Rs 60 lakh cash gift from late husband: Widow gets income tax notice for’unexplained’ credit – Know what ITAT ruled

Read more at:https://economictimes.indiatimes.com/wealth/tax/widow-bank-account-rs-60-lakh-cash-deposit-gift-late-husband-income-tax-notice-she-wins-in-itat-pune/articleshow/135227623.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Is a cash gift received from the late husband taxable in the hands of the widow? Recently, ITAT Pune pronounced its order

Editorial in BS- Gold loans [1] One in every four to five borrowers took a gold loan to repay other loans [2] Thus the new loan is unlikely to improve the borrower’s ability to repay [3] Gold loans are now about 5.6 trillion as of August 31 [4] Share of housing loans in household borrowing is declining [5] However debt servicing burden on households could affect overall consumption and growth in the medium term [6] This could also have repercussions for household savings with implications for overall investments in the economy– Courtesy BS

SBI Chairman on effects of  recent rate hike on credit and deposits [1] Another 50 bps soon [2] Opines — weakening credit cycle and moderation in the credit demand are two different things [3] Opines further ” we r entering the rate hike cycle with a robust growth rate ” [4] Advises  banks ” What is important is in terms of your service quality and what is the value proposition you give to a customer in terms of maintaining the account — News Courtesy BusinessLine

Telangana HC Full Bench Upholds Portal-Authenticated GST Notices and Orders Without Digital/Physical Signatures

Read more at: https://taxguru.in/goods-and-service-tax/telangana-hc-full-bench-upholds-portal-authenticated-gst-notices-orders-without-digital-physical-signatures.html Copyright © Taxguru.in https://taxguru.in/goods-and-service-tax/telangana-hc-full-bench-upholds-portal-authenticated-gst-notices-orders-without-digital-physical-signatures.html?utm_source=follow.it Summary: The Telangana High Court Full Bench, in Gudla Vanaja and Ors. v. Assistant Commissioner (ST), Saroor

*****Central Bank of India clarifies all accounts are safe after reports of 187 unauthorised transactions worth Rs 13.97 crore

Read more at:https://economictimes.indiatimes.com/wealth/save/central-bank-of-india-clarifies-all-accounts-are-safe-after-reports-of-187-unauthorised-transactions-worth-rs-13-97-crore/articleshow/135206556.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Central Bank of India has clarified that no customer accounts were affected by the unauthorised RTGS transactions reported in the media. The

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