Clipped from: https://www.financialexpress.com/money/income-tax/itr-filing-is-mandatory-in-10-situations-check-if-you-fall-in-any-of-them/2534367/ Section 139 lists certain situations wherein ITR filing by an individual is mandatory even if no tax has been deducted from his income
Author: Anil R Tikotekar
*****Repo rate hike ‘no brainer’ says RBI’s Shaktikanta Das; brace for more hikes in upcoming monetary policy meets | The Financial Express
Clipped from: https://www.financialexpress.com/economy/repo-rate-hike-no-brainer-rbis-shaktikanta-das-says-brace-for-more-hikes-in-upcoming-monetary-policy-meets/2534504/ In an interview to CNBC TV18, Das said he won’t be able to specify the rate, though he added that it would not
*Taxpayers can now claim refund of IGST on ocean freight: Experts on SC judgement – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/taxpayers-can-now-claim-refund-of-igst-on-ocean-freight-experts-on-sc-judgement/articleshow/91720819.cms Synopsis Tax Connect Advisory Services Partner Vivek Jalan said this is a big relief for importers and GST taxpayers. “In fact those taxpayers
Joe Biden says a US recession not inevitable, pain to last ‘some time’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/joe-biden-says-a-us-recession-not-inevitable-pain-to-last-some-time/articleshow/91736068.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis Biden acknowledged the impact that severe supply shortages and high energy prices are having on U.S. families. He said his administration was
Why it is impossible to continue with GST law in its present form – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-why-it-is-impossible-to-continue-with-gst-law-in-its-present-form/articleshow/91728653.cms Synopsis It was presumed that the introduction of a nationwide fiscal system would give the Centre exclusive power over indirect taxation. The court
*****Banks to stop collateral-free intra-day funding to brokers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/banks-to-stop-collateral-free-intra-day-funding-to-brokers/articleshow/91731697.cms Synopsis Till now, such intra-day exposures to market intermediaries – unlike guarantees to a broker or longer-tenor loans to finance proprietary trades –
RBI rate hike: Expectations of higher rates ‘a no brainer’, RBI Governor Das says – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/expectations-of-higher-rates-a-no-brainer-rbi-governor-das-says/articleshow/91737868.cms Synopsis The Reserve Bank of India Governor Shaktikanta Das has said that the central bank wants to raise interest rates in the next
I have no choice but to find answers to what has happened here: Ankiti Bose, ousted CEO of Zilingo – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/technology-and-startups/i-have-no-choice-but-to-find-answers-to-what-has-happened-here-ankiti-bose-ousted-ceo-of-zilingo/primearticleshow/91731851.cms SynopsisBose, co-founder of the Sequoia-backed fashion B2B commerce firm, maintains that the board kept her in the dark on the complaints against her
*****Insurance Query: How do I port my health insurance policy? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-how-do-i-port-my-health-insurance-policy/article65429851.ece Before porting your policy, make sure to on the waiting period in your new policy and if you are being passed on all
*****Why banks may not be able to pass on rate hikes – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/why-banks-may-not-be-able-to-pass-on-rate-hikes/article65443446.ece Being the first major interest rate hike since 2018, banks may have to weigh profitability vs. loan growth Following RBI’s repo rate hike
*Govt waives import duty on some raw materials to rein in prices – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/govt-waives-import-duty-on-raw-materials-for-steel-industry-export-duty-on-iron-ore-hiked-up-to-50/article65443653.ece Cuts customs duty on coking coal and ferronickel; hikes duty on iron ore exports by up to 50 per cent The government has
*****SC verdict on GST Council’s recommendations will have no practical impact | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/sc-verdict-on-gst-council-s-recommendations-will-have-no-practical-impact-122052100548_1.html Why has no state, since July 2017 when GST was implemented, set different rates for itself? The answer is self-interest The Supreme Court’s
*****India Inc employees continue to battle mental health issues – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/india-inc-employees-continue-to-battle-mental-health-issues/articleshow/91714854.cms Synopsis Data from psychological health platform InnerHour shows that the volume of callers seeking counselling support on its helplines is 6-7 times of
*Re loses to dollar, but wins against other heavyweights – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/re-loses-to-dollar-but-wins-against-other-heavyweights/articleshow/91698810.cms Synopsis The rupee has shed about 4.32% against the dollar this calendar year; by contrast, it has advanced up to 6.21% against the
*****Where the rupee is headed, and what its fall means to consumers, markets | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/where-rupee-headed-what-its-fall-means-7926662/ The depreciation of the rupee expected to impact the economy in general and various segments such as imports, mainly fuel prices, and push
*****Govt cuts excise duty on petrol, diesel to curb inflation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/govt-cuts-excise-duty-on-petrol-diesel-to-curb-inflation/article65443012.ece This will reduce the price of petrol by ₹9.5 per litre and of diesel by ₹7 per litre With the clear aim of
US Visa: NRI Helpdesk: Can you expedite your US visa processing? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/migrate/nri-helpdesk-can-you-expedite-your-us-visa-processing/articleshow/91709308.cms Synopsis For our NRI readers, we have started an immigration helpdesk. Write to us at nri.economictimes@gmail.com and our team of experts will address
Chartered Accountants Arrested and Remanded to Judicial Custody for 14 Days: GST Dept response to Detention of 2 CAs-TAXSCAN
Read More: https://www.taxscan.in/chartered-accountants-arrested-and-remanded-to-judicial-custody-for-14-days-gst-dept-response-to-detention-of-2-cas/176763/ Clipped from: https://www.taxscan.in/chartered-accountants-arrested-and-remanded-to-judicial-custody-for-14-days-gst-dept-response-to-detention-of-2-cas/176763/ Top Stories By Rasheela Basheer – On May 21, 2022 11:08 am Finally, the GST Department, has responded to the alleged illegal detention of
Wife eligible for Capital Gain Exemption If Money given for Acquisition of Property either directly to Builder or as Reimbursement to Husband-TAXSCAN
lipped from: https://www.taxscan.in/wife-eligible-for-capital-gain-exemption-if-money-given-for-acquisition-of-property-either-directly-to-builder-or-as-reimbursement-to-husband/171942/ Top Stories By Rasheela Basheer – On May 2, 2022 8:50 pm The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the wife is
Source of Money cannot be doubted If Fixed Deposits are made out ofSavings: ITAT grants Relief to Senior Citizen Lady-TAXSCAN
Clipped from: https://www.taxscan.in/source-of-money-cannot-be-doubted-if-fixed-deposits-are-made-out-of-savings-itat-grants-relief-to-senior-citizen-lady/171535/ Top Stories By Taxscan Team – On April 30, 2022 6:46 pm In a woman-friendly ruling, the Cuttack bench of the Income Tax Appellate Tribunal (ITAT) has held