Day: June 17, 2023
AO cannot take the position of business man to ascertain GP ratio
https://taxguru.in/income-tax/ao-position-business-man-ascertain-gp-ratio.html Clipped from: https://taxguru.in/income-tax/ao-position-business-man-ascertain-gp-ratio.html ACIT Vs Ashish Bansal (ITAT Delhi) In the case of ACIT vs. Ashish Bansal [ITA No.7427/Del/2018 dated June 2, 2023], the ITAT, New
Harnessing GST in AA network will encourage adoption of cashflow-based MSME lending’ | The Financial Express
https://www.financialexpress.com/industry/sme/msme-fin-harnessing-gst-in-aa-network-will-encourage-adoption-of-cashflow-based-msme-lending/3120521/ Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-harnessing-gst-in-aa-network-will-encourage-adoption-of-cashflow-based-msme-lending/3120521/ Credit and finance for MSMEs: The inclusion of GST in the AA network is a significant milestone in unlocking credit access for
SFURTI Scheme: What is govt’s MSME cluster development scheme and how it benefits artisans | The Financial Express
https://www.financialexpress.com/industry/sme/msme-eodb-sfurti-scheme-what-is-govts-msme-cluster-development-scheme-and-how-it-benefits-artisans/3121782/ lipped from: https://www.financialexpress.com/industry/sme/msme-eodb-sfurti-scheme-what-is-govts-msme-cluster-development-scheme-and-how-it-benefits-artisans/3121782/ MSME SFURTI Scheme: Importance, Benefits & Eligibility: SFURTI enables assistance up to Rs 2.5 crore for the development of ‘regular’ clusters with
Lack of market access, operational efficiency, credit critical hurdles to digital growth of MSMEs: Report | The Financial Express
https://www.financialexpress.com/industry/sme/msme-tech-lack-of-market-access-operational-efficiency-credit-critical-hurdles-to-digital-growth-of-msmes-report/3115520/ Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-lack-of-market-access-operational-efficiency-credit-critical-hurdles-to-digital-growth-of-msmes-report/3115520/ Technology for MSMEs: India’s internet economy is set to reach $1 trillion by 2030 from around $175 billion in 2022, said a
Only 10 lakh units transacting digitally out of 10 crore MSMEs in India highlights vast B2B opportunity: ONDC’s Vibhor Jain | The Financial Express
https://www.financialexpress.com/industry/sme/msme-eodb-only-10-lakh-units-transacting-digitally-out-of-10-crore-msmes-in-india-highlights-vast-b2b-opportunity-ondcs-vibhor-jain/3122919/ Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-only-10-lakh-units-transacting-digitally-out-of-10-crore-msmes-in-india-highlights-vast-b2b-opportunity-ondcs-vibhor-jain/3122919/ Ease of doing business for MSMEs: ONDC is currently present in around 240 cities with a “couple of hundred transactions happening in
Easing and expanding access to finance for SMEs can generate productivity bursts: RBI’s Michael Debabrata Patra | The Financial Express
https://www.financialexpress.com/industry/sme/msme-fin-easing-and-expanding-access-to-finance-for-smes-can-generate-productivity-bursts-rbis-michael-debabrata-patra/3123011/ Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-easing-and-expanding-access-to-finance-for-smes-can-generate-productivity-bursts-rbis-michael-debabrata-patra/3123011/ Credit and finance for MSMEs: “Nearly half of the SMEs and about a third of large firms in emerging and developing Asia
Will MSMEs benefit from the declining Wholesale Price Index? | The Financial Express
https://www.financialexpress.com/industry/sme/msme-fin-will-msmes-benefit-from-declining-wholesale-price-index/3127507/ Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-will-msmes-benefit-from-declining-wholesale-price-index/3127507/ Credit and Finance for MSMEs: The low inflation rate is likely to benefit certain MSMEs who can now avail of raw materials
SBI chief: See huge opportunity to collaborate with fintechs | The Financial Express
https://www.financialexpress.com/industry/banking-finance/sbi-chief-see-huge-opportunity-to-collaborate-with-fintechs/3129555/ Clipped from: https://www.financialexpress.com/industry/banking-finance/sbi-chief-see-huge-opportunity-to-collaborate-with-fintechs/3129555/ Khara feels cyber-security requires “long-term vigil” and that adequate steps must be taken to ensure that the inner systems of the bank
ChatGPT and Cybersecurity: What does it offer for future of small businesses
https://www.financialexpress.com/industry/sme/cafe-sme/msme-tech-chatgpt-and-cybersecurity-what-does-it-offer-for-future-of-small-businesses/3058093/ Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-tech-chatgpt-and-cybersecurity-what-does-it-offer-for-future-of-small-businesses/3058093/ Technology for MSMEs: Implementing comprehensive data security measures may be challenging, particularly for small and medium-sized organisations (SMEs) without the essential skills
How digital infrastructure drives small merchants’ financial inclusion in rural India | The Financial Express
https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-how-digital-infrastructure-drives-small-merchants-financial-inclusion-in-rural-india/3068312/ Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-how-digital-infrastructure-drives-small-merchants-financial-inclusion-in-rural-india/3068312/ Credit and finance for MSMEs: Small rural merchants in India lack secure access to formal banking services for savings and credit. Those
When and how to renew your motor insurance – Details here | The Financial Express
https://www.financialexpress.com/money/insurance/when-and-how-to-renew-your-motor-insurance-details-here/3129419/ Clipped from: https://www.financialexpress.com/money/insurance/when-and-how-to-renew-your-motor-insurance-details-here/3129419/ Can your policy be renewed as-it-is or does it require modifications? To ensure comprehensive protection, renew your car insurance policy 15-30 days
All your queries related to Income Tax answered here – Details inside | The Financial Express
https://www.financialexpress.com/money/all-your-queries-related-to-income-tax-answered-here-details-inside/3129589/ lipped from: https://www.financialexpress.com/money/all-your-queries-related-to-income-tax-answered-here-details-inside/3129589/ Get indexation benefits on selling inherited gold. Income from intraday trading is considered as speculative business income. (Representational Image) By Chirag Nangia
The provision on settlement with defaulting borrowers is not new, but it creates moral hazard | The Financial Express
https://www.financialexpress.com/opinion/the-provision-on-settlement-with-defaulting-borrowers-is-not-new-but-it-creates-moral-hazard/3129538/ lipped from: https://www.financialexpress.com/opinion/the-provision-on-settlement-with-defaulting-borrowers-is-not-new-but-it-creates-moral-hazard/3129538/ The Reserve Bank of India’s (RBI) Framework for Compromise Settlements and Technical Write-offs has upset some trade unions who believe the rules
No penalty Leviable u/s 76 of Finance Act in absence of Element of Fraud, Collusion and Wilful suppression of fact: CESTAT
Clipped from: https://www.taxscan.in/no-penalty-leviable-u-s-76-of-finance-act-in-absence-of-element-of-fraud-collusion-and-wilful-suppression-of-fact-cestat/288904/ The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal( CESTAT) has held that penalty under section 76 of the Finance Act, 1994 in the
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