Clipped from: https://taxguru.in/income-tax/cbdt-issues-revised-guidelines-compounding-income-tax-act-offences.html Central Board of Direct Taxes (CBDT) has issued revised guidelines for the compounding of offences under the Income-tax Act, 1961, effective from October
Month: October 2024
👌Kerala HC directs Separate GST Proceedings for Each Financial Year Despite Consolidated SCN
Clipped from: https://taxguru.in/goods-and-service-tax/kerala-hc-directs-separate-gst-proceedings-financial-year-consolidated-scn.html Haries Muhammed Vs Assistant Commissioner (IB) (Kerala High Court) High Court of Kerala Directs Separate Proceedings for Each Financial Year in GST Case: Authorities
👌Stamp duty value on date of agreement to be considered when date of agreement and registration is different
Clipped from: https://taxguru.in/income-tax/stamp-duty-date-agreement-considered-date-agreement-registration.html Partha Pratim Chakrabarty Vs ITO (ITAT Kolkata) ITAT Kolkata held that when date of agreement and date of registration are not same, then,
👌👌👌👌👌👌👌SC Issues Directions To Create Awareness About Free Legal Aid
Clipped from: https://taxguru.in/corporate-law/sc-issues-directions-create-awareness-free-legal-aid.html It is most vital to note that in a significant step with far reaching consequences, the Supreme Court in a most learned, laudable,
👌👌👌FinMin to review public sector banks co-lending, MSME credit | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/on-the-table-finmin-to-review-public-sector-banks-co-lending-msme-credit-124102401252_1.html DFS secy M Nagaraju to chair meeting on November 5 Representational Image Listen to This Article Department of Financial Services (DFS) Secretary M
👌👌👌👌👌Cash Discounts Deductible in determining Transaction Value of Excisable Goods: SC
Clipped from: https://taxguru.in/excise-duty/cash-discounts-deductible-determining-transaction-excisable-goods-sc.html Purolator India Ltd. Vs Commissioner of Central Excise (Supreme Court of India) The Supreme Court of India recently delivered its judgment in the
👌👌👌Aadhaar card not a valid document for determining someone’s age: SC | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/aadhaar-card-not-a-valid-document-for-determining-someone-s-age-sc-124102401265_1.html A bench comprising Justices Sanjay Karol and Ujjal Bhuyan, therefore, said the age of the deceased had to be determined from the date
RIL bonus share issue: Check last date for eligibility, analyst views & more – BusinessToday
lipped from: https://www.businesstoday.in/markets/company-stock/story/ril-bonus-share-issue-check-last-date-for-eligibility-analyst-views-more-451377-2024-10-24 Shares of Reliance Industries are scheduled to trade ex-split on Monday, October 28 as the Mukesh Ambani led conglomerate had fixed it as
IndusInd Bank Q2 earnings: Net profit falls 40%, provisions rise – BusinessToday
Clipped from: https://www.businesstoday.in/markets/company-stock/story/indusind-bank-q2-earnings-net-profit-falls-provisions-rise-451393-2024-10-24 The earnings were announced after market hours. The stock closed on a flat note at Rs 1278.90 on BSE. Market cap of the
👌👌👌👌👌Revisiting India’s FTAs: New guidelines to boost trade and exports
lipped from: https://www.business-standard.com/opinion/editorial/revisiting-india-s-ftas-new-guidelines-to-boost-trade-and-exports-124102301641_1.html New-age FTAs include clauses on environmental and labour regulations Listen to This Article Doubts have been expressed over the past several years about
Decreased leverage: Debt/equity for listed SMEs at lowest in years
Clipped from: https://www.business-standard.com/markets/news/debt-equity-for-listed-small-and-medium-enterprises-at-lowest-in-years-124102300783_1.html Part-II of the series examines the improving balance sheets of SME-listed companies and their relatively conservative approach to debt after Covid-19 Listen to
Growth needs to be supported by cheaper credit: MPC external member Nagesh | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/growth-needs-to-be-supported-by-cheaper-credit-mpc-external-member-nagesh-124102301453_1.html Food inflation driven by supply side rather demand which is addressed by monetary policy Representative Picture Nagesh Kumar, one of the three newly
👌👌👌AI will both create and destroy jobs: EAC-PM member Sanjeev Sanyal | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/ai-will-both-create-and-destroy-jobs-eac-pm-member-sanjeev-sanyal-124102300833_1.html Sanyal also said through this route, the curriculum can be updated seamlessly Citing an example, he said people will listen to lectures on
Finance Ministry to consider scrapping windfall tax on crude: Govt official | Commodities – Business Standard
Clipped from: https://www.business-standard.com/markets/commodities/finance-ministry-to-consider-scrapping-windfall-tax-on-crude-govt-official-124102300636_1.html The imposition of windfall tax on crude oil was introduced in 2022 to address excessive profits during high prices The finance ministry will
👌👌👌👌👌👌👌Key Amendments to Capital Gains in Budget 2024-25
Clipped from: https://taxguru.in/income-tax/key-amendments-capital-gains-budget-2024-25.html Normally in our country Budget of Central Government is declare on 1st February every year, but due to election of Lok Sabha, on 1st February,
👌👌👌👌👌👌👌Calculation of Capital Gains on property received by Gift or Will
Clipped from: https://taxguru.in/income-tax/calculation-capital-gains-property-received-gift.html Summary: Capital gains from property received by gift or will are calculated based on the cost of acquisition by the previous owner, as per
Why Income Tax Notices for Additional Tax on Capital Gains?
Clipped from: https://taxguru.in/income-tax/income-tax-notices-additional-tax-capital-gains.html Those taxpayers who filed their income tax returns of March 2024 and had income from capital gains are now receiving notices asking them
No reassessment on basis of invalid notice u/s 148, deleted additions of 6.93 Crores
Clipped from: https://taxguru.in/income-tax/reassessment-basis-invalid-notice-u-s-148-deleted-additions-6-93-crores.html Regalia Laminates MCD Buliding Vs ITO (ITAT Delhi) Conclusion: Reassessment initiated under an invalid notice issued under Section 148 as there was no new
👌👌👌👌👌👌👌Updated Detailed Analysis of Invoice Management System (IMS)
Clipped from: https://taxguru.in/goods-and-service-tax/updated-detailed-analysis-invoice-management-system-ims.html A new functionality is introduced by the GST portal to facilitate the user to address the issues regarding invoice corrections/amendments with vendors, which
Global fight against high inflation is ‘almost won’: IMF chief economist | World News – Business Standard
Clipped from: https://www.business-standard.com/world-news/global-fight-against-high-inflation-is-almost-won-imf-chief-economist-124102300053_1.html In its latest assessment of the global economy, the IMF predicted that worldwide inflation will cool from 6.7 per cent last year to
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