Month: May 2023
Why CAs have been brought under PMLA’s ambit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-cas-have-been-brought-under-pmlas-ambit/article66824372.ece The trigger may have been the role of CAs in Chinese loan apps. But lawyers too must be subject to similar scrutiny On
Perils of trading globally in Re – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/perils-of-trading-globally-in-rupee/article66824402.ece Money matters. It could lead to convertibility of the currency on the capital account, for which India may not be ready In recent
What if US debt ceiling is not raised? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-what-if-us-debt-ceiling-is-not-raised/article66829786.ece Moody’s Analytics predicts that a four-month default would shave around 4 per cent from US GDP and result in companies slashing nearly seven
Capital Gain Tax – Date of Purchase or Construction of New Property? Part I
Clipped from: https://taxguru.in/income-tax/capital-gain-tax-date-purchase-construction-property.html 1. The Capital Gain Tax provisions are covered under sections 45 to 55 of the Income Tax Income-tax Act, 1961. These provisions are
👍👍👍👍👍👍👍Process and Documents Required for Obtaining Digital Signature Certificate (DSC)
Clipped from: https://taxguru.in/chartered-accountant/process-documents-required-obtaining-digital-signature-certificate-dsc.html What is DSC? Digital Signature Certificate (DSC) is the most popular and convenient mode of signing any document. DSC is the digital method
Shell firms under scanner of tax authorities over fake ITC claims
Clipped from: https://www.business-standard.com/economy/news/gst-authorities-prepare-list-of-suspicious-entities-beneficiaries-123051001088_1.html A special drive starting May 16 to weed out bogus GST invoices Illustration: Ajay Mohanty Listen to This Article Thousands of entities and
Cash crunch pushing up funding costs in India deterring more RBI hikes
Clipped from: https://www.business-standard.com/economy/news/cash-crunch-increases-funding-costs-in-india-deterring-more-rbi-hikes-123051100465_1.html The weighted average call rate, an overnight funding cost rate the central bank monitors, was at 6.78% on Wednesday, above the upper band
RBI’s climate finance push is significant – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbis-climate-finance-push-is-significant/article66835212.ece Clear definitions on what constitutes ‘green’ is vital The Reserve Bank of India’s (RBI) recently released Report on Currency and Finance (RCF) spells
👍👍👍👍👍Non receipt of Notices: HC quashes Order of Maharashtra Sales Tax Tribunal
Clipped from: https://taxguru.in/goods-and-service-tax/non-receipt-notices-hc-quashes-order-maharashtra-sales-tax-tribunal.html Kirloskar Oil Engines Ltd. Vs State of Maharashtra and Ors. (Bombay High Court) Heard learned Counsel for the parties. 2. By this Petition,
👍👍👍AO to provide reasons to disbelieve bank statements for reopening of assessment
Clipped from: https://taxguru.in/income-tax/ao-provide-reasons-disbelieve-bank-statements-reopening-assessment.html Aditi Constructions Vs DCIT (Bombay High Court) We find that the jurisdictional conditions for invoking section 147 – 148 are not satisfied as
👍👍👍👍👍👍👍Composition Scheme Under GST – A Boon to Small & Medium Scale Enterprises
Clipped from: https://taxguru.in/goods-and-service-tax/composition-scheme-gst-boon-small-medium-scale-enterprises.html The composition scheme under the CGST Act is intended specifically for small taxpayers in order to facilitate compliance and simplify tax levies. It
👍👍👍👍👍👍👍Notice to Creditors before admitting IBC Section 10 Application is Not mandatory
Clipped from: https://taxguru.in/corporate-law/notice-creditors-admitting-ibc-section-10-application-mandatory.html In re Go Airlines (India) Limited (NCLT Delhi) Hon’ble National Company Law Tribunal (NCLT), Principal Bench, New Delhi in the matter of Go
GST: FinMin lowers e-invoicing threshold to ₹5 crore from August 1 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gst-finmin-lowers-e-invoicing-threshold-to-5-crore-from-august-1/article66837529.ece Currently, businesses with turnover of ₹10 crore and above are required to generate e-invoice for all B2B transactions The Finance Ministry has issued
ITAT quashes Ex-parte Order due to Non-Service of Notice, grants Assessee Opportunity of Hearing
Read More: https://www.taxscan.in/itat-quashes-ex-parte-order-due-to-non-service-of-notice-grants-assessee-opportunity-of-hearing/276690/ Clipped from: https://www.taxscan.in/itat-quashes-ex-parte-order-due-to-non-service-of-notice-grants-assessee-opportunity-of-hearing/276690/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=ITAT%20quashes%20Ex-parte%20Order%20due%20to%20Non-Service%20of%20Notice,%20grants%20Assessee%20Opportunity%20of%20Hearing The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) recently quashed an ex-parte order due to the non-service of notice and granted
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