https://www.financialexpress.com/business/industry-asian-paints-gets-gst-demand-notice-of-rs-13-83-crore-3352567/ Clipped from: https://www.financialexpress.com/business/industry-asian-paints-gets-gst-demand-notice-of-rs-13-83-crore-3352567/ The demand is for the financial year 2017-18 over mismatch on input tax credit (ITC), the leading paints maker said in a
Month: January 2024
👌IT alerts see big jump, 3 million taxpayers asked to explain discrepancy in returns – Income Tax News | The Financial Express
https://www.financialexpress.com/money/income-tax-it-alerts-see-big-jump-3-million-taxpayers-asked-to-explain-discrepancy-in-returns-3352046/ Clipped from: https://www.financialexpress.com/money/income-tax-it-alerts-see-big-jump-3-million-taxpayers-asked-to-explain-discrepancy-in-returns-3352046/ The Income Tax (IT) department has sent alerts through text messages and emails to around 3 million salaried taxpayers across the country.
👌Tax Talk: NRIs must update status on PAN – Income Tax News | The Financial Express
https://www.financialexpress.com/money/income-tax-tax-talk-nris-must-update-status-on-pan-3352149/ lipped from: https://www.financialexpress.com/money/income-tax-tax-talk-nris-must-update-status-on-pan-3352149/ Know India’s residency and source rules for taxation. If your stay in India exceeds 182 days in a financial year, you are
Record buyback of Rs 47,810 cr by 48 firms in 2023, highest since 2017
https://www.business-standard.com/markets/stock-market-news/record-buyback-of-rs-47-810-cr-by-48-firms-in-2023-highest-since-2017-124010100801_1.html Clipped from: https://www.business-standard.com/markets/stock-market-news/record-buyback-of-rs-47-810-cr-by-48-firms-in-2023-highest-since-2017-124010100801_1.html A buyback is a process a company employs to repurchase its shares from stakeholders Listen to This Article Forty-eight companies have repurchased
Govt project announcements, capex at new low, completion rates slow
https://www.business-standard.com/economy/news/govt-project-announcements-capex-at-new-low-completion-rates-slow-124010100816_1.html Clipped from: https://www.business-standard.com/economy/news/govt-project-announcements-capex-at-new-low-completion-rates-slow-124010100816_1.html It was at Rs 26,987 crore in the three months ended December, according to data from project tracker Centre for Monitoring Indian
India may see lower savings from Russian oil in 2024 as discounts dip
https://www.business-standard.com/economy/news/india-may-see-lower-savings-from-russian-oil-in-2024-as-discounts-dip-124010100388_1.html Clipped from: https://www.business-standard.com/economy/news/india-may-see-lower-savings-from-russian-oil-in-2024-as-discounts-dip-124010100388_1.html Russian imports accounted for 39% of India’s overall crude imports last year from 16% in 2022 Photo: Bloomberg Listen to This Article
TCS has to keep evolving as GenAI technology rises: CEO tells employees
https://www.business-standard.com/companies/news/tcs-has-to-keep-evolving-as-genai-technology-rises-ceo-tells-employees-124010100463_1.html Clipped from: https://www.business-standard.com/companies/news/tcs-has-to-keep-evolving-as-genai-technology-rises-ceo-tells-employees-124010100463_1.html IT services company has to ‘keep pace with the times’, says K Krithivasan in New Year message K Krithivasan, CEO and MD,
LIC gets GST notice of Rs 806 crore; insurer says will file an appeal
https://www.business-standard.com/companies/news/lic-gets-gst-notice-of-rs-806-crore-insurer-says-will-file-an-appeal-124010100614_1.html Clipped from: https://www.business-standard.com/companies/news/lic-gets-gst-notice-of-rs-806-crore-insurer-says-will-file-an-appeal-124010100614_1.html The total includes GST worth Rs 365.02 crore, penalty of Rs 404.7 crore and interest of Rs 36.5 crore Illustration: Ajay Mohanty
👌Commerce Ministry seeks exporters’ inputs on reducing compliance burden – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/commerce-ministry-seeks-exporters-inputs-on-reducing-compliance-burden/article67695474.ece Clipped from: https://www.thehindubusinessline.com/economy/commerce-ministry-seeks-exporters-inputs-on-reducing-compliance-burden/article67695474.ece Policies and procedures to be modified based on feedback to improve business environment The Commerce and Industry Ministry has asked export promotion
