lipped from: https://www.thehindubusinessline.com/economy/in-relief-to-micro-enterprises-icai-softens-accounting-standards-blow/article34239244.ece?homepage=true A special category has been created The Institute of Chartered Accountants of India (ICAI) has exempted micro-enterprises from the adoption of certain accounting
Author: Anil R Tikotekar
मी यापूर्वी बँक ऑफ महाराष्ट्र मध्ये क्षेत्रीय अधिकारी म्हणून काम करत होतो. मुंबई, पुणे, सोलापूर, कोल्हापूर व लातूर येथे काम करण्याचा अनुभव आहे . १६ वर्षे मनेजर म्हणूनही काम केले आहे तसेच बँक ऑफ महाराष्ट्र मधील ट्रेनिंग कॉलेज मध्ये शिकवण्याचा देखील अनुभव आहे. माझा इमेल aniltikotekar@gmail.com असा आहे. माझी website अजून चांगली कशी होईल याबाबत सूचनांचे स्वागतच आहे. कोणत्याही आर्थिक फायदा मिळवावा अशा हेतूने ही website सुरु केलीली नाही याची नोंद वाचकांनी घेणे गरजेचे आहे. तसेच या संकेतस्थळावर दिला गेलेला सल्लाअमलात आणण्याआधी आपल्या आर्थिक बाबी माहित असण्याऱ्या व्यक्तींचा [ जसे की CA ] सल्ला घ्यावा. समाजातील काही घटनांना थोडीशी जरी मदत झाली तरी हा प्रयत्न थोडाफार तरी यशस्वी झाला असे म्हणता येईल.
Now, a pre-packaged insolvency process for MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/now-in-india-a-pre-packaged-insolvency-process-for-msmes/article34242211.ece?homepage=true Centre issues ordinance to introduce pre-packaged insolvency for corporates classified as MSMEs The Centre has used the Ordinance route to introduce pre-packaged insolvency
Signs of the times: Digital document verifications accelerate amid Covid-19 | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/signs-of-the-times-digital-document-verifications-accelerate-amid-covid-19-121040400912_1.html The use of digital signatures and online verification of documents has touched a new high after the onset of the pandemic The Covid-19
Fresh risk to economy | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/fresh-risk-to-economy-121040400923_1.html Govt should avoid the mistakes of 2020 The latest tax collection data suggests the final fiscal deficit number for 2020-21 will be lower than the revised estimate.
IndusInd Bank: With the balance sheet stabilising, focus shifts to growth | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/indusind-bank-with-the-balance-sheet-stabilizing-focus-shifts-to-growth-121040400807_1.html Street’s apprehension on asset quality and ability to regain footing on deposits has been arrested Provisions as a proportion of total loans stood
ByteDance says India’s freeze on bank accounts is harassment: Court filing | Business Standard News
lipped from: https://www.business-standard.com/article/current-affairs/bytedance-says-india-s-freeze-on-bank-accounts-is-harassment-court-filing-121040400476_1.html Beijing has repeatedly criticised India over that ban and those of other Chinese apps Photo: Reuters China’s ByteDance has told an Indian court that a
Decade on, wait for a roof still far cry for Jaypee Infratech homebuyers | Business Standard News
lipped from: https://www.business-standard.com/article/pf/decade-on-wait-for-a-roof-still-far-cry-for-jaypee-infratech-homebuyers-121040400958_1.html Apex court has sent case back to lenders, allowing previous two bidders to furnish revised plan According to a report by the Interim
Primary focus on scaling up existing units: M&M MD & CEO Anish Shah | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/primary-focus-on-scaling-up-existing-units-m-m-md-ceo-anish-shah-121040400936_1.html Anish Shah says the exercise of exiting loss-making international subsidiaries is almost done Anish Shah, Managing Director and CEO, Mahindra and Mahindra Anish
Defying the Covid-19 pandemic: Buoyant exports of ‘core’ products signal trade edge – The Financial Express
Clipped from: https://www.financialexpress.com/economy/defying-the-covid-19-pandemic-buoyant-exports-of-core-products-signal-trade-edge/2226796/ India’s exports of ‘core’ products, or goods excluding petroleum and gems & jewellery, have accelerated at a quicker pace than that of overall
Real returns from FDs remain in the red: Savers reliant on bank deposits continue to lose – The Financial Express
