Clipped from: https://www.taxscan.in/insurance-premium-for-paid-for-keyman-insurance-policy-of-lic-allowable-as-expenses-itat/234224/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Insurance%20Premium By Kalyani B Nair – On December 15, 2022 3:33 pm The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), held that Insurance Premium for paid for
Day: December 15, 2022
Reasons recorded for Reassessment cannot be Substituted, Added or Deleted: ITAT
Clipped from: https://www.taxscan.in/reasons-recorded-for-reassessment-cannot-be-substituted-added-or-deleted-itat/217482/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Reasons%20recorded%20for%20Reassessment By Yogitha S. Yogesh – On December 12, 2022 5:40 pm The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the reasons recorded for
Benefit of CBDT Circular providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT [Read Order]
Read More: https://www.taxscan.in/benefit-of-cbdt-circular-providing-ceiling-on-holding-of-jewellery-can-be-extended-to-jewellery-held-by-minor-son-and-daughter-itat/233868/ Clipped from: https://www.taxscan.in/benefit-of-cbdt-circular-providing-ceiling-on-holding-of-jewellery-can-be-extended-to-jewellery-held-by-minor-son-and-daughter-itat/233868/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Benefit%20of%20CBDT%20Circular By Rasheela Basheer – On December 14, 2022 5:04 pm The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of the circular
Joint Commissioner sanctioned Re-open Notice u/s 148 after expiry of 4 yrs: ITAT quashes Assessment Order being Violative Sec 151
Clipped from: https://www.taxscan.in/joint-commissioner-sanctioned-re-open-notice-u-s-148-after-expiry-of-4-yrs-itat-quashes-assessment-order-being-violative-sec-151/193782/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Joint%20Commissioner%20sanctioned By Taxscan Team – On December 14, 2022 5:37 pm The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench has held that Joint Commissioner sanctioned reopening notice
Audit committees need to get their act together – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/opinion/audit-committees-need-to-get-their-act-together/article66263711.ece These committees must bring an ecosystem that fosters integrity to the internal audit processes External audit is an instrument of the audit committee,
Home loan borrowers opt for pre-payments, balance transfer amid successive rate hikes – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/home-loan-borrowers-opt-for-pre-payments-balance-transfer-amid-successive-rate-hikes/article66263553.ece Home loans, usually being of a long-term nature, also allow lenders the benefit of increasing the loan tenure rather than hiking the borrowers’
IT’s prospects hit by global headwinds – The Hindu BusinessLine***
lipped from: https://www.thehindubusinessline.com/opinion/editorial/its-prospects-hit-by-global-headwinds/article66263823.ece IT companies should use the period of slowdown to reskill employees and invest for the long term In the past, companies have used
RBI sheds some flab, post Covid – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rbi-sheds-some-flab-post-covid/article66263876.ece Its balance sheet shrinks 6.4 per cent in FY23 as policy normalisation gets underway When the Covid-19 pandemic struck in the first quarter
About Rs 400 cr tax deposited by filing 500,000 updated ITRs so far | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/about-rs-400-cr-tax-deposited-by-filing-500-000-updated-itrs-so-far-122112400376_1.html The official said compliance has improved substantially and even corporates are filing updated income tax returns The recently introduced provision of allowing taxpayers
Medical insurance: Health segment shines again as non-life industry grows in double digits | Business Standard News*
Clipped from: https://www.business-standard.com/article/finance/health-segment-shines-again-as-non-life-industry-grows-in-double-digits-122121400950_1.html Group health plans drive the 29% growth in health premiums during the first eight months of FY23 Health premiums have picked up again
New buyback rules for the better | The Financial Express
Clipped from: https://www.financialexpress.com/market/explainer-new-buyback-rules-for-the-better/2913653/ The Sebi-appointed sub-group recommends the timeline be first reduced to 66 days from April 2023, and to 22 days from April 2024. All
MSMEs’ Big Capex Push Accounts for 50% of New Loans – The Economic Times*****
lipped from: https://economictimes.indiatimes.com/epaper/delhicapital/2022/dec/15/et-mkts/msmes-big-capex-push-accounts-for-50-of-new-loans/articleshow/96235228.cms Synopsis Indian lenders are witnessing a revival of capital expenditure in the MSME segment, with up to 50% of fresh advances to this
NRIs without PAN can manually file Form 10F till March 31, 2023, to avoid TDS on payments received – The Economic Times***
Clipped from: https://economictimes.indiatimes.com/wealth/tax/nris-without-pan-can-manually-file-form-10f-till-march-31-2023-to-avoid-tds-on-payments-received/articleshow/96218833.cms Synopsis The Central Board of Direct Taxes (CBDT) has issued a notification on December 12, 2022 offering one-time relied to the non-resident taxpayers
Fed downshifts to half-point hike, sees 5.1% rate next year – The Economic Times***
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/fed-downshifts-to-half-point-hike-sees-5-1-rate-next-year/articleshow/96234324.cms Synopsis The Federal Open Market Committee raised its benchmark rate by 50 basis points to a 4.25% to 4.5% target range. Policymakers projected
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