Clipped from: https://taxguru.in/income-tax/mere-change-opinion-does-provide-jurisdiction-re-opening-assessment.html Survival Technologies Pvt. Ltd. Vs DCIT (Bombay High Court) The Hon’ble Bombay High Court in Survival Technologies Pvt. Ltd. v. the Deputy Commissioner of
Month: February 2023
Anti-profiteering provisions under GST & impact on businesses & consumers
Clipped from: https://taxguru.in/goods-and-service-tax/analysis-anti-profiteering-provisions-gst-impact-businesses-consumers.html Anti-Profiteering Measures under GST: An analysis of anti-profiteering provisions under GST and their impact on businesses and consumers Introduction The Goods and Services
TDS credit denial merely because the same is in the name of deceased person unsustainable
Clipped from: https://taxguru.in/income-tax/denial-tds-credit-merely-name-deceased-person-unsustainable.html Sh. Varinder Pal Vs ITO (ITAT Amritsar) ITAT Amritsar held that as income of the deceased person offered to tax, credit of TDS
🙏HDFC-HDFC Bank merger: NCLT reserves order after hearing HDFC, HDFC Bank’s counsels – BusinessToday
Clipped from: https://www.businesstoday.in/latest/corporate/story/hdfc-hdfc-bank-merger-nclt-reserves-order-after-hearing-hdfc-hdfc-banks-counsels-371789-2023-02-28 The merger was announced in April last year, with the merger ratio of 42 shares of HDFC Bank for 25 shares of HDFC.
Account aggregators can rescue MSMEs | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/panorama/account-aggregators-can-rescue-msmes-1195342.html Adoption of the AA ecosystem enables shifting away from the traditional asset-based lending approach to a cash-flow based approach Representative image. Credit: iStock
🙏🙏Two-wheeler sales in 2022, worst in a decade – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/two-wheeler-sales-in-2022-worst-in-a-decade/article66563310.ece Fewer takers. Increase in ownership cost, Covid-induced financial crunch hit entry-level models The cost of acquisition has gone up by 50 per cent
Vivad se Vishwaas: Industry seeks higher reimbursements and interest rates for MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/vivad-se-vishwaas-industry-seeks-higher-reimbursements-and-interest-rates-for-msmes/article66564166.ece Call for grievance redressal system on digital portals, simplification of KYC KARNATAKA MYSURU 15/02/2023: Stakeholders have sought a corpus fund in the State
Core sector output at a four-month high of 7.8% in January, shows data | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/core-sector-output-at-a-four-month-high-of-7-8-in-january-shows-data-123022801012_1.html Lower base, expansion in output of seven of eight industries attributed Growth in the output of the core sector, which consists of eight
👍Order Passed u/s 74 of GST without Considering Reply of Assessee is not Valid: Madras HC
Read More: https://www.taxscan.in/order-passed-u-s-74-of-gst-without-considering-reply-of-assessee-is-not-valid-madras-hc-read-order/257537/ Clipped from: https://www.taxscan.in/order-passed-u-s-74-of-gst-without-considering-reply-of-assessee-is-not-valid-madras-hc-read-order/257537/ In a recent case, the High Court ( HC ) of Madras has held that the order passed under section 74
👍Adani Group fallout? NBFC loans against shares under RBI scanner | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/nbfcs-loan-against-shares-and-big-credit-exposures-on-rbi-radar-123022701354_1.html The central bank’s Department of Supervision sought this information over the past week, and the deadline for submission of large exposure was on
👍👍👍Employment and participation | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/employment-and-participation-123022701408_1.html Female entry into labour force stays low The National Sample Survey Office, under the Union Ministry of Statistics and Programme Implementation, has released
👍Graded KYC for online gaming platforms likely to receive MeitY approval | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/meity-likely-to-approve-demand-for-graded-kyc-for-gaming-platforms-123022701218_1.html Platforms must follow verification procedure as prescribed under RBI’s directions for entities regulated by it The Ministry of Electronics and Information Technology is
👍👍👍PLI scheme boost: Apple creates 100,000 new direct jobs in 19 months | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/apple-vendors-suppliers-create-100k-jobs-in-19-months-of-pli-scheme-123022701005_1.html Foxconn, Pegatron and Wistron have generated 60 per cent of these new jobs Apple has become the single largest creator of blue collar jobs
*****House rent allowance: Tax exemption can be claimed on rent paid to parents | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/hra-exemption-can-be-claimed-on-rent-paid-to-parents-submit-landlord-s-pan-123022701060_1.html Prepare an agreement, pay rent into their bank accounts, and ensure they pay tax on it Salaried individuals who opt for the old tax regime,
👍Credit card spends at over ₹1-lakh crore for 11th straight month in Jan – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/credit-card-spends-cross-1-lakh-crore-for-11th-straight-month-in-jan/article66559945.ece In December, card spends stood at ₹1.26-lakh crore | Photo Credit: John Raoux Credit card spends were above the ₹1-lakh crore mark for
Blue economy could well be next GDP multiplier, says CAG Murmu – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/blue-economy-could-well-be-next-gdp-multiplier-says-cag-murmu/article66559935.ece Wants G20 nations to cooperate, do knowledge sharing for devising a coordinated audit response to blue economy CAG of India G C Murmu
🙏🙏🙏India Inc’s profit margin narrows in Dec quarter on high inflation: Icra | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/india-inc-s-profit-margin-narrows-in-dec-quarter-on-high-inflation-icra-123022700899_1.html?code=NTM4OTU9MTIzMDIyNzAwODk5 When viewed sequentially, the operating profit margin for the December quarter expanded by 1.80 per cent over the preceding September quarter, Icra Ratings
🙏Central banks, including RBI, may raise interest rates to combat inflation | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/central-banks-including-rbi-may-raise-interest-rates-to-combat-inflation-123022700489_1.html?code=NTM4OTU9MTIzMDIyNzAwNDg5 ECB President Christine Lagarde has already said the bank till hike rates, if needed The current mood among central banks, including the Reserve
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