Clipped from: https://www.financialexpress.com/market/commodities-rupee-slides-to-record-lows-on-strong-dollar-demand-fii-outflows-3694738/?ref=markets_hp Market participants are awaiting key data releases, including the US current account balance and housing data, as well as the outcome of the
Month: December 2024
US announces wholesale changes to H-1B visa rules, a boon for Indian techies – Jobs and Career News | The Financial Express
lipped from: https://www.financialexpress.com/jobs-career/us-announces-wholesale-changes-to-h-1b-visa-rules-a-boon-for-indian-techies-3694822/?ref=hometop_hp The new rules also aim to improve the annual H-1B lottery system by target duplicate registrations which will combat the fraudulent practices and
👍👍👍👍👍👍👍ITAT Jodhpur: Crypto Gains Taxed as LTCG, Allows Section 54F deduction
lipped from: https://taxguru.in/income-tax/itat-jodhpur-crypto-gains-taxed-ltcg-allows-section-54f-deduction.html Raunaq Prakash Jain Vs ITO (ITAT Jodhpur) In the case of Raunaq Prakash Jain vs. ITO, the ITAT Jodhpur addressed the taxation of cryptocurrency
Petition u/s 9 of IBC couldn’t be rejected on grounds of raising fake claim of Pre-Existing dispute
Clipped from: https://taxguru.in/corporate-law/petition-u-s-9-ibc-rejected-grounds-raising-fake-claim-pre-existing-dispute.html Romi Datta Vs Sigma Supply Chain Solutions Pvt. Ltd. (NCLAT Delhi) Conclusion: Adjudicating Authority didn’t commit any error in holding that all requisite conditions
ITAT Rules No Penalty for Genuine LTCG, Condones S.269SS Breach
he Income Tax Appellate Tribunal (ITAT), Bangalore recently held that no penalty may be levied on an Assessee if they have made genuine disclosure of
1👍👍👍👍👍👍👍Exemption u/s. 54F admissible in respect of only one residential property: Delhi HC
Clipped from: https://taxguru.in/income-tax/exemption-u-s-54f-admissible-respect-residential-property-delhi-hc.html Kamla Ajmera Vs PCIT (Delhi High Court) Delhi High Court held that in case of investment in two residential properties, exemption under section
India’s DPDP Act: Shaping the Future of Data Protection | Experts Discuss Privacy & Governance – YouTube
Clipped from: https://www.youtube.com/watch?v=LdllXZqRZUA&ab_channel=CNBC-TV18
Wealth tax: A bad idea – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/wealth-tax-a-bad-idea/3694046/ More revenue is needed for health and education, but Piketty’s recommendation is problematic. An income tax can be levied easily while wealth is
Proposed Digital Competition Bill likely to hurt MSMEs and startups: Survey – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-proposed-digital-competition-bill-likely-to-hurt-msmes-and-startups-survey-3693112/ The draft bill, which was released in March this year, with provisions such as restrictions on tailored ad placements and prohibitions on bundled
GST on betting: Indian gaming industry faces tax demands by Feb 2025 | News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/indian-online-gaming-industry-tax-demands-february-2025-gst-skill-vs-chance-124121800990_1.html While some firms have already received tax demands, gaming industry bodies are lobbying to prevent aggressive enforcement actions until the Supreme Court resolves
Sensex, Nifty fall for third day as FPIs pull funds ahead of Fed meet | Stock Market Today – Business Standard
Clipped from: https://www.business-standard.com/markets/stock-market-news/sensex-nifty-fall-for-third-day-as-fpis-pull-funds-ahead-of-fed-meet-124121801143_1.html Overseas investors pull out Rs 8,000 crore this week amid rupee slide Photo: Bloomberg Benchmark indices declined for the third consecutive day amid
Not Asian Paints, Berger and Indigo Paints may shine in H2FY25, says Nuvama | News on Markets – Business Standard
Clipped from: https://www.business-standard.com/markets/news/not-asian-paints-berger-and-indigo-paints-may-shine-in-h2fy25-says-nuvama-124121800162_1.html The brokerage sees brighter prospects for these emerging contenders (Berger & Indigo) in the second half of FY25 (H2FY25), citing several headwinds for
At $129 bn, India top recipient of remittances this year: World Bank | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/at-129-bn-india-top-recipient-of-remittances-this-year-world-bank-124121801266_1.html The growth rate of remittances this year is estimated to be 5.8 per cent, compared to 1.2 per cent registered in 2023 Listen
SC classifies small bottles of coconut oil as edible; to be taxed at 5% GST | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/sc-classifies-small-bottles-of-coconut-oil-as-edible-to-be-taxed-at-5-gst-124121801285_1.html The court, however, clarified that if coconut oil is packaged in small bottles and labelled as hair oil, it should be classified as
Musk looks unstoppable – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/musk-looks-unstoppable/article69001463.ece With Nasdaq at record highs and Tesla stock soaring, Elon Musk’s fortune could touch half a trillion dollars sooner than later There’s only
India’s record gold imports inflated by calculation error: Report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/gold/indias-record-gold-imports-inflated-by-calculation-error-report/article69001517.ece If an error is indeed identified, the trade figures are likely to be revised and traders could expect some correction in the foreign-exchange
The Future of GST In India: What business should expect in 2025 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/gst-meeting-the-future-of-gst-in-india-what-business-should-expect-in-2025-457612-2024-12-17 The upcoming 55th GST Council meeting in Jaisalmer will conduct a comprehensive assessment of the existing Goods and Services Tax (GST) framework, specifically
ITR-AIS transaction mismatch: Here’s how I-T dept is helping taxpayers – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-ais-transaction-mismatch-heres-how-i-t-dept-is-helping-taxpayers-457637-2024-12-17 The Central Board of Direct Taxes (CBDT) stated that they have initiated an electronic campaign to help taxpayers address any inconsistencies between the
‘Rs 8 lakh investment, return Rs 0’: YouTuber announces exit from content creation, deletes 250 videos – BusinessToday
Clipped from: https://www.businesstoday.in/latest/trends/story/rs-8-lakh-investment-return-rs-0-youtuber-announces-exit-from-content-creation-deletes-250-videos-457784-2024-12-18 In a series of posts on X, Nalini Unagar detailed her journey and the challenges she faced, stating that she is now selling
How PAN 2.0’s QR code can save you from fraud; check why issuing a new PAN card can be useful – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/how-pan-20s-qr-code-can-save-you-from-fraud-check-why-issuing-a-new-pan-card-can-be-useful-457819-2024-12-18 The introduction of dynamic QR codes in PAN 2.0 ensures that users always have access to the most up-to-date information, thereby improving usability.