https://www.thehindubusinessline.com/opinion/editorial/ai-needs-a-statutory-regulator-to-prevent-misuse/article67115781.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/ai-needs-a-statutory-regulator-to-prevent-misuse/article67115781.ece The advent of Artificial Intelligence could aggravate the misuse of data with implications for privacy, the economy and the distribution of information
Day: July 25, 2023
👍👍👍👍👍‘India’s major ports are readying for growth’ – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/logistics/indias-major-ports-are-readying-for-growth/article67110786.ece Clipped from: https://www.thehindubusinessline.com/economy/logistics/indias-major-ports-are-readying-for-growth/article67110786.ece Shipping Minister Sarbananda Sonowal outlines how major ports are ramping up despite global headwinds Indian ports are witnessing a marked improvement in
Cocoa in Chikki: pay 13% more GST, rules Karnataka’s Authority for Advance Ruling – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/cocoa-in-chikki-pay-13-more-gst-rules-karnatakas-authority-for-advance-ruling/article67112594.ece Clipped from: https://www.thehindubusinessline.com/economy/cocoa-in-chikki-pay-13-more-gst-rules-karnatakas-authority-for-advance-ruling/article67112594.ece Sirimiri Nutrition Food Products submitted that chikkies are to be taxed at 5% GST Cocoa can add a 13 per cent tax on
👍👍👍👍👍Russia’s oil production cuts offers opportunity to Indian refiners to increase diesel exports to Europe – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/russias-oil-production-cuts-offers-opportunity-to-indian-refiners-to-increase-diesel-exports-to-europe/article67112693.ece Clipped from: https://www.thehindubusinessline.com/economy/russias-oil-production-cuts-offers-opportunity-to-indian-refiners-to-increase-diesel-exports-to-europe/article67112693.ece Trade sources said that Russia is slashing exports, particularly the largest selling medium heavy Ural blend A window of opportunity has opened
👍👍👍👍👍Over 5,000 cases of PAN/Aadhaar misuse to claim ITC identified – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/over-5000-cases-identified-27000-crore-detected-in-misusing-panaadhaar-to-claim-input-tax-credit/article67116235.ece Clipped from: https://www.thehindubusinessline.com/economy/over-5000-cases-identified-27000-crore-detected-in-misusing-panaadhaar-to-claim-input-tax-credit/article67116235.ece While Maharashtra tops the list in number of cases, Delhi leads in terms of amount fraudulently availed and detected Central GST Administration
Don’t dilute the human factor in audit – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/dont-dilute-the-human-factor-in-audit/article67116910.ece Clipped from: https://www.thehindubusinessline.com/opinion/dont-dilute-the-human-factor-in-audit/article67116910.ece Systems now largely drive the audit process. But to know where things can go wrong, the human element plays a vital role
Highest number of MSME shutdowns and new registrations seen in post-Covid FY23 – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/highest-number-of-msme-shutdowns-and-new-registrations-seen-in-post-covid-fy23/article67118594.ece Clipped from: https://www.thehindubusinessline.com/economy/highest-number-of-msme-shutdowns-and-new-registrations-seen-in-post-covid-fy23/article67118594.ece About 25,000 MSMEs downed their shutters in the past 3 years Nearly 25,000 units in the micro, small and medium enterprise (MSME) segment in
L&T to buy back 3.3 crore shares at up to ₹3,000 apiece – The Hindu BusinessLine
https://www.thehindubusinessline.com/markets/lt-to-buy-back-33-crore-shares-at-up-to-3000-apiece/article67120043.ece Clipped from: https://www.thehindubusinessline.com/markets/lt-to-buy-back-33-crore-shares-at-up-to-3000-apiece/article67120043.ece This is the first ever share buyback by the company, which had attempted a buyback in 2019 Larsen & Toubro has approved
