Clipped from: https://www.thehindubusinessline.com/news/independent-directors-not-liable-for-the-acts-of-the-company-bombay-hc/article65654246.ece In two different orders, the Court observed that simply because a person is a director of a company does not make him liable
Month: July 2022
*War effect: India’s pharma exports to Russia down 24% in April–May period – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/war-effect-indias-pharma-exports-to-russia-down-24-in-aprilmay-period/article65653833.ece Russia is the fourth largest pharma export market for India Indian pharma exports to Russia have dropped 24 per cent due to the
*******RBI’s low dividend payout raises concerns – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/rbis-low-dividend-payout-raises-concerns/article65655432.ece It shows up poor risk management of forex reserves, such as relying on dollar sales in domestic forex market to book profit The
*****Cautious optimism – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/inflation-may-be-moderating-and-growth-showing-resilience-but-cad-is-a-concern/article65655206.ece Inflation may be moderating and growth showing resilience, but CAD is a concern On both the growth and inflation fronts, the Indian economy
*HC grant Bail to CA in case of alleged negligence in stock audit & Fraud–TAXGURU.IN
Clipped from: https://taxguru.in/chartered-accountant/hc-grant-bail-ca-case-alleged-negligence-stock-audit-fraud.html Sunil Bhatia Vs Serious Fraud Investigation Office (Delhi High Court) Since the ex-promoters/directors and similarly situated chartered accountants have been granted bail, there
Brief Summary of amendments in Companies Act 2013 WEF 1.04.2022-TAXGURU.IN
Clipped from: https://taxguru.in/company-law/brief-summary-amendments-companies-act-2013-wef-1-04-2022.html?utm_source=feedburner&utm_medium=email Brief Summary of MCA amendments of Companies Act 2013 effective from 1st April 2022 1. Companies (Management and Administration) Amendment Rules, 2022 Notification shall come into
*Can a chartered accountant sign a Provisional Financial Statement?–TAXGURU.IN
Clipped from: https://taxguru.in/chartered-accountant/chartered-accountant-sign-provisional-financial-statement.html?utm_source=feedburner&utm_medium=email As per Clause (3) of part 1 of second schedule of ICAI Act 1949 -A chartered accountant in practice shall be deemed to
Changes proposed in disclosure of ITC in Table 4 of GSTR-3B–TAXGURU.IN
Clipped from: https://taxguru.in/goods-and-service-tax/proposed-disclosure-itc-table-4-gstr-3b.html?utm_source=feedburner&utm_medium=email After the introduction of GSTR-2B and auto population of figures in GSTR-3B, there has been greater accountability on the taxpayer to ensure that
*Over 2 lakh retail investors exit LIC, but holding increases marginally – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/over-2-lakh-retail-investors-exit-lic-but-holding-increases-marginally/article65653812.ece As many as 4,000 NRIs entered the insurance major last quarter Over two lakh small investors have exited from Life Insurance Corporation of
*******Exempting pre-packed pulses, cereals, other food items above 25 kg from GST big relief for wholesalers: CAIT | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-exempting-pre-packed-pulses-cereals-other-food-items-above-25-kg-from-gst-big-relief-for-wholesalers-cait/2597422/ Ease of Doing Business for MSMEs: According to FAQs issued by CBIC on Sunday, only pre-packed and labelled food items such as pulses,
*******CBIC clarifies ambiguity on GST on pre-packaged items, new rates from Monday – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/cbic-clarifies-ambiguity-on-gst-on-pre-packaged-items-new-rates-from-monday/articleshow/92940746.cms Synopsis Also the clarification said that if several packages intended for retail sale to the ultimate consumer, say 10 packages of 10 Kg
*******करावे कर-समाधान : इमारतीचा पुनर्विकास आणि प्राप्तिकर | लोकसत्ता
Clipped from: https://www.loksatta.com/arthvrutant/redevelopment-of-building-and-income-tax-maintenance-redevelopment-project-selling-at-market-price-amy-95-3026005/ शहरांमध्ये इमारती जुन्या झाल्यानंतर त्यांच्या देखभालीवर (मेंटेनन्स) खर्च वाढत जातो. प्रवीण देशपांडेशहरांमध्ये इमारती जुन्या झाल्यानंतर त्यांच्या देखभालीवर (मेंटेनन्स) खर्च वाढत जातो. तसेच नवीन
*****Going on eighty: Rupee continues to test new lows against US dollar | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/going-on-eighty-rupee-continues-to-test-new-lows-against-us-dollar-122071700700_1.html It’s too early to say if the central bank’s recent measures will offer relief any time soon Photo: iStock. The Financial Stability Report (FSR,
How to file ITR-2 online with salary income, capital gains for FY22 | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/how-to-file-itr-2-online-with-salary-income-capital-gains-for-fy22-122071501130_1.html Individual taxpayers not having business or professional income can use this form for Income Tax Returns Photo: Shutterstock Filing Income Tax Returns (ITRs) is both
ITR 2021-22: These high-value transactions must be declared in your return | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/itr-2021-22-these-high-value-transactions-must-be-declared-in-your-return-122071500205_1.html Such transactions attract special attention from the income tax (I-T) department and are mandatory to be furnished. If not, they may lead to
*Strongest dollar in a generation upends global economy, devalues currencies | Business Standard News
Clipped from: https://www.business-standard.com/article/international/strongest-dollar-in-a-generation-upends-global-economy-devalues-currencies-122071700950_1.html The greenback is affecting everything from cost of an overseas vacation to profitability of MNCs US companies with large international operations are taking
The rise in the incidence of digital fraud | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/the-rise-in-the-incidence-of-digital-fraud-122071700674_1.html Over the years, there has been a significant change in the types of frauds affecting the banking industry Frauds in the banking sector have been
*****Surveyor cannot apply deductions arbitrarily | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/surveyor-cannot-apply-deductions-arbitrarily-122071700915_1.html The National Commission held the insurer liable to settle the claim in accordance with the original computation of loss jointly signed by the
*****Grain of the matter | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/grain-of-the-matter-122071700925_1.html Govt’s grain stock reduction is a good development The sharp decrease in the government’s wheat inventories this year is neither unexpected nor a matter of
*******Trade in rupee: A little step forward but nothing more | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/trade-in-rupee-a-little-step-forward-but-nothing-more-122071701064_1.html Transactions in INR shift entire exchange rate risks to the foreign party. It is difficult to fathom why any foreign trader would agree
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