TCS case may throw spotlight on job termination in IT industry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/information-tech/tcs-case-may-throw-spotlight-on-job-terminations-in-it-industry/articleshow/92367276.cms Synopsis “Awareness of workers’ rights keeps increasing as we come across more judgments of similar nature. As this order involves one of the
Why RBI should not enforce card tokenisation mandate – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/why-rbi-should-not-enforce-card-tokenisation-mandate/articleshow/92420016.cms Synopsis For tokenisation to work, entities in the payments value chain – issuer banks, card networks, payment gateways (PGs), payment aggregators (PAs), acquirer
India’s inflation fight will not be painless, says RBI deputy governor Michael Patra – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/hopeful-monetary-actions-needed-are-moderate-vs-peers-rbi-deputy-governor-michael-patra/articleshow/92430667.cms Synopsis Patra said the central bank will not allow “jerky movements” of Rupee and stressed that the Indian currency has witnessed least depreciation
Shaktikanta Das: Inflation over 6% hurts growth… It has become broad-based and RBI is addressing it, says Das
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/inflation-over-6-hurts-growth-it-has-become-broad-based-and-rbi-is-addressing-it-says-shaktikanta-das/articleshow/92426490.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis The revival of economic activity continues to be steady and is gaining traction, and RBI is on track to bring down inflation
RBI’s co-lending model: A relief for the priority sector–ECONOMIC TIMES.COM
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/rbis-co-lending-model-a-relief-for-the-priority-sector/articleshow/92426120.cms Synopsis Over the last two years, sectors such as ed-tech, pharmaceuticals, e-commerce witnessed exponential growth, but MSMEs were left high and dry. The Micro
Loss from share trading can be set off against business income-TAXGURU
Clipped from: https://taxguru.in/income-tax/loss-share-trading-set-off-business-income.html?utm_source=feedburner&utm_medium=email Jitendra Manilal Malkan Vs ITO (ITAT Ahmedabad) It is observed that during the year the assessee had purchased 34 different scripts and out
Uploading or serving of a summary of show cause in Form GST-DRC-01 under rule 142(1) is mandatory-TAXGURU
Clipped from: https://taxguru.in/goods-and-service-tax/uploading-serving-summary-show-cause-form-gst-drc-01-rule-1421-mandatory.html?utm_source=feedburner&utm_medium=email Balaji Traders Vs State Tax Officer (Madras High Court) The uploading or serving of summary of show cause in Form GST-DRC-01 under Rule
Notice under GST Rule 68 to be issued electronically or through post?-TAXGURU
Clipped from: https://taxguru.in/goods-and-service-tax/notice-gst-rule-68-issued-electronically-post.html?utm_source=feedburner&utm_medium=email Jabir Hasan Vs Assistant Commissioner of State Tax GST (Uttarakhand High Court) It is not disputed that Rule 68 of Central Goods and Services
Miscellaneous expenses Paid by Cheques based on Self-Made Voucher allowable–TAXGURU
Clipped from: https://taxguru.in/income-tax/miscellaneous-expenses-paid-cheques-based-self-made-voucher-allowable.html?utm_source=feedburner&utm_medium=email Thermon Heat Tracers Pvt. Ltd. Vs JCIT (ITAT Pune) ITAT held that miscellaneous expenses Paid Through Cheques Based On Self-Made Voucher Allowable for
Cash Gift taxable in the year of receipt and not in year it was traced–TAXGURU
Clipped from: https://taxguru.in/income-tax/cash-gift-taxable-year-receipt-year-traced.html?utm_source=feedburner&utm_medium=email Gaurav Agarwal Vs DCIT (ITAT Lucknow) From the examination of documents found during search and seizure operation u/s. 132 of the Act the
These new credit, debit card rules will come into effect from July 1, and these from Oct 1 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/save/these-new-credit-debit-card-rules-will-come-into-effect-from-july-1-and-these-from-oct-1/articleshow/92379777.cms Synopsis For banks and non-banking financial organisations, the Master Direction on “Credit Card and Debit Card” Issuance and Conduct Directions, 2022″ was supposed
What is card tokenization and why should you go for it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/what-is-card-tokenization-and-why-should-you-go-for-it/articleshow/92385073.cms?utm_source=Desktop&utm_medium=HP_ETGreatReads&utm_campaign=DP Synopsis Tokenization is an imperative step for customers to add an extra layer of security to their sensitive data In the last few
Fret not, flight of FPI capital could slow – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/fret-not-flight-of-fpi-capital-could-slow/articleshow/92395979.cms Synopsis The net FPI outflow of $32 billion in the last nine months exceeds by a wide margin the cumulative net outflows over
EY partner firm SRBC’s audit of IL&FS compromised: NFRA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/ey-partner-firm-srbcs-audit-of-ilfs-compromised-nfra/articleshow/92396226.cms Synopsis In its audit quality report (AQR), the NFRA pointed to “large scale non-compliance with professional and regulatory and legal requirements” by the
Bank of Canada says high May inflation ‘keeping us up at night’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/bank-of-canada-says-high-may-inflation-keeping-us-up-at-night/articleshow/92393490.cms Rising rates pressuring countries’ credit ratings, S&P Global warns Synopsis A report by the firm on Wednesday said that heavily indebted Italy would
Sebi can’t initiate proceedings against companies under IBC, says panel – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/sebi-cant-initiate-proceedings-against-companies-under-ibc-says-panel/articleshow/92396507.cms Synopsis In its report to the government, the committee opined that any exemptions on moratorium could hinder the IBC process. Under the law,
Russia is rerouting trade and oil to BRICS countries: President Vladimir Putin – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/russia-is-rerouting-trade-and-oil-to-brics-countries-president-vladimir-putin/articleshow/92391492.cms Synopsis In order to weather the sanctions, Russia is trying to forge closer ties with Asia, seeking to supplant the markets it lost
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