Clipped from: https://taxguru.in/income-tax/reassessment-notice-u-s-148-barred-limitation-liable-quashed-itat-mumbai.html ITO Vs Pushpak Realities Pvt. Ltd. (ITAT Mumbai) ITAT Mumbai held that reassessment notice issued under section 148 of the Income Tax Act
Month: November 2024
👌👌👌State GST Dept. Cannot Act if Central GST Dept. Has Initiated Proceedings on Same Matter
Clipped from: https://taxguru.in/goods-and-service-tax/state-gst-dept-act-central-gst-dept-initiated-proceedings-matter.html Baazar Style Retail Limited & Anr. Vs Deputy Commissioner of State Tax (Calcutta High Court) State GST Department not empowered to initiate proceedings
👌👌👌👌👌Date of online appeal filing be considered as date of filing GST appeal for limitation
Clipped from: https://taxguru.in/goods-and-service-tax/date-online-appeal-filing-considered-date-filing-gst-appeal-limitation.html Kasturi & Sons Pvt. Ltd. Vs Additional Commissioner of GST & Central Excise (Appeals-1) (Madras High Court) Summary: The Madras High Court, in Kasturi &
👌👌👌👌👌👌👌GST Amnesty for ITC, Interest and Penalty Waivers
Clipped from: https://taxguru.in/goods-and-service-tax/gst-amnesty-itc-interest-penalty-waivers.html GST Amnesty Provision for Waiver of Interest, Penalty, and Regularization of ITC claimed in non-compliance of Section 16(4) of the CGST Act, 2017
👌👌👌👌👌👌👌Time of Supply Under GST: A Critical Analysis
Clipped from: https://taxguru.in/goods-and-service-tax/time-supply-gst-critical-analysis.html The Goods and Services Tax (GST) in India has a key part called “Time of Supply”. It helps figure out when businesses owe
👌👌👌👌👌Microsoft launches ‘Recall’ feature on Windows 11: Specs, features, and privacy enhancements explained – Technology News | The Financial Express
Clipped from: https://www.financialexpress.com/life/technology-microsoft-launches-recall-feature-on-windows-11-specs-features-and-privacy-enhancements-explained-3676885/?ref=life_hp The ‘Recall’ feature acts like a photographic memory for your PC Microsoft has invited security researchers to audit the ‘Recall’ feature(Credit: Microsoft website)
👌👌👌OpenAI’s GPT-4.0 receives major update: Enhanced creative writing and file handling capabilities – Technology News | The Financial Express
Clipped from: https://www.financialexpress.com/life/technology-openais-gpt-4-0-receives-major-update-enhanced-creative-writing-and-file-handling-capabilities-3676776/?ref=life_hp The latest version of GPT-4.0 showcases advanced creative writing abilities GPT-4.0 sets a new standard for AI writing tools(Reuters) OpenAI has announced a
👌👌👌👌👌Across the aisle by P Chidambaram: The Trump effect on India – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/across-the-aisle-by-p-chidambaram-the-trump-effect-on-india/3675444/?ref=opinion_hp On the pharmaceutical front, pharma stocks have risen in the U.S. in anticipation of lesser regulation and higher prices. Prices of drugs will
👌👌👌👌👌RBI asks MSMEs to formalise business, focus on credit discipline, capacity building for credit access – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-rbi-asks-msmes-to-formalise-business-focus-on-credit-discipline-capacity-building-for-credit-access-3676951/?ref=business_hp “While regulatory policies and government schemes have played a crucial role in creating an enabling environment for MSMEs, it is equally important for
Banks’ MSME NPAs at 4.4% as of March 2024: FinMin – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-banks-msme-npas-at-4-4-as-of-march-2024-finmin-3677008/?ref=latest_hp The gross NPAs in MSME loans by SCBs had declined by 14 per cent to Rs 1.31 lakh crore in FY23 from Rs
👌👌👌👌👌Know common myths and misconceptions about car warranties in India – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/insurance/story/know-common-myths-and-misconceptions-about-car-warranties-in-india-454835-2024-11-24 There are numerous false beliefs, such as the idea that service packages cover the same territory as warranties or that having auto insurance
👌👌👌PAN 2.0: New PAN cards to come with QR codes. What changes are expected? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/pan-20-new-pan-cards-to-come-with-qr-codes-what-changes-are-expected-455079-2024-11-25 PAN 2.0 will be an advanced iteration of the country’s PAN system, aimed at streamlining business and citizen-centric operations. The older version PAN
What prompted RBI’s warning against errant gold lending practises? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/what-prompted-rbis-warning-against-errant-gold-lending-practises/article68905101.ece Some entities were found to be rolling over gold loans using the same collateral deposited for the initial loan The Reserve Bank of
👌👌👌👌👌The Institute of Chartered Accountants of India (ICAI) has launched CA GPT-Industry Forum comprising of annual reports of 5,000 listed companies for the fiscal year 2023-24 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/icai-launches-ca-gpt-industry-forum-with-annual-reports-of-5000-listed-companies-for-financial-analysis-by-cas/article68909834.ece This initiative of ICAI’s Committee on AI was officially unveiled during a live webinar held on Sunday and attended by over 10,000 chartered accountants from across
👌👌👌👌👌NFRA finalises auditing standards for LLPs, recommend them for Centre’s approval – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/nfra-finalises-auditing-standards-for-llps-recommend-them-for-centres-approval/article68910976.ece Central government has to prescribe these auditing standards National Financial Reporting Authority (NFRA), the country’s sole independent audit regulator, on Monday finalised and
👌👌👌👌👌RBI Deputy Governor red-flags diversion of funds by some MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-deputy-governor-red-flags-diversion-of-funds-by-some-msmes/article68910927.ece It is important for them to use bank funds for the purpose they were borrowed for, RBI Deputy Governor Swaminathan J said RBI
👌👌👌Consumer protection: Retailer held liable for selling defective earpiece
Clipped from: https://www.business-standard.com/opinion/columns/consumer-protection-retailer-held-liable-for-selling-defective-earpiece-124112400631_1.html “We undertake to repair/replace all material and manufacturing defects within the warranty period.” The National Commission concluded this made it equally responsible for
👌👌👌CBIC should review its MOOWR instructions to ease operations for units
Clipped from: https://www.business-standard.com/opinion/columns/cbic-should-review-its-moowr-instructions-to-ease-operations-for-units-124112400747_1.html Irritants persist for MOOWR units, although over five years have passed since the introduction of MOOWR 2019 regulations Representative Picture In October 2019,
👌👌👌👌👌Trump’s promises on growth, inflation might derail due to $36 trn debt | World News – Business Standard
Clipped from: https://www.business-standard.com/world-news/trump-s-promises-on-growth-inflation-might-derail-due-to-36-trn-debt-124112400473_1.html It’s clear the current amount of debt is putting upward pressure on interest rates, including mortgage rates for instance,” said an expert Donald
FPI selling spree continues in Nov at Rs 26,533 cr, pace of outflow slows | News on Markets – Business Standard
Clipped from: https://www.business-standard.com/markets/news/fpi-selling-spree-continues-in-nov-at-rs-26-533-cr-pace-of-outflow-slows-124112400134_1.html According to the data, FPIs recorded a net outflow of Rs 26,533 crore so far this month (till November 22). This came following
aniltikotekar4sme.com 