Clipped from: https://www.financialexpress.com/money/how-to-make-a-living-from-trading-stocks/3071306/ Trading stocks is risky, and there are no guarantees of success. However, with the right approach, you can make a living from trading
Month: May 2023
benami: Taxman has a ‘benami’ key to exhume deals assumed long done and dusted – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/taxman-has-a-benami-key-to-exhume-deals-assumed-long-done-and-dusted/articleshow/99996382.cms Synopsis Indian tax officials, looking into suspected benami deals, are pressing wealthy individuals about transactions that occurred long before the Benami Transactions (Prohibition)
damodaran: More dominos waiting to fall in the US banking business: Aswath Damodaran – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/more-dominos-waiting-to-fall-in-the-us-banking-business-aswath-damodaran-warns/articleshow/100033158.cms Synopsis Valuation guru Aswath Damodaran believes there are more dominos waiting to fall in the US banking business, with banks that have grown
MOTOR INSURANCE: Pay lower premium if you drive less | The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/motor-insurance-pay-lower-premium-if-you-drive-less/3074614/ Pay-as-you-drive policy’s premium is based on your driving habits In case of PAYD, similar to all motor insurance policies, the premium of the
TAX TALK: Co-owners to get tax benefit based on share of ownership | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/tax-talk-co-owners-to-get-tax-benefit-based-on-share-of-ownership/3074603/ Both co-owners must show payment proof for their share in the house. On sale of the property, the capital gain is taxable in
Irdai asks insurance companies to lay down social media guidelines for employees | The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/irdai-asks-insurance-companies-to-lay-down-social-media-guidelines-for-employees/3069257/ IRDAI said that the personal image projected in social media affects an individual’s reputation and may affect the reputation of organisation. Implementing this
What critics of the govt miss: Not much is lost if the PLI scheme fails
Clipped from: https://www.business-standard.com/opinion/columns/what-critics-of-the-govt-miss-not-much-is-lost-if-the-pli-scheme-fails-123050500861_1.html Seeking a repeat of the East Asian model of merchandise export-led growth is a chimera. For India, services drive export growth, writes T
🙏CBIC to conduct two-month-long special drive to curb ITC fraud menace
Clipped from: https://www.business-standard.com/finance/news/cbic-to-conduct-two-month-long-special-drive-to-curb-itc-fraud-menace-123050501049_1.html “The move would likely help in curbing tax evasion,” said Saurabh Agarwal, Tax Partner, EY Central Board of Indirect Taxes and Customs Listen
🙏No capital Gain Tax on Gift of Immovable Property to Sister
Clipped from: https://taxguru.in/income-tax/capital-gain-tax-gift-immovable-property-sister.html Sanjay Bansal Vs ITO (ITAT Delhi) The transfer/ gift deed available at pages 85-140 of the Paper Book reveals that the transfer/ gift
Exemption u/s 54 available even if capital gain is invested in more than one residential houses
Clipped from: https://taxguru.in/income-tax/exemption-u-s-54-capital-gain-invested-residential-houses.html Anu Gera Vs ITO (ITAT Delhi) ITAT Delhi held that benefit of exemption under section 54 of the Income Tax Act available even
10 Recent Landmark Judgements Under GST
Clipped from: https://taxguru.in/goods-and-service-tax/landmark-judgements-gst.html The Goods and Services Tax Law is only around 6 years old, but we already have a number of judgements from the Honourable
Books cannot be rejected without showing defect in books of account maintained
Clipped from: https://taxguru.in/income-tax/books-rejected-showing-defect-books-account-maintained.html PCIT Vs Swananda Properties Pvt Ltd (Bombay High Court) We note that the books of accounts of the Respondent were rejected by the
Revocation of RERA registration under Section 7
Clipped from: https://taxguru.in/corporate-law/revocation-rera-registration-section-7.html Revocation of RERA registration – Real Estate (Regulation and Development) Act, 2016 – Section 7 RERA Real Estate (Regulation and Development) Act, 2016,
GST Authorities attach Bank Account without Issuing Notice: Orissa HC directs to file appeal before Appropriate Authority u/s 107 of Orissa GST Act
Clipped from: https://www.taxscan.in/gst-authorities-attach-bank-account-without-issuing-notice-orissa-hc-directs-to-file-appeal-before-appropriate-authority-u-s-107-of-orissa-gst-act/275476/ While entertaining the writ petition, a Division Bench of Justice Dr. B. Sarangi and Justice M.S. Raman of Orissa High Court directed the
Non-issue of Notice of Proceeding to Kirloskar Oil Engines: Bombay HC quashes Order by Maharashtra Sales Tax Tribunal
Read More: https://www.taxscan.in/non-issue-of-notice-of-proceeding-to-kirloskar-oil-engines-bombay-hc-quashes-order-by-maharashtra-sales-tax-tribunal/275377/ Clipped from: https://www.taxscan.in/non-issue-of-notice-of-proceeding-to-kirloskar-oil-engines-bombay-hc-quashes-order-by-maharashtra-sales-tax-tribunal/275377/ The Bombay High Court quashed the order passed by the Maharashtra Sales Tax Tribunal on non-issuance of notice of proceeding to
👍👍👍👍👍Interest on deposits cannot be treated as business Income for Section 44AD
Clipped from: https://taxguru.in/income-tax/interest-deposits-treated-business-income-section-44ad.html Euro Homes Vs DCIT (ITAT Chennai) In so far as interest on deposits is concerned, the assessee has included interest received from deposits
👍👍👍👍👍Section 148 notice without Higher Authority Approval is invalid
Clipped from: https://taxguru.in/income-tax/section-148-notice-higher-authority-approval-invalid.html Smt. Rashmi Bansal Vs CIT (ITAT Delhi) In this case prior to issuance of notice under Section 148 of the Act, the Assessing
👍Co-owners showed capital gains of different amount – Section 148 notice invalid
Clipped from: https://taxguru.in/income-tax/co-owners-showed-capital-gains-different-amount-section-148-notice-invalid.html Bimlakumari Lajpatraj Hurra Vs ITO (Gujarat High court) ITAT held that When the return of income was filed and all the relevant details