lipped from: https://taxguru.in/goods-and-service-tax/issuance-single-consolidate-notice-u-s-73-multiple-assessment-year-contravenes-cgst-act-karnataka-hc.html Bangalore Golf Club Vs Assistant Commissioner of Commercial Taxes (Karnataka High Court) Karnataka High Court held that the practice of issuing a single,
Month: September 2024
Order passed against dead person liable to be set aside: Madras HC
Clipped from: https://taxguru.in/income-tax/order-passed-dead-person-liable-set-aside-madras-hc.html S. R. Steels Vs Deputy State Tax Officer (Madras High Court) Madras High Court held that order passed against the dead person, who
Vivad Se Vishwas 2.0: Govt Notifies Date For Direct Tax Dispute Resolution Scheme
https://www.msn.com/en-in/money/news/vivad-se-vishwas-2-0-govt-notifies-date-for-direct-tax-dispute-resolution-scheme/ar-AA1qT2hv?ocid=msedgntp&pc=DCTS&cvid=32f07824f8994a20acf19c49e890c4f6&ei=51The government has notified October 1 as the starting date for the direct tax dispute resolution scheme Vivad Se Vishwas 2.0.Vivad Se Vishwas…
Why US Fed cut interest rates, how India could be impacted
Clipped from: https://indianexpress.com/article/explained/explained-economics/why-us-fed-cut-interest-rates-how-india-could-be-impacted-9577878/ A cut in interest rate typically incentivises economic activity, promotes growth, and increases job creation by making it cheaper for people to borrow
100 days of Modi 3.0: What’s in it for women entrepreneurs? – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/100-days-of-modi-govt-lakhpati-didi-mudra-loan-msme-ministry-information-and-broadcasting-ministry/3615929/ According to the official data, 39 per cent of micro, small and medium-sized enterprises registered with the MSME Ministry are women-owned in India.
CGTMSE guarantee coverage for women MSMEs increased to 90%: MSME Ministry – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/cgtmse-guarantee-coverage-for-women-msmes-increased-to-90-per-cent-msme-ministry-jitan-ram-manjhi/3613659/ The scheme was extended to women-owned MSEs in December 2022 to provide credit guarantee of 85 per cent for loans up to Rs
Small Businesses generate 35 mn job applications till Aug 2024: Report – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/small-businesses-generate-35-mn-job-applications-till-aug-2024-report/3614305/ Notably, over 55 per cent of total job applications for SMB roles came from tier-2 and tier-3 cities like Jaipur, Indore, Ahmedabad, Lucknow,
Govt caps interest subvention amount at Rs 5 crore per IEC for MSME manufacturers – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/govt-caps-interest-subvention-amount-at-rs-5-crore-per-iec-for-msme-manufacturers/3614762/ In a trade notice on September 17, the Directorate General of Foreign Trade (DGFT) announced the amendment under the Interest Equalisation Scheme (IES)
GeM revised transaction charges: 0% for orders up to Rs 10 lakh; check full list – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/gem-revised-transaction-charges-0-per-cent-for-orders-up-to-rs-10-lakh-check-full-list-for-sellers/3615628/ In a revenue policy document on August 9, 2024, the portal announced zero per cent transaction charges for all orders valued up to
👌👌👌Import-export: How to apply for IEC online? Check steps – SME News | The Financial Express
lipped from: https://www.financialexpress.com/business/sme/import-export-how-to-apply-for-importer-exporter-code-iec-online/3615805/ The 10-character alpha-numeric IEC is necessary on the date of rendering services and is obtained separately by DGFT based on an online application.
How to calculate capital gains tax on sale of land? – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/how-to-calculate-capital-gains-tax-on-sale-of-land-3613644/ Individuals and Hindu Undivided Families (HUFs) have two options for calculating their long-term capital gains (LTCG) tax on sale of property – either
Fed rate cut won’t “significantly impact” inflows to India: Seth – Economy News | The Financial Express
Clipped from: https://www.financialexpress.com/policy/economy-fed-rate-cut-wont-significantly-impact-inflows-to-india-seth-3616175/ The Reserve Bank of India’s Monetary Policy Committee meeting is scheduled for October 7-9. The RBI has left the repo rate unchanged at
US Fed Chair Powell’s 50 Bps Rate Cut: A Sign of Confidence or Caution? – Investing Abroad News | The Financial Express
Clipped from: https://www.financialexpress.com/business/investing-abroad-jerome-powells-bold-move-analysts-split-on-feds-50-bps-rate-cut-3615517/ The market’s negative response to the Fed’s unexpected 50 bps rate cut raises questions about the underlying health of the economy. The decision
Rising bank credit highlights financing strain as non-bank flows decline – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rising-bank-credit-highlights-financing-strain-as-non-bank-flows-decline/3616153/ The sharp growth in bank credit shares reflects a devolvement of the growing deficit in non-bank resource flows, especially foreign. Increased dependency on
👌UPS won’t overburden the fiscal, says Nirmala Sitharaman – Money News | The Financial Express
https://www.financialexpress.com/money/ups-wont-overburden-the-fiscal-says-nirmala-sitharaman-3615858/?ref=money_hp lipped from: https://www.financialexpress.com/money/ups-wont-overburden-the-fiscal-says-nirmala-sitharaman-3615858/?ref=money_hp In the recent budget, the government announced UPS for central government employees effective April 1, 2025 but covers all staff who joined
👌👌👌RBI unlikely to cut rates soon, but prolonged elevation could harm economy – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/rbi-unlikely-to-cut-rates-soon-but-prolonged-elevation-could-harm-economy/3616140/ Clipped from: https://www.financialexpress.com/opinion/rbi-unlikely-to-cut-rates-soon-but-prolonged-elevation-could-harm-economy/3616140/ Our central bank may not immediately follow what Fed has done, but rates should not remain elevated for very long. Back home,
👌👌👌A mismatch of expectations and reality – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/a-mismatch-of-expectations-and-reality/3616136/?ref=hometop_hp Clipped from: https://www.financialexpress.com/opinion/a-mismatch-of-expectations-and-reality/3616136/?ref=hometop_hp As India’s younger workforce strives to meet its economic aspirations, it’s crucial that we don’t sacrifice their health and happiness in the
👌👌👌👌👌Income Tax tribunal paves way for double deduction claims – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/income-tax-tribunal-paves-way-for-double-deduction-claims/article68557951.ece Clipped from: https://www.thehindubusinessline.com/business-laws/income-tax-tribunal-paves-way-for-double-deduction-claims/article68557951.ece Income Tax Appellate Tribunal allows simultaneous deduction claims under Section 54 and 54F in Ramdas Sitaram Patil vs ACIT case In Ramdas Sitaram
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