Clipped from: https://taxguru.in/income-tax/section-80p2d-deduction-eligible-co-op-societies-interest-co-op-banks.html Manila Sahayak Gruh Udyogsaha Vs ACIT (ITAT Ahmedabad) There is no dispute that Panchmahal District Co-operative Bank Limited and Dahod Urban Co-operative Bank
Day: May 9, 2023
👍👍👍👍👍👍👍Credit society eligible for section 80P(2)(a)(i) deduction on interest on surplus funds with Union Bank
Clipped from: https://taxguru.in/income-tax/credit-society-eligible-section-80p2ai-deduction-interest-surplus-funds-union-bank.html Ghatkesar Farmers Service Cooperative Society Limited Vs ITO (ITAT Hyderabad) ITAT held that assessee being a primary agricultural co-operative society invested the own
No obligation to deduct section 194H TDS if commission not debited to Profit & Loss Account
Clipped from: https://taxguru.in/income-tax/obligation-deduct-section-194h-tds-commission-debited-profit-loss-account.html Ketan Sahebrao Purkar Vs ITO (ITAT Pune) The issue involved in the present appeal is whether on the facts and circumstances of the
👍👍👍👍👍👍👍Income Tax on Non-Resident Indians who sell House Property in INDIA
Clipped from: https://taxguru.in/income-tax/income-tax-non-resident-indians-sell-house-property-india.html Capital Gains Tax applies if Non-Residents sell any House Property in India. The Tax is payable on gains depending on whether it is
👍👍👍👍👍Demand of extended period not sustainable If no suppression of facts
Clipped from: https://taxguru.in/excise-duty/demand-extended-period-sustainable-suppression-facts.html C.C.E.-Ahmedabad Vs Quippo Energy Pvt Limited (CESTAT Ahmedabad) CESTAT held that since there is no suppression of fact, demand of extended period is
TDS not deductible on Foregone Salary & Employee cannot claim credit
Clipped from: https://taxguru.in/income-tax/tds-deductible-foregone-salary-employee-claim-credit.html Rajeshwera Rao Peri Vs CIT (TDS) (ITAT Delhi) The facts in brief are that the appellant was working as Ex-Chief Manager, Oriental Bank
Attachment of Bank Account: Calcutta HC directs Assistant Commissioner of Revenue to file Affidavit-in-Opposition
Read More: https://www.taxscan.in/attachment-of-bank-account-calcutta-hc-directs-assistant-commissioner-of-revenue-to-file-affidavit-in-opposition/276020/ Clipped from: https://www.taxscan.in/attachment-of-bank-account-calcutta-hc-directs-assistant-commissioner-of-revenue-to-file-affidavit-in-opposition/276020/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Attachment%20of%20Bank%20Account:%20Calcutta%20HC%20directs%20Assistant%20Commissioner%20of%20Revenue%20to%20file%20Affidavit-in-Opposition In a recent decision the Calcutta High Court directed the Assistant Commissioner of Revenue to file affidavit-in-opposition in the matter of
Use cost-effective, accessible group term cover to boost coverage
Clipped from: https://www.business-standard.com/finance/personal-finance/use-cost-effective-accessible-group-term-cover-to-boost-coverage-123050900906_1.html However, supplement this plan with an individual term policy for enhanced security Photo: Shutterstock Listen to This Article Bajaj Allianz Life Insurance Company
Zomato Shares sink 6% after rival food delivery aggregator Swiggy markdown
Clipped from: https://www.business-standard.com/companies/news/zomato-shares-sink-6-after-rival-food-delivery-aggregator-swiggy-markdown-123050900847_1.html Zomato ended the session at Rs 60.94 (BSE), valuing the food delivery company at Rs 52,281 crore Listen to This Article Shares of
Centre to come up with creditor-led insolvency resolution framework: Report
Clipped from: https://www.business-standard.com/economy/news/centre-to-come-up-with-creditor-led-insolvency-resolution-framework-report-123050900171_1.html The creditors and debtors will be allowed to reach an informal agreement to resolve the bankruptcy case and later approach the NCLT to
Apollo Tyres Q4 profit jumps 4-fold on lower rubber costs, strong demand
Clipped from: https://www.business-standard.com/companies/results/apollo-tyres-beats-q4-profit-view-on-lower-rubber-costs-strong-demand-123050900995_1.html Apollo also recommended a final dividend of Rs 4 per share Listen to This Article Indian tyre maker Apollo Tyres Ltd. reported a
Swingy, Zomato may not offer steep discounts after govt-owned ONDC move
Clipped from: https://www.business-standard.com/companies/news/swiggy-zomato-may-partner-with-ondc-instead-of-getting-into-a-price-war-123050800905_1.html E-food delivery majors may instead partner the govt network Meanwhile, ONDC is not the only firm that’s gearing up for a fight Online
Roads, traffic and GDP
Clipped from: https://www.business-standard.com/opinion/columns/roads-traffic-and-gdp-123050801088_1.html Addressing the problem of slow and chaotic traffic movement could enhance productivity and welfare in India Listen to This Article We are all
The tap still left open
Clipped from: https://www.business-standard.com/opinion/columns/the-tap-still-left-open-123050801087_1.html Continuing fiscal laxity in the US means monetary policy must do more of the inflation fighting, increasing risks of financial accidents Illustration: Binay
Layoffs 2023: Edtech firm Cuemath lays off 100 employees; founder returns as CEO
Clipped from: https://www.business-standard.com/companies/news/google-backed-tutoring-platform-cuemath-gives-pink-slips-to-100-employees-123050800474_1.html Edtech companies laying off employees to conserve cash and focus on profitability Listen to This Article Cuemath, the online math tutor, is laying
🙏At record 795 tonnes, RBI’s gold reserves see sharp on-year spike
Clipped from: https://www.business-standard.com/finance/news/at-record-795-tonnes-rbi-s-gold-reserves-see-sharp-on-year-spike-123050801126_1.html Photo: Bloomberg Listen to This Article The share of the country’s foreign currency assets deployed in overseas securities rose to 80.76 per cent
FSDC discusses need for more early warning indicators for economy
Clipped from: https://www.business-standard.com/finance/news/fsdc-discusses-need-for-more-early-warning-indicators-for-economy-123050800993_1.html ‘Ensuring financial stability is shared responsibility’ Finance Minister Nirmala Sitharaman | PTI photo Listen to This Article Amid the continuing liquidity crisis in
🙏Co-living segment set for rapid expansion, predicts report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/real-estate/co-living-segment-set-for-rapid-expansion-predicts-report/article66823306.ece Stakeholders predict the co-living segment will have 450,000 beds by 2024, driven primarily by organised players from the current 210,000 beds. India is
🙏🙏🙏🙏🙏Reverse mortgage: A boon for the elderly – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/reverse-mortgage-a-boon-for-the-elderly/article66827810.ece This instrument provides a valuable income stream for the retired, but more needs to be done to popularise it In India, older citizens
US bank runs could hurt Indian IT – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/us-bank-runs-could-hurt-indian-it/article66827980.ece The Indian IT industry could face disruption, thanks to its overarching reliance on Europe and US markets The recent collapse of Silicon Valley