Clipped from: https://www.thehindubusinessline.com/info-tech/ai-evolution-and-adoption-by-financial-industry-poses-several-risks-to-financial-stability-fsr/article69044106.ece High risk of market concentration both within the financial industry as well as critical third party service providers of cloud and AI services
Month: December 2024
👍👍👍👍👍👍👍Notices Only Uploaded on E-Filing Portal: ITAT Grants Assessee Another Opportunity to Represent Case
Clipped from: https://taxguru.in/income-tax/notices-uploaded-e-filing-portal-itat-grants-assessee-opportunity-represent-case.html Alampalli Seetharam Udaya Shankar Vs ITO (ITAT Bangalore) Assessee was not aware of the notices issued since the same were uploaded only on
👍👍👍👍👍👍👍Non-Compliance with Section 144B Faceless Assessment: Notices & Proceedings invalid
Clipped from: https://taxguru.in/income-tax/non-compliance-section-144b-faceless-assessment-notices-proceedings-invalid.html Mohan Jit Singh Vs Union of India And Others (Punjab and Haryana High Court) In the case of Mohan Jit Singh Vs. Union of India
👍GST Provisional Attachment Ends After One Year, Assessee Allowed Bank Access: Rajasthan HC
Clipped from: https://taxguru.in/goods-and-service-tax/gst-provisional-attachment-ends-year-assessee-allowed-bank-access-rajasthan-hc.html Sunshine Exim Vs Directorate General of GST Intelligence Jaipur Zonal Unit (Rajasthan High Court) Rajasthan High Court addressed the issue of provisional attachment
👍👍👍👍👍👍👍HC invalidates Section 148 notice due to non-compliance with faceless assessment provisions
Clipped from: https://taxguru.in/income-tax/hc-invalidates-section-148-notice-due-non-compliance-faceless-assessment-provisions.html Shikhar Gadh Vs ITO (Punjab and Haryana High Court) In the case of Shikhar Gadh vs Income Tax Officer (Punjab and Haryana High Court), the
It is advisable to be cautious for partnership firms and limited liability partnerships | भागीदारी फर्म व मर्यादित देयता भागीदारीसाठी आता सावधानता बाळगणे हिताचे
Clipped from: https://www.loksatta.com/business/personal-finance/it-is-advisable-to-be-cautious-for-partnership-firms-and-limited-liability-partnerships-print-eco-news-mrj-95-4783483/ प्राप्तिकर कायद्यातील कलम ‘१९४ टी’ हे पुढील वर्षात १ एप्रिल २०२५ पासून लागू होणार दोन्ही प्रकारांमध्ये भागीदारांना देण्यात येणाऱ्या रकमेवर करकपातीची तरतूद लागू
Can loss be deducted from income | उत्पन्नातून तोटा वजा करता येतो का?
Clipped from: https://www.loksatta.com/business/personal-finance/can-loss-be-deducted-from-income-print-eco-news-mrj-95-4796243/ करदात्याला मिळणाऱ्या उत्पन्नावर आणि भांडवली नफ्यावर कर भरावा लागतो. आर्थिक व्यवहारात जसा नफा होऊ शकतो, तसाच तोटादेखील होऊ शकतो. करदात्याला ज्या व्यवहारात तोटा
loksatta editorial on Maharashtra s Household Consumption Expenditure Survey 2023 24 consumer price index अग्रलेख : महाराष्ट्राचे उत्तरायण
Clipped from: https://www.loksatta.com/sampadkiya/editorial/loksatta-editorial-on-maharashtra-s-household-consumption-expenditure-survey-2023-24-consumer-price-index-css-98-4796723/ वास्तविक अशी सर्वेक्षणे वारंवार झाल्याखेरीज नेमका अंदाज येणार नाही, परंतु शहरी- ग्रामीण खर्चातील दरी १.५ टक्क्याने कमी झाली यात समाधान मानावे का? अग्रलेख
👍👍👍👍👍👍👍Cost Inflation Index for FY 2024-25: Index Table, Meaning, Calculation
Clipped from: https://cleartax.in/s/cost-inflation-index#what Prices of goods increase over time, resulting in a fall in the purchasing power (quantity of goods that one unit of money can
👍👍👍👍👍👍👍Shifting of Base Year from 1981 to 2001 for Capital Gains Tax Computation
lipped from: https://cleartax.in/s/capital-gains-calculation-base-year-shift Any person who is selling real estate, shares, or jewellery that is owned by him/her, needs to pay income tax on gains. Such
‘Why should RBI own dollars…’: Capitalmind’s Deepak Shenoy challenges central bank’s curbs on mutual funds – BusinessToday
Clipped from: https://www.businesstoday.in/markets/top-story/story/why-should-rbi-own-dollars-capitalminds-deepak-shenoy-challenges-central-banks-curbs-on-mutual-funds-458874-2024-12-29 Shenoy argued that these restrictions limit India’s financial ecosystem, suggesting that Indian investors and institutions should have more freedom to control foreign assets.
