Clipped from: https://www.thehindubusinessline.com/companies/ibbi-moves-to-tighten-auction-rules-mandates-stakeholder-oversight-in-liquidations/article68886786.ece Also need to maintain Corporate Liquidation Account within Public Accounts of India to be dispensed with; IBBI floats discussion paper, public comments invited
Month: November 2024
KYC implementation a major area of concern: RBI Dy Guv Swaminanthan – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/kyc-implementation-a-major-area-of-concern-rbi-dy-guv-swaminanthan/article68887059.ece RBI’s root cause analysis indicates a set of issues, including high pendency at bank level in periodic update of KYC details of the
A more sober Trump 2.0? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/a-more-sober-trump-20/article68887012.ece He will want to avoid the mistakes of his first term There are a lot of people who are fretting and fuming about
Centre-RBI disagreement deepens over inflation and rates cuts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/centre-rbi-disagreement-deepens-over-inflation-and-rates-cuts/article68886761.ece CEA highlights that retail inflation is mainly driven by select commodities Differences between the Centre and the Reserve Bank of India over interest
TOP, precious metals accounted for 1/3rd of Oct inflation: CEA Nageswaran | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/top-precious-metals-driving-india-s-cpi-inflation-cea-nageswaran-124111901056_1.html Premature to say slowdown in urban consumption going to persistent Chief Economic Advisor V. Anantha Nageswaran Listen to This Article The recent spike
CAD is manageable as India is doing well in services exports: Piyush Goyal | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/cad-is-manageable-as-india-is-doing-well-in-services-exports-piyush-goyal-124111901284_1.html Commerce and Industry Minister Piyush Goyal on Tuesday said that India’s current account deficit (CAD) is manageable as it is doing well in
Lending rate cut still some time away: SBI Managing Director Vinay M Tonse | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/bank-lending-rate-cut-hinges-on-monetary-policy-action-sbi-md-v-tonse-124111901247_1.html SBI MD says banks would look for monetary policy stance and policy rate action to decide actions V Tonse, managing director, State Bank
No commitment to lowering fiscal deficit, says Montek Singh Ahluwalia | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/no-commitment-to-lowering-fiscal-deficit-says-montek-singh-ahluwalia-124111901396_1.html Ahluwalia said if household net savings continue to decrease and fiscal deficit reduction is neglected, it could lead to significant problems, including crowding
👌👌👌👌👌👌👌Section 148 of Income Tax Act: Assessment or Reassessment Notice u/s148 – Tax2win
Clipped from: https://tax2win.in/guide/section-148 Contents Before making the assessment, reassessment, or recomputation, the Assessing Officer shall serve on the assessee a notice requiring him to furnish within
👌👌👌👌👌👌👌Analysis of sections 147, 148, 148A, 149 and 151 of the Income Tax Act, 1961 (Act) as substituted vide Finance Act, 2021 – Digest of case laws
Clipped from: https://itatonline.org/digest/articles/analysis-of-sections-147-148-148a-149-and-151-of-the-income-tax-act-1961-act-as-substituted-vide-finance-act-2021/?form=MG0AV3 Executive Summary Vide Finance Act, 2021, provisions related to re-assessment have been substituted. In case of search also, now the assessment will be
👌👌👌👌👌👌👌THE NEW REGIME OF REASSESSMENT PROCEEDINGS UNDER SECTION 148A OF THE INCOME-TAX ACT, 1961: A 20-POINT CHECKLIST FOR REPRESENTATION – Digest of case laws
Clipped from: https://itatonline.org/digest/articles/the-new-regime-of-reassessment-proceedings-under-section-148a-of-the-income-tax-act-1961-a-20-point-checklist-for-representation/?form=MG0AV3 By Dr. K. Shivaram, Senior Advocate & Mr. Shashi Bekal, Advocate Executive Summary The Article aims at providing a detailed guide for advocates,
👌👌👌👌👌👌👌Interpreting Reassessment Provisions – UOI vs. Rajeev Bansal & Ors (SC)
Clipped from: https://taxguru.in/income-tax/interpreting-reassessment-provisions-uoi-vs-rajeev-bansal-ors-sc.html?form=MG0AV3 Interpreting Reassessment Provisions – UOI vs. Rajeev Bansal & Ors – Civil Appeal No 8629 of 2024 (SC) The primary issue is whether
👌👌👌👌👌👌👌Structure of Reassessment Provisions Under Income Tax Act, 1961
Clipped from: https://taxguru.in/income-tax/structure-reassessment-provisions-income-tax-act-1961.html Summary: The reassessment provisions under the Income Tax laws are detailed in various sections, primarily Sections 147 to 151. Section 147 allows the Assessing
👌👌👌👌👌👌👌Income Tax dept begins scrutiny in reassessment cases for AY-2018-19 | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/income-tax-dept-begins-scrutiny-in-reassssment-cases-for-ay-2018-19-124073001536_1.html The scrutiny might result in a raft of tax notices Representative Picture The income-tax (I-T) department has started scrutinising cases for the assessment
👌👌👌👌👌👌👌Redevelopment of society – Tax implications
Clipped from: https://taxguru.in/income-tax/redevelopment-society-tax-implications.html I. Introduction II. Income tax considerations A. Whether sale of development rights amounts to transfer and thereby chargeable to tax under the head
Taxpayer Not obliged to Check GST Portal for Notices After Registration Cancellation
Clipped from: https://taxguru.in/goods-and-service-tax/taxpayer-obliged-check-gst-portal-notices-registration-cancellation.html Katyal Industries Vs State of Up And 2 Others (Allahabad High Court) In Katyal Industries Vs State of UP, the Allahabad High Court examined
👌👌👌👌👌👌👌Summary of Cost of Acquisition under Section 49(1) for Capital Gain Tax
Clipped from: https://taxguru.in/income-tax/summary-cost-acquisition-section-49-1-capital-gain-tax.html Explore Section 49(1) of the Income Tax Act, determining cost of acquisition for capital gains in non-transfer cases. Understand provisions, examples, and computation,
👌👌👌👌👌👌👌GST Case Law Compendium – November 2024: Key High Court & SC Rulings
The GST Case Law Compendium – November 2024 Edition provides critical insights into landmark decisions by the High Courts and Supreme Court on various contentious issues under
ITAT Delhi Sets Aside Ex-Parte Order as Notices were never served to Assessee
Raj Rani Vs ITO (ITAT Delhi) In the case of Raj Rani vs. Income Tax Officer (ITO), the Income Tax Appellate Tribunal (ITAT) Delhi bench set
👌👌👌👌👌👌👌Long-Term Capital Gains on Sale of Immovable Property in India
Clipped from: https://taxguru.in/income-tax/long-term-capital-gains-sale-immovable-property-india.html As per the Indian Income-tax Act, income arising from the sale of a capital asset is taxed under the head ‘Income from Capital
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