Day: February 10, 2025
*Delhi HC quashes NFRA’s 11 show-cause notices against CAs, audit firms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/delhi-hc-quashes-nfras-11-show-cause-notices-against-cas-audit-firms/article69199642.ece In a 476-page order disposing of a batch of writ petitions, the Bench of Justice Yashwant Varma and Justice Dharmesh Sharma held that
*After RBI’s repo rate cut: The global environment will pose risks
Clipped from: https://www.business-standard.com/opinion/editorial/after-rbi-s-repo-rate-cut-the-global-environment-will-pose-risks-125020900764_1.html The RBI expects the consumer price index-based inflation rate to average 4.2 per cent in 2025-26 – assuming a normal monsoon – compared
*******No tax on income up to Rs 12 lakh, but it’s a rebate, not an exemption | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/no-tax-on-income-up-to-rs-12-lakh-but-it-s-a-rebate-not-an-exemption-125020600916_1.html A rebate applies after tax is calculated, reducing the final amount payable, much like a discount Listen to This Article Budget 2025 has
*****Section 37C of the Central Excise Act, 1944, —–delivery mode of show cause notices under Service Tax.
Section 37C of the Central Excise Act, 1944, indeed has relevance to the delivery mode of show cause notices under Service Tax. According to Section
*******Gift Tax : A Comprehensive Case Analysis of Gift Tax
Clipped from: https://www.taxscan.in/a-comprehensive-case-analysis-of-gift-tax/477302/?utm_source=signinbutton&utm_medium=txn&utm_campaign=checkoutsigninbtn Gift transactions in India are subject to income tax. Certain gifts received in India are subject to taxation, despite the fact that there
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