Why inflation will matter more in 2025: Explained – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/why-inflation-will-matter-more-in-2025-explained/article69036952.ece What have the Q2 of 2024-25 GDP numbers revealed? How are soaring food prices impacting the situation? Why couldn’t the RBI effect interest
👍👍👍ONDC has seen over 150 million transactions, want to grow share of transactions from small biz: ONDC CEO – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ondc-has-seen-over-150-million-transactions-want-to-grow-share-of-transactions-from-small-biz-ondc-ceo/article69030951.ece We are growing between 10 – 15 per cent every month, says T Koshy, MD & CEO, ONDC The Open Network for Digital Commerce expects
CII bats for personal income tax rate tweaks, excise duty cuts on fuels to boost consumption – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cii-bats-for-personal-income-tax-rate-tweaks-excise-duty-cuts-on-fuels-to-boost-consumption/article69040147.ece Also suggests handing out of consumption vouchers to stimulate demand among low-income households The Confederation of Indian Industry (CII) has urged the government
👍Inadequate cover – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/inadequate-cover/article69039498.ece India needs better measure of insurance penetration The Centre and Insurance Regulatory and Development Authority of India (IRDAI) have been working on blueprints
👍EEPC India proposes faceless GST audit system – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/eepc-india-proposes-faceless-gst-audit-system/article69040758.ece The apex engineering exports promotion body’s proposal comes following the successful implementation of ‘faceless assessment’ by the Income Tax department The Engineering Export
Manmohan Singh: The uncharismatic leader who transformed India’s economy | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/manmohan-singh-the-uncharismatic-leader-who-transformed-india-s-economy-124122800020_1.html Manmohan Singh had no power base or interest in building one, yet his legacy speaks for itself Charisma. The late Manmohan Singh had
High employee attrition of 25% in private banks pose operational risk: RBI | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/high-employee-attrition-of-25-in-private-banks-pose-operational-risk-rbi-124122900347_1.html Employee attrition rates are high across select private sector banks and small finance banks (SFBs), the report, which was released by the Reserve
CII calls for fuel excise cut, consumption vouchers to boost demand | Budget 2024 News – Business Standard
Clipped from: https://www.business-standard.com/budget/news/cii-calls-for-fuel-excise-cut-consumption-vouchers-to-boost-demand-124122900318_1.html Further, it urged the government to raise the annual payout under the PM-KISAN scheme from Rs 6,000 to Rs 8,000. Assuming 10 crore
1-👍👍👍👍👍👍👍Kerala HC Sets Aside Section 148 Order & Notice, Directs Fresh Order After Considering Petitioner’s Reply & Hearing
Clipped from: https://taxguru.in/income-tax/kerala-hc-sets-section-148-order-notice-directs-fresh-order-petitioners-reply-hearing.html Fathima Abu Vs PCIT (Kerala High Court) In the case of Fathima Abu Vs PCIT, the Kerala High Court set aside the order passed
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