👍👍👍👍👍👍👍Presumptive Taxation Scheme Under Section 44ADA and Section 44AE
https://taxguru.in/income-tax/presumptive-taxation-scheme-section-44ada-section-44ae.html Clipped from: https://taxguru.in/income-tax/presumptive-taxation-scheme-section-44ada-section-44ae.html Presumptive Taxation Scheme Under Section 44ADA and Section 44AE of Income Tax Act 1961 1. Presumptive Taxation Scheme of Section 44ADA: A
👍👍👍👍👍👍👍Income Tax benefits available to Small Businessmen for AY 2023-24
https://taxguru.in/income-tax/list-income-tax-benefits-small-businessmen.html Clipped from: https://taxguru.in/income-tax/list-income-tax-benefits-small-businessmen.html 2.f List of benefits available to Small Businessmen* S.N. Particulars Section Benefits/Deductions allowed A. Presumptive Taxation Scheme 1. Computation of income from
👍👍👍👍👍👍👍Benefit to Non- Residents under Income Tax Act, 1961
https://taxguru.in/income-tax/benefits-residents-income-tax-act-1961.html Clipped from: https://taxguru.in/income-tax/benefits-residents-income-tax-act-1961.html Benefits available to Non- Residents [AY 2024-25] 1. Who is a Non-Resident? Section 2(30) defines non-resident as a person who is not a
👍👍👍👍👍👍👍CPC not within Jurisdiction to Disallow Deduction u/s 80P of Income Tax Act: ITAT Allows West Bengal Cooperative Society’s Claim
Clipped from: https://www.taxscan.in/cpc-not-within-jurisdiction-to-disallow-deduction-u-s-80p-of-income-tax-act-itat-allows-west-bengal-cooperative-societys-claim/303261/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CPC%20not%20within%20Jurisdiction%20to%20Disallow%20Deduction%20u/s%2080P%20of%20Income%20Tax%20Act:%20ITAT%20Allows%20West%20Bengal%20Cooperative%20Society%27s%20Claim The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the Central Processing Centre (CPC) was not within its jurisdiction to disallow
Is a recession still on the cards?
https://www.business-standard.com/opinion/columns/is-a-recession-still-on-the-cards-123072400947_1.html Clipped from: https://www.business-standard.com/opinion/columns/is-a-recession-still-on-the-cards-123072400947_1.html Amidst the surprisingly strong market performance, investors are questioning the possibility of a recession in the US, but history suggests caution is
100,000 tax notices to be disposed of by March: FM Nirmala Sitharaman
https://www.business-standard.com/economy/news/1-lakh-notices-for-past-years-will-be-cleared-by-march-2024-fm-sitharaman-123072400955_1.html Clipped from: https://www.business-standard.com/economy/news/1-lakh-notices-for-past-years-will-be-cleared-by-march-2024-fm-sitharaman-123072400955_1.html Notices served in past years for misreporting Finance Minister Nirmala Sitharaman Listen to This Article About 100,000 reassessment notices issued by the
Weakness behind support
https://www.business-standard.com/opinion/editorial/weakness-behind-support-123072300550_1.html Clipped from: https://www.business-standard.com/opinion/editorial/weakness-behind-support-123072300550_1.html Welfare spending is likely to increase Listen to This Article The broad focus of the national discourse over the past few weeks
Intent to not lag China is behind moves to promote INR trade
https://www.business-standard.com/opinion/columns/intent-to-not-lag-china-is-behind-moves-to-promote-inr-trade-123072300592_1.html Clipped from: https://www.business-standard.com/opinion/columns/intent-to-not-lag-china-is-behind-moves-to-promote-inr-trade-123072300592_1.html The linking of ‘card switches’ will facilitate mutual acceptance of domestic cards and processing of card transactions Listen to This Article During
Cautious outlook
https://www.business-standard.com/opinion/editorial/cautious-outlook-123072400952_1.html Clipped from: https://www.business-standard.com/opinion/editorial/cautious-outlook-123072400952_1.html Growth in the IT sector will be slow Listen to This Article The information technology (IT) industry is making a comeback in
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