Clipped from: https://www.financialexpress.com/money/real-returns-from-fds-remain-in-the-red-savers-reliant-on-bank-deposits-continue-to-lose/2226806/ The government may have reversed its decision to lower rates of small savings schemes, but savers who rely on bank deposits continue to
Insolvency scheme: Govt, regulator finalising pre-pack framework, MSME scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/insolvency-scheme-govt-regulator-finalising-pre-pack-framework-msme-scheme/2226793/ The government and the regulator are in the process of finalising a so-called pre-pack insolvency scheme, while a special framework for micro, small
Your health insurance premium can help you save big on tax; here’s a complete guide to Section 80D income tax deductions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/insure/health-insurance/your-health-insurance-premium-can-help-you-save-big-on-tax-heres-a-complete-guide-to-section-80d-income-tax-deductions/articleshow/81633530.cmsSynopsis Bajaj Allianz is determined to make sure that you get your money’s worth at every stage. This convenience gets a further boost with
ITR filing: 2-5% TDS on small savings if ITR not filed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/2-5-tds-on-small-savings-if-itr-not-filed/articleshow/81884632.cmsSynopsis Tax experts say this will ensure that tax-free options such as the PPF and other Post Office schemes are not misused by non-filers.
Commercial real estate developers urge govt to not levy 18% GST – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/commercial-real-estate-developers-urge-govt-to-not-levy-18-gst/articleshow/81849597.cmsSynopsis Instead of outright purchase of land, developers are now looking to enter into a joint development agreement where both landowner and developer share
Confusion over when to levy GST on gift vouchers and gift cards finally gets cleared – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/gst/confusion-over-when-to-levy-gst-on-gift-vouchers-and-gift-cards-finally-gets-cleared/articleshow/81906915.cmsSynopsis Levying Goods and Services Tax (GST) on gift vouchers and gift cards has been a complicated matter that may just have been eased
bad loans: RBI may set up task force soon: Rules for ARCs likely to be reviewed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rules-for-arcs-likely-to-be-reviewed/articleshow/81904479.cmsSynopsis The move could involve examining proposals like weaving the role of ARCs in the insolvency and bankruptcy code, letting them join hands with
income tax returns | capital gains: Checking tax evasion: Taxman to access capital gains data directly from FY22 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/taxman-to-access-capital-gains-data-directly-from-fy22/articleshow/81907295.cmsSynopsis A notification issued by the I-T department on March 12 has included stock exchanges, depositories, clearing corporations and registrars to an issue and
Avoid tax credit mismatch in income-tax return request: Experts | Business Standard News
lipped from: https://www.business-standard.com/article/pf/avoid-tax-credit-mismatch-in-income-tax-return-request-experts-121030300038_1.html In case of an error, file a revised TDS return under Section 154(1) Tax credit is the tax deposited in the government’s treasury
Budget proposals will ease taxpayers’ burden from April 1, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/budget-proposals-will-ease-taxpayers-burden-from-april-1-say-experts-121031800045_1.html But changes like taxation of EPF contributions above Rs 2.5 lakh will pinch the wallet Archit Gupta, chief executive officer (CEO) of Cleartax,
New ITR forms aligned with changes in Finance Act: Check details here | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/new-itr-forms-aligned-with-changes-in-finance-act-check-details-here-121040500017_1.html Presumptive taxation provisions allow companies below a threshold to not keep detailed accounts of books. Rules were amended to not allow these assesses
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