Read More: https://www.taxscan.in/cbdt-issues-circular-condoning-delay-for-claiming-deduction-u-s-80p-for-a-y-2018-19-to-a-y-2022-23/303773/ Clipped from: https://www.taxscan.in/cbdt-issues-circular-condoning-delay-for-claiming-deduction-u-s-80p-for-a-y-2018-19-to-a-y-2022-23/303773/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CBDT%20issues%20Circular%20Condoning%20Delay%20for%20Claiming%20Deduction%20u/s%2080P%20for%20A.Y.%202018-19%20to%20A.Y.%202022-23 The Central Board of Direct Taxes (CBDT) vide circular number 13/2023 issued on 26th July 2023 condemned the delay for claiming the deduction
Day: July 27, 2023
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
Nearly two-third income tax return filers have zero tax liability – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/nearly-two-third-income-tax-return-filers-have-zero-tax-liability/article67115831.ece Clipped from: https://www.thehindubusinessline.com/economy/nearly-two-third-income-tax-return-filers-have-zero-tax-liability/article67115831.ece Out of 7.40 crore returns filed in FY 2022-23, 5.16 crore returns or around 70 per cent were with zero tax liability
‘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 lipped 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
Will rupee trade gain currency globally? – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/will-rupee-trade-gain-currency-globally/article67112981.ece lipped from: https://www.thehindubusinessline.com/opinion/will-rupee-trade-gain-currency-globally/article67112981.ece India has taken steps to de-dollarise trade. But shaking off dollar dominance is easier said than done The US dollar has long
Faceless assessment of tax has gained traction – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/faceless-assessment-of-tax-has-gained-traction/article67112465.ece Clipped from: https://www.thehindubusinessline.com/opinion/faceless-assessment-of-tax-has-gained-traction/article67112465.ece The sheer speed with which the Faceless Assessment Scheme went from ground zero to full operationalisation demanded utilisation of tech and cross-functional
Data gaps complicate response to food inflation – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/data-gaps-complicate-response-to-food-inflation/article67112235.ece lipped from: https://www.thehindubusinessline.com/opinion/editorial/data-gaps-complicate-response-to-food-inflation/article67112235.ece To assess whether a crisis exists or not, information on output and stocks is crucial. In its absence, it is difficult to
Don’t see us as a villain, NFRA Chairman Pandey tells auditing fraternity – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/dont-see-us-as-a-villain-nfra-chairman-pandey-tells-auditing-fraternity/article67106121.ece Clipped from: https://www.thehindubusinessline.com/economy/dont-see-us-as-a-villain-nfra-chairman-pandey-tells-auditing-fraternity/article67106121.ece Audit regulator only keen to assist auditing fraternity improve audit quality, financial reporting system in the country The National Financial Reporting Authority
Cut GST in tractor components, says Parliament Standing Committee on Agriculture – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/agri-business/cut-gst-in-tractor-components-says-parliament-standing-committee-on-agriculture/article67106694.ece Clipped from: https://www.thehindubusinessline.com/economy/agri-business/cut-gst-in-tractor-components-says-parliament-standing-committee-on-agriculture/article67106694.ece Moots cut in levy for parts of tractors up to 40 HP from the current 12% The Fifty-Eighth Report of the Standing
Challenging environment
https://www.business-standard.com/opinion/editorial/challenging-environment-123072601217_1.html Clipped from: https://www.business-standard.com/opinion/editorial/challenging-environment-123072601217_1.html Global economy will affect India’s prospects International Monetary Fund (Photo: Bloomberg) Listen to This Article Global economic uncertainty has somewhat receded over
FTAs: Learning from peers
https://www.business-standard.com/opinion/columns/ftas-learning-from-peers-123072601224_1.html Clipped from: https://www.business-standard.com/opinion/columns/ftas-learning-from-peers-123072601224_1.html India should emulate its peers and adopt more flexible negotiating approaches in its FTAs Illustration: Binay Sinha In India’s free trade agreement
Relying solely on corporate health insurance plan can impact your finances
https://www.business-standard.com/finance/personal-finance/relying-solely-on-a-corporate-health-plan-can-impact-your-finances-123072600690_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/relying-solely-on-a-corporate-health-plan-can-impact-your-finances-123072600690_1.html Supplement it with a retail plan with adequate sum insured, and no room rent or disease-wise capping Listen to This Article A
GST Council to finalise taxing rules on online gaming on August 2
https://www.business-standard.com/economy/news/gst-council-to-finalise-taxing-rules-on-online-gaming-on-august-2-123072600936_1.html Clipped from: https://www.business-standard.com/economy/news/gst-council-to-finalise-taxing-rules-on-online-gaming-on-august-2-123072600936_1.html Legislative amendment expected in ongoing monsoon session of Parliament Representative Image Listen to This Article The Goods and Services Tax (GST) Council,
Stock markets and economic growth have little correlation, says Mukherjea
https://www.business-standard.com/markets/interviews/stock-markets-and-economic-growth-have-little-correlation-says-mukherjea-123072600781_1.html lipped from: https://www.business-standard.com/markets/interviews/stock-markets-and-economic-growth-have-little-correlation-says-mukherjea-123072600781_1.html Saurabh Mukherjea tells that regardless of what happens to the global economy, this post-pandemic stock market rally will continue Saurabh Mukherjea, founder
Fed hikes rates to highest level in 16 years at 5.25%-5.5% citing inflation
https://www.business-standard.com/world-news/fed-hikes-rates-to-highest-level-in-16-years-at-5-25-5-5-citing-inflation-123072700003_1.html Clipped from: https://www.business-standard.com/world-news/fed-hikes-rates-to-highest-level-in-16-years-at-5-25-5-5-citing-inflation-123072700003_1.html The rate hike, the Fed’s 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and
MPC to remain watchful – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/mpc-to-remain-watchful/article67124352.ece Clipped from: https://www.thehindubusinessline.com/opinion/mpc-to-remain-watchful/article67124352.ece Vegetable prices, kharif yields are pain points The Monetary Policy Committee (MPC) is set to meet during August 8-10, 2023, with a
GST Council meet on Aug 2 to finalise rules for implementing 28% GST on online gaming, casinos, horse-racing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gst-council-to-meet-on-aug-2-to-finalise-rules-for-implementing-28-gst-on-online-gaming-casinos-horse-racing/article67123236.ece?cx_testId=28&cx_testVariant=cx_1&cx_artPos=0&cx_experienceId=EX5KXF1FQK61#cxrecs_s The meeting has been called to consider an amendment to the GST Act so as to implement a uniform GST rate on online
SEBI needs to pace its regulatory changes – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/sebi-needs-to-pace-its-regulatory-changes/article67124097.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sebi-needs-to-pace-its-regulatory-changes/article67124097.ece In the six-month period from February, SEBI has floated over three dozen consultation papers seeking to overhaul the ground-rules for market players
aniltikotekar4sme.com 