Clipped from: https://www.business-standard.com/companies/news/the-runway-for-mortgage-finance-in-the-country-is-immense-deepak-parekh-123042200394_1.html “Urbanisation in India is an irreversible trend. Currently 32 per cent of the population reside in cities and this is expected to be
Month: April 2023
Reliance Industries withdraws proposal to merge subsidiary RNEL with itself
lipped from: https://www.business-standard.com/companies/news/reliance-industries-withdraws-proposal-to-merge-subsidiary-rnel-with-itself-123042200749_1.html RNEL will undertake the conglomerate’s new energy/renewable energy business Photo: Shutterstock Listen to This Article Reliance Industries (RIL) on Saturday said the company’s
👍India is emerging as a hub for complex, high-end surgeries, treatment
Clipped from: https://www.business-standard.com/industry/news/india-emerges-as-a-hub-for-complex-high-end-surgeries-123042300310_1.html India is not only performing complex surgeries but is also setting new standards of care prompting more and more people to travel to
👍Google halts 80-acre San Jose campus due to economic slowdown: Report
Clipped from: https://www.business-standard.com/world-news/google-s-halts-80-acre-san-jose-campus-due-to-economic-slowdown-report-123042300362_1.html Google has no plans to revive the project in the near future Photo: Bloomberg Listen to This Article Google has stopped the construction
GST evasion: Taxmen using data analytics to identify ‘missing link’ in supply chain – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-evasion-taxmen-using-data-analytics-to-identify-missing-link-in-supply-chain/articleshow/99703434.cms Synopsis The modus operandi adopted by fraudsters included short payment of tax by undervaluing taxable goods and services, wrong availment of exemption notifications,
👍👍👍No section 271B penalty for not getting Account Audited due to health issues
Clipped from: https://taxguru.in/income-tax/section-271b-penalty-account-audited-due-health-issues.html Suryavathi Gandiboina Vs ACIT (ITAT Hyderabad) A perusal of the various details filed by the assessee shows that the assessee was not keeping
👍Section 143(3) order invalid if Passed without Issuing Section 143(2) notice
Clipped from: https://taxguru.in/income-tax/section-1433-order-invalid-passed-issuing-section-1432-notice.html Manjit Kaur Vs ITO (ITAT Chandigarh) ITAT held that the assessment order is bad in law for the reason that the assessing authority
👍Rs. 20000 Limit under section 269SS & 269T is person wise
Clipped from: https://taxguru.in/income-tax/rs-20000-limit-section-269ss-269t-person-wise.html Shri Deepak Mata Vs JCIT (ITAT Jaipur) Bench found that the plain reading of both the Sections denotes that Section 269SS is attracted
👍👍👍👍👍👍👍Registration Under GST – Who Must Register
Clipped from: https://taxguru.in/goods-and-service-tax/registration-gst-register.html GST (GOODS & SERVICES TAX) is applicable in India from 01/07/2017, under the supervision of our honorable prime minister Mr Narendra Modi. GST replaced other
ICICI Bank Q4 net profit rises 30% to Rs 9,122 crore on margin expansion
lipped from: https://www.business-standard.com/companies/results/icici-bank-q4-net-profit-rises-30-to-rs-9-122-crore-on-margin-expansion-123042200588_1.html ICICI Bank’s yield on advances was 9.75 per cent during the January-March quarter, and in the previous quarter it was 9.13 per cent
Govt likely to announce retail trade policy, accident insurance scheme soon
Clipped from: https://www.business-standard.com/india-news/govt-likely-to-announce-retail-trade-policy-accident-insurance-scheme-soon-123042300209_1.html The government is expected to announce a national retail trade policy and an accident insurance scheme soon with a view to supporting GST-registered
The HR ailment of public sector banks
clipped from: https://www.business-standard.com/opinion/columns/the-hr-ailment-of-public-sector-banks-123042300314_1.html Incidents of suicides highlight the prevalent work culture in PSBs It may sound like an apocryphal story. But it’s not. Early March, when
👍👍👍More interest rate hikes done than necessary: MPC’s Jayanth Varma
More interest rate hikes done than necessary: MPC’s Jayanth Varma https://economictimes.indiatimes.com/news/economy/policy/more-interest-rate-hikes-done-than-necessary-mpcs-jayanth-varma/articleshow/99682812.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
👍👍👍👍👍Addition u/s. 68 merely based on SMS or WhatsApp messages without corroborative evidence unsustained
Clipped from: https://taxguru.in/income-tax/addition-u-s-68-based-sms-whatsapp-messages-corroborative-evidence-unsustained.html Atul Tantia Vs DCIT (ITAT Kolkata) ITAT Kolkata held that addition towards undisclosed income u/s 68 of the Income Tax Act merely based
👍👍👍👍👍👍👍Section 18: Availability of Input Tax Credit Under Special Circumstances
Clipped from: https://taxguru.in/goods-and-service-tax/section-18-availability-input-tax-credit-special-circumstances.html What does Section 18 say: Section 18 of the CGST ACT 2017 talks about the Input Tax Credit availability under special circumstances such as in
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