Clipped from: https://www.business-standard.com/article/pf/optimise-80c-tax-saving-benefit-by-investing-in-scss-in-tranches-123031000846_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 They could invest in SCSS in tranches to optimise Sec 80C benefits and park some money in PMVVY before it closes on Mar
Month: March 2023
👍👍👍👍👍👍👍 Sebi resolves 2,672 complaints through SCORES platform in February | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-resolves-2-672-complaints-through-scores-platform-in-february-123031100562_1.html A total of 2,672 complaints against companies and market intermediaries received through capital markets regulator Sebi’s SCORES platform were disposed of in February,
👍👍👍SVB’s stranded deposits spread the pain from tech to Napa Valley | Business Standard News
Clipped from: https://www.business-standard.com/article/international/svb-s-stranded-deposits-spread-the-pain-from-tech-to-napa-valley-123031100147_1.html Silicon Valley Bank, once a darling of the California financial system, fell swiftly on Friday, a day after investors and depositors tried to
👍Tech Mahindra names former Infosys President Mohit Joshi as MD and CEO | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tech-mahindra-announces-appointment-of-mohit-joshi-designate-ceo-and-md-123031100275_1.html The board of directors has approved the appointment for a period of five years with effect from December 20, 2023 to December 19,
👍👍👍👍👍SVB chief Greg Becker sold $3.6 mn in stock days before bank’s failure | Business Standard News
SVB chief Greg Becker sold $3.6 mn in stock days before bank’s failure SVB chief Greg Becker sold $3.6 mn in stock days before bank’s
👍👍👍👍👍SVB depositors, investors tried to pull $42 bn on Thursday amid jitters | Business Standard News
Clipped from: https://www.business-standard.com/article/international/svb-depositors-investors-tried-to-pull-42-bn-on-thursday-amid-jitters-123031100079_1.html At the close of business on March 9, the bank had a negative cash balance of $958 million, according to an order taking
🙏I am open to buying collapsed Silicon Valley Bank, says Elon Musk | Business Standard News
lipped from: https://www.business-standard.com/article/international/i-am-open-to-buy-collapsed-silicon-valley-bank-says-twitter-ceo-elon-musk-123031100334_1.html Twitter boss Elon Musk on Saturday said that he is open to the idea of buying the collapsed Silicon Valley Bank (SVB) and
👍👍👍Silicon Valley Bank jitters likely to be felt among Indian start-ups | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/silicon-valley-bank-crisis-jitters-may-impact-indian-startup-shores-123031001146_1.html The company has investments in close to 21 start-ups in India The crisis at Silicon Valley Bank (SVB), which is in talks on
Penalty u/s 77 and 78 cannot be imposed in absence of evidence of Suppression of fact to evade Payment of Tax: CESTAT
Clipped from: https://www.taxscan.in/penalty-u-s-77-and-78-cannot-be-imposed-in-absence-of-evidence-of-suppression-of-fact-to-evade-payment-of-tax-cestat/260256/ By Yogitha S. Yogesh – On March 9, 2023 4:15 pm – 2 mins read The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) of Chennai Bench has held
🙏🙏🙏🙏🙏Transfer of Cases to call book and reviving after a long gap without any reasonable explanation is not allowable: Orissa HC
lipped from: https://www.taxscan.in/transfer-of-cases-to-call-book-and-reviving-after-a-long-gap-without-any-reasonable-explanation-is-not-allowable-orissa-hc/260245/ By Yogitha S. Yogesh – On March 9, 2023 3:15 pm – 2 mins read The Orissa High Court (HC) held that the transfer of cases to
🙏🙏🙏🙏🙏No Reasonable Cause for Delay in filing Appeal: ITAT Refuses to Condone Huge Delay of 3047 based on Vague Reasons
Clipped from: https://www.taxscan.in/no-reasonable-cause-for-delay-in-filing-appeal-itat-refuses-to-condone-huge-delay-of-3047-based-on-vague-reasons/260110/ By Fathima Karama A.M – On March 9, 2023 1:45 pm – 2 mins read The Hyderabad Bench of Income Tax Appellate Tribunal ( ITAT ) has refused to condone the
PAN-Aadhaar Linking: Income Tax Dept Issues FAQs
Clipped from: https://www.taxscan.in/pan-aadhaar-linking-income-tax-dept-issues-faqs/260282/ By Navasree A.M – On March 9, 2023 1:34 pm – 6 mins read The Income Tax Department issued the FAQs which are valid till 31st March
AO failed to Produce Evidence for Cash Sales: ITAT deletes Addition
Clipped from: https://www.taxscan.in/ao-failed-to-produce-evidence-for-cash-sales-itat-deletes-addition/259777/ By Fathima Karama A.M – On March 9, 2023 1:15 pm – 2 mins read The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has deleted the addition as
Monthly Rent paid by Company cannot be Allowed as Expenditure as Flat was Never Used for Business Purpose: ITAT
Clipped from: https://www.taxscan.in/monthly-rent-paid-by-company-cannot-be-allowed-as-expenditure-as-flat-was-never-used-for-business-purpose-itat/260088/ By Fathima Karama A.M – On March 9, 2023 12:45 pm – 2 mins read The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that the monthly
👍Maharashtra Amnesty Scheme, 2023 for Goods and Services Tax Department
Clipped from: https://taxguru.in/goods-and-service-tax/maharashtra-amnesty-scheme-2023-goods-services-tax-department.html HIGHLIGHTS OF THE MAHARASHTRA STATE BUDGET SPEECHDATED 9TH MARCH, 2023BY HONOURABLE DEPUTY CHIEF MINISTER (FINANCE)SHRI DEVENDRA FADNAVIS PART-II (A) Amnesty Scheme, 2023 for Goods
👍ITC not eligible even if preceding seller not discharged its GST liability
Clipped from: https://taxguru.in/goods-and-service-tax/itc-eligible-preceding-seller-discharged-gst-liability.html In re Vimal Alloys Pvt. Ltd. (GST AAR Punjab) Question 1. Whether the purchaser is entitled to claim Input Tax Credit on the purchases
👍Advisory on Mandatory reporting of 6 digit HSN codes
Clipped from: https://taxguru.in/goods-and-service-tax/advisory-mandatory-reporting-6-digit-hsn-codes.html Mandatory reporting of 6 digit HSN codes as per Notification No. 78/2020 – Central Tax dated 15/10/2020 Attention Taxpayers As per the Notification No.
👍👍👍Assessment orders passed without affording opportunity of hearing to assessee is violative of principles of natural justice
Clipped from: https://taxguru.in/goods-and-service-tax/assessment-orders-passed-affording-opportunity-hearing-assessee-violative-principles-natural-justice.html Hon’ble Madras High Court in M/s. Novateur Electrical & Digital Systems Pvt. Ltd v. the Assistant Commissioner (ST) and Ors. has quashed the assessment orders