Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/how-shifting-to-a-new-tax-regime-can-impact-rs-1-5-lakh-crore-of-elss-fund-flow/articleshow/92672913.cms SynopsisThe new tax regime has two main differentiating aspects. First, it offers more tax slabs. Second, it takes away all the exemptions and
Day: July 6, 2022
*****Corporate defaults may rise again on cost pressures: Report | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/companies/corporate-defaults-may-rise-again-on-cost-pressures-report-8011919/ As per the report, the default rate may increase going forward as the pandemic-induced relief measures are withdrawn and volatile input prices create
*****Surging imports and slowing exports will make current account deficit rise. Weaker currency will help ease pressure | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/surging-imports-slowing-exports-deficit-currency-8011041/ While the government has taken a spate of measures, which include increasing the import duty on gold, levying taxes and imposing restrictions on
All you need to know about Digilocker and its functionality
Clipped from: https://www.gadgetsnow.com/featured/all-you-need-to-know-about-digilocker-and-its-functionality/articleshow/92684708.cms The evolution of technology has been a boon for users who want things done at their fingertips. Be it sharing real-time updates on
*****Why GST has failed to reduce your tax burden – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/why-gst-has-failed-to-reduce-the-tax-burden/articleshow/92631935.cms The goods and services tax (GST) is now five years old. It was ushered in by the Prime Minister in a historic midnight
*******Five steps to make GST truly good and simple tax – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/how-good-simple-tax-was-born-how-it-can-be-better-simpler/articleshow/92578128.cms Implementation of GST exactly five years ago was considered as the largest post-Independence tax reform. It became a reality after preparation of more
*Why Rs 80 per dollar isn’t a sign of weakness – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/why-an-80-rupee-dollar-isnt-a-sign-of-weakness/articleshow/92460595.cms The world over, people tend to view a strong national currency as a sign of virility, like an erect penis. That may be
Why India should tax firms profiting from Ukraine war – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/why-india-should-tax-firms-profiting-from-ukraine-war/articleshow/92019070.cms The story, which was first published on June 5, 2022, has been updatedThe Ukraine war caused crude oil prices to shoot up by
Low growth + high inflation + govt doing RBI’s job = recipe for crisis – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/lets-keep-gst-good-simple/articleshow/91693650.cms Many of us would recollect pre-GST days where all products would either have a price excluding local taxes or have multiple prices applicable
Why India cannot go back to ‘one nation, many taxes’ status – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/lets-keep-gst-good-simple/articleshow/91693650.cms Many of us would recollect pre-GST days where all products would either have a price excluding local taxes or have multiple prices applicable
Work needs to be done to prune GST exemption in services: Revenue Secy – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/work-needs-to-be-done-to-prune-gst-exemption-in-services-revenue-secy/article65603077.ece ‘Exemptions still remain, a large number on the services side’ Efforts are on to remove the ‘rough edges’ in Goods and Services Tax
Government notifies procedural changes in GST rules | The Financial Express
Clipped from: https://www.financialexpress.com/economy/government-notifies-procedural-changes-in-gst-rules/2584886/ The changes were vetted by the Goods and Services Tax (GST) Council at its meeting last week. With the amendments notified by the
ITR Filing 2022 Due Date: Last Date to file Income Tax Return for Individuals, HUF, Firms, Late Fee Explained | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/itr-filing-due-date-2022-last-date-to-file-income-tax-return-for-individuals-huf-firms-late-fee-explained/2584662/ Income Tax Return (ITR) filing due date 2022 is near. It is important for every taxpayer to file their ITR before the last
73% of office occupiers in India considering hybrid working model: CBRE survey | The Financial Express
Clipped from: https://www.financialexpress.com/money/73-of-office-occupiers-in-india-considering-hybrid-working-model-cbre-survey/2584723/ Occupiers are eyeing sustainability and wellness as part of their strategy to expedite return to office as ESG principles gain momentum. 52% of
Insolvency and Bankruptcy Board of India: Tale of misconduct, indifference: why aggrieved homebuyers went against one resolution professional – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/tale-of-misconduct-indifference-why-aggrieved-homebuyers-went-against-one-resolution-professional/primearticleshow/92685605.cms SynopsisAfter due investigation, Insolvency and Bankruptcy Board of India (IBBI) suspended resolution professional Yogesh Kumar Gupta for three years. Already waiting to get
Oil plummets below $100 as recession risks come to forefront – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/commodities/news/oil-plummets-below-100-as-recession-risks-come-to-forefront/articleshow/92684009.cmsSynopsisOil was pressured in a low liquidity session on Tuesday as equities fell and the dollar surged, making commodities priced in the currency
Oil may potentially fall to $45 a barrel by 2023-end: Citi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/commodities/news/oil-may-potentially-fall-to-45-a-barrel-by-2023-end-citi/articleshow/92672571.cms Synopsis The foreign brokerage sees Brent at $99 per barrel in the third quarter of calendar 2022 and at $85 a barrel in
Tax dept will not pay you income tax refund of this amount – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/tax-dept-will-not-pay-you-income-tax-refund-of-this-amount/articleshow/92274882.cms Synopsis In case, there is an income tax refund due to you as per the income tax department’s calculations, it typically gets credited
Banking Frauds: Types of Banking Frauds, How to keep your money safe? Check here
Clipped from: https://economictimes.indiatimes.com/wealth/save/a-new-kind-of-banking-related-fraud-is-becoming-prevalent-heres-how-to-keep-your-money-safe/articleshow/92691383.cms Synopsis ICICI Bank issued an email to its customers to highlight a new kind of financial fraud that is becoming more widespread. Bank
Government of India must heave-ho, make exports flow – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/government-of-india-must-heave-ho-make-exports-flow/articleshow/92685325.cms Synopsis Immediate policy responses will react to a rapidly evolving external environment. But the government would do well to use this opportunity to
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