Clipped from: https://taxguru.in/income-tax/immovable-property-sold-stamp-duty-tax-impact-seller.html Income-Tax Implications for the Sellers, if any Immovable Property is Sold for a consideration less than Stamp Duty Value When any person sells
Month: November 2024
[1]👌👌👌👌👌👌👌Summary of Cost of Acquisition under Section 49(1) for Capital Gain Tax
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, ensuring
Fed Chair Jerome Powell says no need to hurry rate cuts with strong economy | World News – Business Standard
https://www.business-standard.com/world-news/fed-chair-jerome-powell-says-no-need-to-hurry-rate-cuts-with-economy-strong-124111500088_1.html US central bankers began lowering borrowing costs in September with an aggressive half-percentage-point cut, and then lowered the policy rate again by a quarter
India’s foreign exchange reserves drop $29 billion in the past six weeks | News on Markets – Business Standard
https://www.business-standard.com/markets/news/india-s-foreign-exchange-reserves-drop-29-billion-in-the-past-six-weeks-124111501398_1.html The week ended Nov 15 saw a decline of $6.48 billion, largely due to foreign investment outflows and a decline in the value of
Galaxy Health Insurance rolls out first insurance product ‘Galaxy Promise’ – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/galaxy-health-insurance-rolls-out-first-insurance-product-galaxy-promise/article68871665.ece Galaxy Promise offers sum insured options ranging from Rs 3 lakh to Rs 1 crore (L-R) Mr. Kannadhasan G, Vice President & State Head
India economy in a ‘sweet spot’, says Moody’s predicting 7.2% GDP growth – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/india-economy-in-a-sweet-spot-says-moodys-predicting-72-gdp-growth/article68872189.ece “Sound economic fundamentals, a stronger external position and ample forex reserves bode well for growth outlook” Moody’s Ratings has predicted India’s economic growth to
CLSA ups India bets, trims China allocation – The Hindu BusinessLine
https://www.thehindubusinessline.com/markets/clsa-ups-india-bets-trims-china-allocation/article68872528.ece Cites India’s resilience to trade policy and strong domestic ownership CLSA is reversing its trade that saw a tactical deployment of its over-exposure to
Piyush Goyal says RBI should cut rates, look through food prices – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/piyush-goyal-says-rbi-should-cut-rates-look-through-food-prices/article68867461.ece It is an absolutely flawed theory to consider food inflation while deciding on rates, says Union Minister of Commerce and Industry Piyush Goyal India’s
Number of people with diabetes quadrupled since 1990, says new data – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/national/number-of-people-with-diabetes-quadrupled-since-1990-says-new-data/article68867505.ece ‘India home to most number of people with diabetes, after China’ The number of adults living with diabetes has crossed 800 million globally, more
Indian economy sailing through smoothly amid global headwinds and contradictions: RBI Guv Das – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/indian-economy-sailing-through-smoothly-amid-global-headwinds-and-contradictions-rbi-guv-das/article68868201.ece The Governor observed that the headwinds from geopolitical conflicts, geo economic fragmentation, commodity price volatility and climate change continue to blow Amid global headwinds
Expectations from review of direct tax laws – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/expectations-from-review-of-direct-tax-laws/article68868920.ece A permanent dispute resolution mechanism could expedite cases and reduce courts’ burden The Finance Minister’s recent announcement of a comprehensive review of the provisions
How Trump can affect the world economic order – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/how-trump-can-affect-the-world-economic-order/article68869136.ece The President-elect’s ‘America First’ policy and tariff hike threats against China could affect global trade and inflation There has been considerable speculation on what
Slowing capex: Focus more on growth dynamics than changing target norms
https://www.business-standard.com/opinion/columns/slowing-capex-focus-more-on-growth-dynamics-than-changing-target-norms-124111201715_1.html Patterns of capital expenditure have a bearing on economic growth. With their huge spending power, states have as big a role in economic development
Trump trade wars: Significant impact on global growth and trade dynamics
https://www.business-standard.com/opinion/editorial/trump-trade-wars-significant-impact-on-global-growth-and-trade-dynamics-124111402023_1.html In some ways Mr Trump’s actions are reflective of the mainstream of the US political class’s opinion about trade at the moment The election
GST: Know registration process for your business, fees, time taken, more – SME News | The Financial Express
https://www.financialexpress.com/business/sme-gst-know-registration-process-for-your-business-fees-time-taken-more-3659854/ GST registration can be completed on the GST portal using the necessary documents, which include the applicant’s Aadhaar card, PAN, business registration certificate, ID
TReDS: Value of invoices financed has surged 23 times, says RBI DG Michael Patra – SME News | The Financial Express
https://www.financialexpress.com/business/sme-treds-value-of-invoices-financed-has-surged-23-times-says-rbi-dg-michael-patra-3663977/ The Deputy Governor noted that TReDS addresses the credit gap of MSMEs estimated at around Rs 52.2 trillion (Rs 52 lakh crore) by connecting
ITR Filing: Submitted tax audit on time but failed to file tax return? Here’s what to do now – Money News | The Financial Express
https://www.financialexpress.com/money/itr-filing-submitted-tax-audit-on-time-but-failed-to-file-tax-return-heres-what-to-do-now-3665045/?ref=hometop_hp I submitted the tax audit report for AY 2024-25 within the prescribed due date, but missed the deadline for filing the ITR. Could you
Initiation of reassessment unjustified as nature and source of receipts duly explained: Delhi HC
https://taxguru.in/income-tax/initiation-reassessment-unjustified-nature-source-receipts-duly-explained-delhi-hc.html Experion Hospitality Pvt Ltd. Vs ITO (Delhi High Court) Delhi High Court held that once the nature and source of receipts have been satisfactorily
GST Compliance: Interest on Supplier Payments Over 180 Days
https://taxguru.in/goods-and-service-tax/interest-delayed-payments-suppliers-180-days-gst-compliance.html Summary: Under GST law, if a recipient fails to pay their supplier within 180 days of the invoice date, they must reverse the input tax
US December visa bulletin: Something in pack for all Indians; Family-sponsored & EB category applicants move closer to Green Card – BusinessToday
Clipped from: https://www.businesstoday.in/nri/visa/story/us-december-visa-bulletin-something-in-pack-for-all-indians-family-sponsored-eb-category-applicants-move-closer-to-green-card-453611-2024-11-13 This bulletin specifies the allocation of immigrant visas based on priority dates and demand, which is crucial for applicants navigating the green card process
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