Clipped from: https://www.businesstoday.in/india/story/complexity-is-a-bureaucrats-delight-ex-cea-k-subramanian-reacts-to-18-gst-on-caramelised-popcorn-458200-2024-12-22 On Saturday, the GST Council recommended 5% GST on salted popcorn, 12% on pre-packaged and labelled, and 18% on caramel popcorn. Former Chief
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.
‘Leave India, it’s high time’: Startup founder’s advice to high-earning Indians – BusinessToday
Clipped from: https://www.businesstoday.in/latest/trends/story/leave-india-its-high-time-startup-founders-advice-to-high-earning-indians-458206-2024-12-22 In a post on the r/India subreddit, the user explained that he had studied at one of India’s top engineering institutes before pursuing
‘This is silly…’: Mohandas Pai says GST complexity will hold Indians hostage to ‘rent-seeking officials’ – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/this-is-silly-mohandas-pai-says-gst-complexity-will-hold-indians-hostage-to-rent-seeking-officials-458188-2024-12-22 The outrage stems from decisions made at the 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman. While some announcements aimed to
‘AI could become middle-class job killer unless…’: One of India’s top money manager warns – BusinessToday
Clipped from: https://www.businesstoday.in/technology/news/story/ai-could-become-middle-class-job-killer-unless-one-of-indias-top-money-manager-warns-458189-2024-12-22 According to a report by Marcellus Investment Managers, routine jobs like clerical and supervisory roles are vanishing, replaced by cost-cutting measures like outsourcing
‘Rs 1 crore is just not enough…’: KM Birla spills hard truths about starting a business in India – BusinessToday
Clipped from: https://www.businesstoday.in/latest/corporate/story/rs-1-crore-is-just-not-enough-km-birla-spills-hard-truths-about-starting-a-business-458195-2024-12-22 Birla’s advice to budding entrepreneurs was straightforward: “Do what you love doing, keep the passion alive, and build a great team. A strong
‘A national tragedy…’: Former CEA Arvind Subramanian slams GST moves amid popcorn tax fury – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/a-national-tragedy-former-cea-arvind-subramanian-slams-gst-moves-amid-popcorn-tax-fury-458182-2024-12-22 Under the revised framework, pre-packaged salted popcorn attracts a 12% GST, while caramelized variants move to the 18% slab. Subramanian pointed to such
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1👍👍👍👍👍👍👍The Reassessment Maze – Budget 2024 Proposals
Clipped from: https://database.taxsutra.com/articles/d271ed6f303e1b59d7025ff6df08a5/expert_article Background Re-assessment provisions under the Income Tax Act, 1961 (the Act) were significantly modified by the Finance Act 2021, effective from 1 April
आवश्यक 👍👍👍👍👍👍👍2024 Amendments to Income-tax Reassessment Procedures.
Clipped from: https://www.metalegal.in/post/2024-amendments-to-income-tax-reassessment-procedures Introduction The reassessment provisions under the Income-tax Act, 1961 (‘IT Act’) have been a focal point of legislative reform and judicial scrutiny. The
1👍👍👍👍👍👍👍ITAT Restores Matter to CIT(A) Over Incorrect Email Notices
Clipped from: https://www.taxscan.in/notices-for-appeal-sent-to-incorrect-email-id-itat-restores-matter-to-cita/468695/ The ITAT decided to restore the appeal for a fresh hearing, instructing the CIT(A) to issue notices to the correct email address By Sneha
1👍👍👍👍👍👍👍Reopening bad-in-law since AO unaware about exact nature of income which escaped assessment
Clipped from: https://taxguru.in/income-tax/reopening-bad-in-law-ao-unaware-exact-nature-income-escaped-assessment.html ITO Vs Magnetic Properties Exim Pvt. Ltd. (ITAT Mumbai) ITAT Mumbai held that in case of reopening of assessment AO needs to have
1👍👍👍👍👍👍👍Initiation of proceedings u/s. 148 based on material found during search invalid: ITAT Delhi
Clipped from: https://taxguru.in/income-tax/initiation-proceedings-u-s-148-based-material-search-invalid-itat-delhi.html Sheel Trading Company Vs ACIT (ITAT Delhi) ITAT Delhi held that based on incriminating materials unearthed during the course of search, proceedings under
1👍👍👍👍👍👍👍Reopening bad-in-law since AO unaware about exact nature of income which escaped assessment
https://taxguru.in/income-tax/reopening-bad-in-law-ao-unaware-exact-nature-income-escaped-assessment.html Clipped from: https://taxguru.in/income-tax/reopening-bad-in-law-ao-unaware-exact-nature-income-escaped-assessment.html ITO Vs Magnetic Properties Exim Pvt. Ltd. (ITAT Mumbai) ITAT Mumbai held that in case of reopening of assessment AO needs to
1👍👍👍👍👍👍👍Adoption of section 50C justified on difference in sale consideration in sale deed and stamp value adopted by officer
Clipped from: https://taxguru.in/income-tax/adoption-section-50c-justified-difference-sale-consideration-sale-deed-stamp-adopted-officer.html Ranganath Ashok Meharwade Vs ITO (ITAT Bangalore) ITAT Bangalore held that once the sale consideration mentioned in the sale deed differs from the
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