Month: May 2023
Expenses Incurred for Gifts to Customers by Company during Festivals Allowable u/s 37 of Income Tax Act: ITAT
Read More: https://www.taxscan.in/expenses-incurred-for-gifts-to-customers-by-company-during-festivals-allowable-u-s-37-of-income-tax-act-itat/282294/ Clipped from: https://www.taxscan.in/expenses-incurred-for-gifts-to-customers-by-company-during-festivals-allowable-u-s-37-of-income-tax-act-itat/282294/ The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the expenses incurred for gifts to customers by company during festivals would be
👍👍👍👍👍👍👍Case Digest: Capital gain on Property (Part -2)
Read More: https://www.taxscan.in/case-digest-capital-gain-on-property-part-2/282686/ Clipped from: https://www.taxscan.in/case-digest-capital-gain-on-property-part-2/282686/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Case%20Digest:%20Capital%20gain%20on%20Property%20(Part%20-2) Profits or gains arising from the transfer of an immovable property, held as a capital asset, are taxed under the head
👍👍👍👍👍👍👍Claiming Section 80G Deduction: A Guide to Include it in Your ITR Filing
Read More: https://www.taxscan.in/claiming-section-80g-deduction-a-guide-to-include-it-in-your-itr-filing/282017/ Clipped from: https://www.taxscan.in/claiming-section-80g-deduction-a-guide-to-include-it-in-your-itr-filing/282017/ The Income Tax Act of 1961 includes the rules and regulations that govern the Indian taxation system. This Act has been
👍👍👍👍👍👍👍Case Digest: Capital gain on Property
Case Digest: Capital gain on Property https://www.taxscan.in/case-digest-capital-gain-on-property-part-1/282450/ Profits or gains arising from the transfer of an immovable property, held as a capital asset, are taxed
👍👍👍👍👍👍👍CBDT issues Income Tax Return Validation Rules for ITR-1, ITR-2 and ITR-4 for AY 2023-24
Read More: https://www.taxscan.in/cbdt-issues-income-tax-return-validation-rules-for-itr-1-itr-2-and-itr-4-for-ay-2023-24/282585/ Clipped from: https://www.taxscan.in/cbdt-issues-income-tax-return-validation-rules-for-itr-1-itr-2-and-itr-4-for-ay-2023-24/282585/ The Central Board of Direct Taxes has issued income tax returns validation rules for ITR-1, ITR-2 and ITR-4 for the Assessment Year 2023-2024.
FinMin implements e-Appeals scheme to reduce pending appeals and streamline disposal process
https://www.thehindubusinessline.com/economy/policy/finmin-notifies-scheme-to-deploy-100-joint-commissioner-level-officers-to-dispose-small-it-appeals/article66911823.ece Clipped from: https://www.thehindubusinessline.com/economy/policy/finmin-notifies-scheme-to-deploy-100-joint-commissioner-level-officers-to-dispose-small-it-appeals/article66911823.ece The scheme establishes the role of Joint Commissioner of Income-tax (Appeals) to handle small appeals and certain orders In order to reduce
RBI sure of India’s growth, but stresses on reforms sustaining – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/rbi-sure-of-indias-growth-but-stresses-on-reforms-sustaining/article66911062.ece Clipped from: https://www.thehindubusinessline.com/economy/rbi-sure-of-indias-growth-but-stresses-on-reforms-sustaining/article66911062.ece Central bank sees FY24 GDP growth at 6.5%; flags uninspiring global outlook India’s growth momentum is likely to be sustained in 2023-24
If banks are into window dressing, RBI should act
https://www.thehindubusinessline.com/opinion/editorial/editorial-if-banks-are-into-window-dressing-rbi-should-act/article66908447.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/editorial-if-banks-are-into-window-dressing-rbi-should-act/article66908447.ece If banks are using methods such as entering into structured deals with a stressed borrower to conceal the bad loan, the RBI
Organs, tissue for transplantation can be carried by metro now
https://www.thehindubusinessline.com/news/organs-tissue-for-transplantation-can-be-carried-by-metro-now/article66910684.ece Clipped from: https://www.thehindubusinessline.com/news/organs-tissue-for-transplantation-can-be-carried-by-metro-now/article66910684.ece The Metro Railways (Carriage and Ticket) Rules, 2014, have been amended to allow transportation of human organs or tissues or both for
e-Rupee yet to take off in a big way – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/e-rupee-yet-to-take-off-in-a-big-way/article66911436.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/e-rupee-yet-to-take-off-in-a-big-way/article66911436.ece Total e-Re in circulation stood at ₹16.39 crore in FY23 After five months since the launch of central bank digital currency –
RBI plans new payment system to tackle disruption
https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-plans-new-payment-system-to-safeguard-essential-payments-against-digital-attack-natural-calamities/articleshow/100616716.cms Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-plans-new-payment-system-to-safeguard-essential-payments-against-digital-attack-natural-calamities/articleshow/100616716.cms Synopsis In its annual report 2023-23, RBI has mentioned conceptualising this new lightweight and portable payment system that can be operated from
ONDC set to launch an Academy to train network partners
https://www.thehindubusinessline.com/economy/ondc-set-to-launch-an-academy-to-train-network-partners/article66881271.ece lipped from: https://www.thehindubusinessline.com/economy/ondc-set-to-launch-an-academy-to-train-network-partners/article66881271.ece The course modules are being designed by the internal team, which is who are currently handholding network participants to get onboard ONDC
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