👌With 152 million domestic passengers, 2023 air traffic beats pre-Covid record – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/logistics/with-152-million-domestic-passengers-2023-air-traffic-beats-pre-covid-record/article67695513.ece Clipped from: https://www.thehindubusinessline.com/economy/logistics/with-152-million-domestic-passengers-2023-air-traffic-beats-pre-covid-record/article67695513.ece “It’s a historic achievement,” says civil aviation minister Jyotiraditya Scindia Domestic airlines flew 152 million passengers in 2023, surpassing the pre-Covid high
RBI enhances bulk deposit limit for large UCBs 6.66 times to ₹1 cr and above – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/rbi-enhances-bulk-deposit-limit-for-large-ucbs-666-times-to-1-cr-and-above/article67695579.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-enhances-bulk-deposit-limit-for-large-ucbs-666-times-to-1-cr-and-above/article67695579.ece The new bulk deposit limit applies to UCBs in the Tier 3 (with deposits more than ₹1,000 crore and up to ₹10,000 crore)
👌Mudra loans show record growth to ₹3-lakh crore in Q3 FY24 – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/mudra-loans-show-record-growth-to-3-lakh-crore-in-q3-fy24/article67695266.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/mudra-loans-show-record-growth-to-3-lakh-crore-in-q3-fy24/article67695266.ece Women applicants have been the driving force for growth in the Mudra loans, as per govt data In what can be seen
👌NRIs in a bind as taxman slaps advisories on high-value transactions – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/nris-in-a-bind-as-taxman-slaps-advisories-on-high-value-transactions/article67695703.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/nris-in-a-bind-as-taxman-slaps-advisories-on-high-value-transactions/article67695703.ece The I-T communications could be the result of duplicate entries in form 26 AS or investments done under a joint account The
👌Interest on delayed TDS payment is not an allowable business deduction
https://taxguru.in/income-tax/interest-delayed-tds-payment-allowable-business-deduction.html#google_vignette Clipped from: https://taxguru.in/income-tax/interest-delayed-tds-payment-allowable-business-deduction.html#google_vignette Expat Engineering India Ltd. Vs ACIT (ITAT Bangalore) In a recent case, Expat Engineering India Ltd. faced a challenge regarding the disallowance
👌Nomination– Companies
Clipped from: https://main.sci.gov.in/supremecourt/2017/3101/3101_2017_7_1501_49073_Judgement_14-Dec-2023.pdf 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
👌Nomination is not a statutory testament, says Supreme Court in landmark verdict – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/nomination-is-not-a-statutory-testament-says-supreme-court-in-landmark-verdict/article67682996.ece Clipped from: https://www.thehindubusinessline.com/business-laws/nomination-is-not-a-statutory-testament-says-supreme-court-in-landmark-verdict/article67682996.ece With this decision, the Supreme Court settles the debate over nomination and ownership of shares of a company Recently, the Supreme Court,
‘Indian IT should make structural changes to lead the GenAI wave’ – The Hindu BusinessLine
https://www.thehindubusinessline.com/info-tech/indian-it-should-make-structural-changes-to-lead-the-genai-wave/article67679262.ece Clipped from: https://www.thehindubusinessline.com/info-tech/indian-it-should-make-structural-changes-to-lead-the-genai-wave/article67679262.ece Former HCL Tech CEO Vineet Nayar speaks about performance of the sector in 2023 and outlook for 2024 The Indian IT industry
Hospitality sector in comfort zone – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/hospitality-sector-in-comfort-zone/article67692688.ece Clipped from: https://www.thehindubusinessline.com/economy/hospitality-sector-in-comfort-zone/article67692688.ece Industry makes landmark recovery aided by surge in travel after the pandemic The first full year of business after the Covid-19 pandemic
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