US senators call US immigration system broken, proposes new cap and these big changes https://timesofindia.indiatimes.com/technology/tech-news/us-senators-call-us-immigration-system-broken-proposes-new-cap-and-these-big-changes/articleshow/116002702.cms Download the TOI app now: https://timesofindia.onelink.me/mjFd/toisupershare
Month: December 2024
MAGA pressure on the rupee – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/maga-pressure-on-the-rupee/3682422/ With the rupee falling less than other currencies and more Chinese dumping likely, Indian business may face domestic sales dip and less competitive
Trump’s tariff bluster – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/trumps-tariff-bluster/3682442/ The US president-elect’s latest threat may remain on paper but India must navigate carefully. BRICS nations are therefore far from unified on evolving
Rethinking RCEP: India’s absence from such a market would disadvantage both its consumers and firms – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rethinking-rcep-indias-absence-from-such-a-market-would-disadvantage-both-its-consumers-and-firms/3681510/ The RCEP is a free-trade agreement between the 10 ASEAN countries and the advanced economies of South Korea, Japan, China, Australia, and New
Can we be sure of food inflation? – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/can-we-be-sure-of-food-inflation/3683404/?ref=opinion_hp Retail vegetable price growth has averaged 10% a month in April 2019-October 2024, almost double the preceding period average, 5.3%. Trend shifts in
Neither good, nor simple – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/neither-good-nor-simple/3683444/?ref=opinion_hp The GoM’s proposals may be well-intended, but they will make the GST regime more complex. India has the fiscal space to rid this
GDP shock not a trigger – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/gdp-shock-not-a-trigger/3682428/?ref=opinion_hp Apart from growth, which is no doubt important for policymakers, the mandate for the RBI is inflation and there is some discomfort over
👌👌👌👌👌The human capital imperative – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-human-capital-imperative/3683447/?ref=opinion_hp Unless India’s baseline of human development improves, it will not be able to raise the share of manufacturing and grow into a developed
FinMin reviews Income Tax Act! Tax certainty, simplified tax-filing process, better taxpayer services must be top reform agenda – Survey – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/finmin-reviews-income-tax-act-survey-calls-for-tax-certainty-simplified-tax-filing-improved-taxpayer-services-3684059/?ref=money_hp As the finance ministry reviews the Income Tax Act, a Deloitte India survey shows that 94% of industry leaders prioritise simplifying tax laws,
👌👌👌Direct Tax Code 2025: Individuals earning Rs 5-15 lakh will be more benefitted once new tax laws in place, feel experts – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/direct-tax-code-2025-individuals-earning-rs-5-15-lakh-will-be-more-benefitted-once-new-tax-laws-in-place-feel-experts-3683751/?ref=money_hp Direct Tax Code’s key provisions are expected to include streamlined tax regimes, fewer slabs, and reduced complexities, benefiting individuals with annual incomes between
An avoidable audit turf war – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/an-avoidable-audit-turf-war/3684388/?ref=hometop_hp As NFRA makes recommendations for LLPs, the effective coexistence of the regulatory body and ICAI is essential to strengthen the accounting and auditing
SBI seeks RBI relief on inoperative accounts – Banking & Finance News | The Financial Express
Clipped from: https://www.financialexpress.com/business/banking-finance-sbi-seeks-rbi-relief-on-inoperative-accounts-3684402/?ref=hometop_hp As per the current norms, a savings or current account is classified inoperative if there is no transaction carried out by the customer
Hurdles for Microsoft Copilot – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/hurdles-for-microsoft-copilot/3684374/?ref=hometop_hp The company’s approach of rapidly deploying AI features across its product suite has been criticised for prioritising market presence over product readiness. Balancing
👌👌👌👌👌👌👌Re-opening of Assessment: dilemma of opinions!
Clipped from: https://database.taxsutra.com/articles/eceb7adb222b44360f06df5b8b5aa6/expert_article The assessment proceedings, completed under Section 143(3) of the Income-tax Act, 1961 (“Act”), have to be conferred sanctity and any reopening of the
👌👌👌👌👌👌👌Reopening assessment u/s. 147 void-ab-initio as issue already dealt in original assessment
Clipped from: https://taxguru.in/income-tax/reopening-assessment-u-s-147-void-ab-initio-issue-dealt-original-assessment.html DCIT Vs Cadila Pharmaceuticals Limited (ITAT Ahmedabad) ITAT Ahmedabad held that reopening of assessment u/s. 147 on the issue which is already dealt
👌👌👌👌👌👌👌Gifting assets to relatives? Types of assets you can gift, tax rules and more
Gifting assets to relatives? Types of assets you can gift, tax rules and more https://www.msn.com/en-in/money/news/gifting-assets-to-relatives-types-of-assets-you-can-gift-tax-rules-and-more/ar-AA1oCVfe?ocid=msedgntp&pc=DCTS&cvid=b6c7e275bfbc452aa857682003284624&ei=69 Gifting assets to relatives is a way to distribute wealth
👌👌👌👌👌👌👌Delhi HC Rules Reassessment Based on Insight Portal Information Must Be u/s 147/148, Not Section 153C
Clipped from: https://www.taxscan.in/reassessment-based-on-insight-portal-information-must-be-u-s-147-148-not-section-153c-delhi-hc-read-order/462724/ In a recent ruling, the Delhi High Court ruled that reassessment was initiated based on insight portal information so it must be under
👌👌👌Non-response to notice due to bonafide reasons justified hence matter remanded: Karnataka HC
Clipped from: https://taxguru.in/income-tax/non-response-notice-due-bonafide-reasons-justified-matter-remanded-karnataka-hc.html Varaha Builders Vs Hari Babu (Karnataka High Court) Karnataka High Court remanded the matter back to the Assessing Officer since non-response to notice
👌👌👌👌👌Mere reporting in GST return doesn’t make amount taxable under Income Tax: ITAT Ahmedabad
Clipped from: https://taxguru.in/income-tax/mere-reporting-gst-return-doesnt-amount-taxable-income-tax-itat-ahmedabad.html ITO Vs Aman Enterprise (ITAT Ahmedabad) ITAT Ahmedabad held that mere reporting in the GST return doesn’t make the amount taxable as per
👌👌👌👌👌👌👌Validity of Reopening Assessment Beyond Four-Year Limitation Period Hinges on Assessee’s Full Disclosure
https://taxguru.in/income-tax/validity-reopening-assessment-beyond-four-year-limitation-period-hinges-assessees-full-disclosure.html Prime Developers Vs ACIT (ITAT Mumbai) Reopening of assessment beyond four-year limitation period invalid if AO fails to establish failure on the part of
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