Clipped from: https://www.financialexpress.com/money/income-tax/is-it-fair-to-ask-you-to-pay-income-tax-for-rs-2-5-lakh-when-rs-8-lakh-makes-one-poor-govt-responds/2920588/ The basic exemption limit provided under the Income Tax Act and income threshold for EWS categorisation are not comparable, says Govt Income Tax
Month: December 2022
Bank locker rules changing from 1 January 2023: Check Nominee, compensation, revised rent and everything you need to know – BusinessToday
Clipped from: https://www.businesstoday.in/industry/banks/story/new-bank-locker-rules-from-jan-1-check-details-on-new-rules-rent-compensation-for-locker-holders-strap-as-per-rbis-revised-guidelines-banks-shall-ensure-that-any-unfair-terms-or-conditions-are-not-357389-2022-12-22 As per RBI’s new guidelines, which were declared on August 8, 2021, and came into effect on January 1, 2022, it is the
CCI will have to devise a methodology to gauge profiteering under GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/cci-will-have-to-devise-a-methodology-to-gauge-profiteering-under-gst/article66289767.ece The specifics of methodology has been inconsistent and ambiguous in the National Anti-profiteering Authority Starting this month, the Competition Commission of India is
Know how to transfer money from Paytm wallet to bank account – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/how-to/know-how-to-transfer-money-from-paytm-wallet-to-bank-account/article66291559.ece It can be done in seven simple steps Paytm users can transfer money from their wallets to their bank accounts or other bank
Poultry sector gains on easing feed costs, uptick in demand – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/poultry-sector-gains-on-easing-feed-costs-uptick-in-demand/article66293350.ece But industry concerned over 2023 on rising prices of maize The poultry sector saw an improved performance in 2022 compared to the previous
Was RBI’s latest rate hike driven by external factors? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/was-rbis-latest-rate-hike-driven-by-external-factors/article66294014.ece More than controlling inflation, the rate hike was meant to arrest capital outflow and prevent the rupee from depreciating further against the dollar
Weak case for reducing tax on cars – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/weak-case-for-reducing-tax-on-cars/article66293919.ece Taxes and other policies are geared towards encouraging a shift to electric vehicles to promote fuel economy and energy security Maruti Suzuki Chairman
Produce coal, not coal stations – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/produce-coal-not-coal-stations/article66293944.ece Cost of power from new thermal plants will exceed renewables, while pump storage is promising India has the fifth largest reserves of coal
File revised income-tax return to correct errors in original ITR by Dec 31 | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/file-revised-income-tax-return-to-correct-errors-in-original-itr-122122200823_1.html Any refund you are eligible for won’t be processed unless you correct the mistakes in your return After filing your income-tax return (ITR), you
Sebi penalises 2 people for insider trading in Deepak Fertilizers shares | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/sebi-penalises-2-people-for-insider-trading-in-deepak-fertilizers-shares-122122200871_1.html Capital markets regulator Sebi on Thursday imposed penalties totalling Rs 45 lakh on two individuals for indulging in insider trading in the shares
Costs and benefits | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/costs-and-benefits-122122201271_1.html Cryptos are speculative but underlying tech has merits Reserve Bank of India (RBI) Governor Shaktikanta Das, speaking at the Business Standard BFSI Insight Summit on Wednesday, was
No Effort by AO to SendDraft Assessment Order to Correct Address: ITAT quashes Order
Clipped from: https://www.taxscan.in/no-effort-by-ao-to-send-draft-assessment-order-to-correct-address-itat-quashes-order/236636/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Effort By Kalyani B Nair – On December 22, 2022 11:43 am The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), quashed assessment order on the ground that no effort
Tax Query: Will the sale of shares, transferred within family, attract tax? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-will-the-sale-of-shares-transferred-within-family-attract-tax/article66266442.ece Sale of such shares is taxable as Income from Capital Gains My mother-in-law wants to transfer equity shares to my name or my
Travel safe: Why buying insurance for your international vacation matters | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/travel-safe-why-buying-insurance-for-your-international-vacation-matters-122111801002_1.html Polices cover you against medical emergencies, flight cancellations or lost baggage If you plan to head to a foreign destination during the winter
Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC
Clipped from: https://www.taxscan.in/loss-on-forex-fluctuations-on-forward-contracts-are-deductible-u-s-371-of-income-tax-act-delhi-hc/236418/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Loss%20on%20Forex%20fluctuations By Navasree A M – On December 20, 2022 6:12 pm In a recent ruling of Delhi High Court (HC) of Justice Vibhu Bakhru and Justice
Transfer of Monetary Proceeds without underlying Import of Services are liable to IGST under RCM: AAR
Clipped from: https://www.taxscan.in/transfer-of-monetary-proceeds-without-underlying-import-of-services-are-liable-to-igst-under-rcm-aar/236499/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Transfer%20of%20Monetary By Manu Sharma A S – On December 21, 2022 10:36 am The Maharashtra Authority for Advance Ruling (AAR) has recently ruled that the transfer of
UPS and Printers are part of Computer Systems, 60 % Depreciation allowable: ITAT
Clipped from: https://www.taxscan.in/ups-and-printers-are-part-of-computer-systems-60-depreciation-allowable-itat/236533/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=UPS%20and%20Printers By Yogitha S. Yogesh – On December 21, 2022 10:49 am The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that UPS and Printers are part of
Ensuring food security for all – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ensuring-food-security-for-all/article66289558.ece The National Food Security Act could adopt standardised criteria to identify beneficiaries across States/UTs India’s development report cards have long been plagued by
Share buybacks best kept out of stock exchange route – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/share-buybacks-best-kept-out-of-stock-exchange-route/article66288778.ece Although SEBI has decided to close the stock exchange route for buybacks, it has left the tender route open for promoters wishing to
A Korean lesson in education – The Hindu BusinessLine*****
Clipped from: https://www.thehindubusinessline.com/opinion/a-korean-lesson-in-education/article66289928.ece As its population ages, the Asian powerhouse is shifting funding to higher education and re-skilling The world as a whole is getting older.
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