Month: May 2023
🙏हा अग्रलेख IBC 2016 या कायद्याबाबत व या कायद्याच्या अमलबजावणी बाबत आलेल्या अपयशाबद्दल आहे. मुळात बर्याच जणांचा या कायद्यामुळे वसुली होईल हा भ्रम आहे. मूळ हेतू तो नाहीच. अडचणीत आलेला व्यवसाय त्यातून बाहेर पडून परत रुळावर यावा हा उद्देश आहे. जर या दिशेने झालेले प्रयत्न अयशस्वी झाले तर liquidation चा मार्ग चोखाळला जावा –असा हा कायदा आहे परंतु जेव्हा liquidation चा पर्याय उपलब्ध होतो [ किंवा करून दिला जातो असे म्हणु हवे तर ] तेंव्हा फार उशीर झालेला असतो. Assets ची किंमत कमी होते [ केली जाते? ] व झालेली वसुली [ केलेली नव्हे –वसुली होणे व करणे या दोन्ही मध्ये फरक आहे] –म्हणुन कायदा वीक आहे असे म्हणणे योग्य नाही. जर योग्य तर्हेने हा कायदा राबवण्यात आपण यशस्वी झालो तर श्री अरुण जेटली म्हणाले त्याप्रमाणे कर्जावर पैसे घ्या म्हणुन बँकांच्या पाठीमागे लागतील. अजूनही पुष्कळ लिहिण्यासारखे आहे पण तूर्तास एव्हडेच पुरे.
हा कायदा भारतात 2016 साली अमलात आला पण अमेरिकेत 1980 सालापासून आहे. अतिशय efficiently अमलबजावणी चालू आहे. [2] आपल्याकडे हा कायदा राबवणारी यंत्रणा सक्षम नाही
Comprehensive IT platform needed for end-to-end digitisation of IBC activities, says IBBI chief Mital
Clipped from: https://www.thehindubusinessline.com/economy/comprehensive-it-platform-needed-for-end-to-end-digitisation-of-ibc-activities-says-ibbi-chief-mital/article66853598.ece Current challenge of disintegrated IT platforms affecting IBC efficiency IBC stakeholders working in silos having created operational fragmentation, IBBI chief Ravi Mital has
GST evasion. Centre, States to initiate special drive against fake GST registration from Tuesday
lipped from: https://www.thehindubusinessline.com/economy/centre-states-to-initiate-special-drive-against-fake-gst-registration-from-tuesday/article66852277.ece A Special All-India Drive may be launched by all tax administrations to detect fake GSTINs and to conduct verification to weed out these
Bridging the care deficit
Clipped from: https://www.thehindubusinessline.com/opinion/bridging-the-care-deficit/article66854445.ece Working women will benefit from care givers A cartoon making the rounds on social media showed eight professionals, including a cook, a driver,
GST collections: hype and reality – The Hindu BusinessLine
GST collections: hype and reality GST collections: hype and reality – The Hindu BusinessLine Clipped from: https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/gst-collections-hype-and-reality/article66854556.ece The GST regime has resulted in fiscal stress in
A leg-up for start-ups
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/a-leg-up-for-start-ups/article66854576.ece Start-ups need supportive policies now If fund-raising became difficult for start-ups in 2022 due to the interest rate hikes of global central banks
No Penalty u/s 271B of Income Tax Act when there is Reasonable Cause for not getting Audited u/s 44AB: ITAT
Read More: https://www.taxscan.in/no-penalty-u-s-271b-of-income-tax-act-when-there-is-reasonable-cause-for-not-getting-audited-u-s-44ab-itat/276903/ Clipped from: https://www.taxscan.in/no-penalty-u-s-271b-of-income-tax-act-when-there-is-reasonable-cause-for-not-getting-audited-u-s-44ab-itat/276903/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Penalty%20u/s%20271B%20of%20Income%20Tax%20Act%20when%20there%20is%20Reasonable%20Cause%20for%20not%20getting%20Audited%20u/s%2044AB:%20ITAT By Aparna. M – On May 11, 2023 4:00 pm – 2 mins read The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has recently held
IT sector faces 30% dip in freshers hiring amid industry downturn – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/it-sector-faces-30-dip-in-freshers-hiring-amid-industry-downturn/article66853291.ece The IT industry has been challenged by automation, artificial intelligence, and changing customer preferences, but there will be a surge in jobs for
Mitigating spillovers of financial risk – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/mitigating-spillovers-of-financial-risk/article66850780.ece Broad macro-prudential regulation reduces incentives for excess risk-taking and can close arbitrage gaps Among developing economies, emerging markets (EMs) are relatively more open
👍Assessment Order passed without due opportunity to Legal Heirs- HC remands matter back to AO
Clipped from: https://taxguru.in/income-tax/assessment-order-passed-due-opportunity-legal-heirs-hc-remands-matter-back-ao.html Prema Rengarajan Vs DCIT (Madras High Court) Learned Standing counsel appearing for the Department pointed out that after the death of the original
👍Sales Reversal Entry is not Unexplained Expenditure: ITAT quashes Revision Proceedings
Clipped from: https://www.taxscan.in/sales-reversal-entry-is-not-unexplained-expenditure-itat-quashes-revision-proceedings/277130/ The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), quashed revision proceedings under Section 263 of the Income Tax Act, 1961 and held that the sales
👍Notice u/s 143(2) not issued by AO: ITAT quashes Income Tax Assessment Order
Clipped from: https://www.taxscan.in/notice-u-s-1432-not-issued-by-ao-itat-quashes-income-tax-assessment-order/276997/ The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has quashed the assessment order holding that notice under Section 143(2) of the Income Tax Act, 1961 was
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