Clipped from: https://taxguru.in/income-tax/delay-9-years-condoned-reasonable-cause-non-receipt-intimation.html M.K. Hotels & Resorts Ltd Vs ACIT (ITAT Amritsar) ITAT Amritsar held that non-receipt of intimation resulted into no action on the part
Day: March 30, 2023
Tech sector H-1B workers’ spouses can continue to work in US, says judge
Clipped from: https://www.business-standard.com/world-news/tech-sector-h-1b-workers-spouses-can-continue-to-work-in-us-says-judge-123033000095_1.html The ability of H-1B holders’ spouses to also get jobs in the US has been a major attraction for highly skilled foreign workers,
👍👍👍bank locker agreement: You may have to sign revised bank locker agreement again – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/save/you-may-have-to-sign-revised-bank-locker-agreement-again/articleshow/99069684.cms Synopsis The Reserve Bank of India (RBI) has issued a circular on January 23, 2023 asking banks to ensure that model locker agreement
👍👍👍99.9% of UPI transactions are bank account-to-account: NPCI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/999-of-upi-transactions-are-bank-account-to-account-npci/article66676802.ece Following the inclusion of Prepaid Payment Instruments (PPI Wallets) in the interoperable UPI ecosystem, NPCI last week introduced an interchange fee on merchant transactions,
Lok Sabha passes Competition (Amendment) Bill 2022 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/lok-sabha-passes-competition-amendment-bill-2022/article66674656.ece Bill provides for the concept of ‘deal value threshold’ as an additional criterion for notifying M&As; levy of anti-trust penalties on the ‘global
👍👍👍👍👍Angel tax is draconian and unfair on start-ups – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/angel-tax-is-draconian-and-unfair-on-start-ups/article66676445.ece This tax is a relic from an era where the start-up scene was not vibrant There seems to be good reason for India’s
👍👍👍👍👍STT hike does more good than harm – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/stt-hike-does-more-good-than-harm/article66676724.ece The hike in STT on futures and options can check rampant speculation, besides correcting some imbalances in the market Every year when the
👍👍👍SEBI approves setting up backstop fund for debt mutual funds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/new-backstop-fund-mooted-to-bail-out-mf-debt-schemes-in-distress/article66676446.ece SEBI has made the Board of AMC responsible for protecting unitholders’ interests SEBI has introduced the “Corporate Debt Market Development Fund”, a backstop facility