Clipped from: https://www.businesstoday.in/personal-finance/tax/story/gst-on-popcorn-varying-rates-may-be-difficult-to-implement-lead-to-classification-disputes-say-experts-458430-2024-12-24 Call for rationalised rates and review of multiple rates on various forms of a single product The GST Council has clarified that popcorn
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.
Rupee plummets to new low, weighed down by strong $ and weak Chinese yuan – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rupee-plummets-to-new-low-weighed-down-by-strong-and-weak-chinese-yuan/article69019806.ece Dollar demand, higher crude oil prices triggered by volatile geopolitical situation also dented sentiments The rupee (INR) continues to feel the heat of
US’ spending relief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/us-spending-relief/article69019967.ece Few takers for Trump’s measures to cut deficit Nearly everyone had a sense of relief when President Joe Biden signed the Continuing Resolution
Signals from the banking sector – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/signals-from-the-banking-sector/article69019994.ece Clipped from: https://www.thehindubusinessline.com/opinion/signals-from-the-banking-sector/article69019994.ece The recent growth slowdown can be partially explained by sharp dip in first half credit growth The sense in business circles, that
Forgotten, Ambedkar the economist – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/forgotten-ambedkar-the-economist/article69020008.ece The main challenges we face today, of unemployment, under-employment and low productivity, he identified over 100 years ago The ongoing graceless and unedifying
👍👍👍Conceived as a simple tax, GST is now quite the opposite – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/conceived-as-a-simple-tax-gst-is-now-quite-the-opposite/article69019489.ece A decision on exempting health insurance from GST has been too slow in coming. Nor has the transition out of compensation cess been
👍Consumer protection: Buyer entitled to market value if flat is resold
Clipped from: https://www.business-standard.com/opinion/columns/consumer-protection-buyer-entitled-to-market-value-if-flat-is-resold-124122300012_1.html The National Commission condemned the builder for creating third-party rights during litigation, thereby depriving the buyer of a permanent roof over his head
AI, capitalism, and ethics: The urgent need for responsible governance
Clipped from: https://www.business-standard.com/opinion/columns/ai-capitalism-and-ethics-the-urgent-need-for-responsible-governance-124122301123_1.html Without human feelings and consciousness, AI, like any technology, is an ethics-free enterprise (Photo: Shutterstock) Listen to This Article Artificial intelligence (AI) is
Growth slowdown, fiscal dilemma complicate India’s Budget preparation | Editorial Comment – Business Standard
Clipped from: https://www.business-standard.com/opinion/editorial/growth-slowdown-fiscal-dilemma-complicate-india-s-budget-preparation-124122301143_1.html The Ministry pointed out that revenue receipts in the first half of the year, at almost 52 per cent of Budget Estimates, were
India’s economy faces slower growth in 2025, macro risks intensify
Clipped from: https://www.business-standard.com/opinion/columns/india-s-economy-faces-slower-growth-in-2025-macro-risks-intensify-124122301134_1.html In 2025, macro policies will need to support domestic demand, but without compromising on macrofinancial stability risks Illustration: Binay Sinha Listen to This
Indians ordered an average of 158 biryanis per minute: Swiggy report | News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/indians-ordered-an-average-of-158-biryanis-per-minute-swiggy-report-124122301029_1.html Swiggy said Biryani is still the undisputed dish in terms of demand for the 9th consecutive year as India ordered 83 million Biryanis,
Event organisers to gain ITC benefits as GST Council amends sponsorship tax
Clipped from: https://www.business-standard.com/economy/news/event-organisers-to-receive-itc-benefits-124122301047_1.html GST Council brings sponsorship services under forward charge mechanism According to experts, the previous ambiguity regarding the classification of such services not only
Over Rs 20k cr of unclaimed amounts lie with life insurers at end of FY24 | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/over-rs-20k-cr-of-unclaimed-amounts-lie-with-life-insurers-at-end-of-fy24-124122300989_1.html Irdai also adopted several measures to reduce existing unclaimed amounts, asking insurers to prompt policyholders to update their contact details at the time
Exporters: Know when you can claim duty drawback and Rodtep benefits | SME – Business Standard
Clipped from: https://www.business-standard.com/industry/sme/exporters-know-when-you-can-claim-duty-drawback-and-rodtep-benefits-124122400016_1.html Drawback and Rodtep will be available only against export of goods. At the time of export of goods, one must declare the value
आवश्यक 👍👍👍👍👍👍👍Assessment Ignoring Indexed Cost of Acquisition Set Aside: Karnataka HC
Devanur Thimmasetty Srinivasa Vs ITO (Karnataka High Court) Assessment order taking entirety of the sale consideration without taking note of the indexed cost of acquisition.
1👍👍👍👍👍👍👍Application of Section 147 of Income Tax Act by AO having Tangible Material in Possession indicating Escapement of Income Chargeable to Tax is Valid: ITAT
lipped from: https://www.taxscan.in/application-of-section-147-of-income-tax-act-by-ao-having-tangible-material-in-possession-indicating-escapement-of-income-chargeable-to-tax-is-valid-itat/322680/ The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the application of Section 147 of the Income Tax Act 1961, by an
1👍👍👍👍👍👍👍No Assessment Order shall be passed u/s 153C of Income Tax Act when Seized documents did not establish any correlation with that Assessment Year :ITAT
Clipped from: https://www.taxscan.in/no-assessment-order-shall-be-passed-u-s-153c-of-income-tax-act-when-seized-documents-did-not-establish-any-correlation-with-that-assessment-year-itat/322122/ The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no assessment order should be passed under Section 153C of the Income Tax Act, 1961 when seized
1👍👍👍👍👍👍👍Reopening of Assessment. u/s 147 of Income Tax Act not Valid in Absence of an Allegation Failure to Disclose Material Fact: Delhi HC
Clipped from: https://www.taxscan.in/reopening-of-assessment-u-s-147-of-income-tax-act-not-valid-in-absence-of-an-allegation-failure-to-disclose-material-fact-delhi-hc/302460/ The Delhi High Court has held that reopening of assessment under section 147 of the Income Tax Act, 1961 is not valid in
1👍👍👍👍👍👍👍ITAT Remands CIT(A)’s Addition Matter for Ignoring NRI’s 50% Property Ownership Claim
lipped from: https://www.taxscan.in/cita-makes-addition-without-considering-nris-only-50-ownership-claim-in-property-itat-remands-matter-for-proper-hearing/469648/ Considering CIT(A) made an addition ignoring the assessee’s 50% property ownership, the ITAT remanded the matter for fresh consideration By Kavi Priya – On December 23,
1👍👍👍👍👍👍👍Assessee not expected to keep E-Portal of Income Tax Dept Open all time to have Knowledge of what is being Done: Punjab and Haryana HC
Clipped from: https://www.taxscan.in/assessee-not-expected-to-keep-e-portal-of-income-tax-dept-open-all-time-to-have-knowledge-of-what-is-being-done-punjab-and-haryana-hc-read-order/390764/ Individual or an Assessee not expected to keep e-portal of Income Tax Dept open all time to have knowledge of what is being
aniltikotekar4sme.com 