CBDT issues Circular Condoning Delay for Claiming Deduction u/s 80P for A.Y. 2018-19 to A.Y. 2022-23

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

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

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

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

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