Clipped from: https://taxguru.in/income-tax/cbdt-notifies-cost-inflation-indexes-base-year-200102.html CBDT has vice Notification No. 44/2017 notified Cost Inflation indexes with Base Year as 2001-02 for the Financial Year 2001-02 to 2017-18 and
Author: Anil R Tikotekar
👌👌👌👌👌👌👌Cost Inflation Index (CII): Meaning, Index from 1981-82 to 2024-25 & Benefits
Clipped from: https://taxguru.in/income-tax/cost-inflation-index-cii-meaning-index-1981-82-to-2024-25-benefits.html Introduction The Cost Inflation Index (CII) is a measure of inflation used in the computation of long-term capital gains on the sale of
👌👌👌👌👌👌👌New RCM Time of Supply Rules Effective from 1st November 2024
Clipped from: https://taxguru.in/goods-and-service-tax/rcm-time-supply-rules-effective-1st-november-2024.html Summary: Effective November 1, 2024, new amendments to the CGST Act will change the time of supply rules for Reverse Charge Mechanism (RCM)
👌👌👌👌👌👌👌Assessment to be made under Section 144, not 143(3), for defective returns: ITAT Delhi
Clipped from: https://taxguru.in/income-tax/assessment-section-144-1433-defective-returns-itat-delhi.html PME Power Projects India Ltd Vs DCIT (ITAT Delhi) ITAT Delhi held that in the event of defective return filed by the assessee,
👌👌👌👌👌👌👌ITAT Mumbai Invalidates section 148 Reassessment Due to Wrong Approval
Clipped from: https://taxguru.in/income-tax/itat-mumbai-invalidates-section-148-reassessment-due-wrong-approval.html Indu Pankaj Dhandharia Vs ACIT (ITAT Mumbai) ITAT Mumbai held that approval for issuance of notice to issue notice under section 148 of
👌👌👌👌👌GST return time bar: No filing after 3 years of due date, taxpayers advised to file pending return – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/gst-return-time-bar-no-filing-after-3-years-of-due-date-taxpayers-advised-to-file-pending-return-452067-2024-10-30 The new changes will be implemented on the GST portal in early 2025. Therefore, taxpayers are urged to review their records and submit
👌👌👌👌👌👌👌Aadhar Not conclusive proof of individual’s date of birth: SC
Clipped from: https://taxguru.in/corporate-law/aadhar-conclusive-proof-individuals-date-birth-sc.html Saroj & Ors. Vs IFFCO-TOKIO General Insurance Co. & Ors. (Supreme Court of India) In a significant ruling, the Supreme Court of India
👌👌👌👌👌GST Registration Cannot Be Cancelled for Non-Submission of SCN Reply: Allahabad HC
Clipped from: https://taxguru.in/goods-and-service-tax/gst-registration-cancelled-non-submission-scn-reply-allahabad-hc.html Laxmi Traders Vs Addl. Comm. Grade 2 (Appeal) (Allahabad High Court) In Laxmi Traders Vs. Additional Commissioner (Appeal), the Allahabad High Court addressed the
👌👌👌👌👌👌👌CIT(A) Accepts Additional Evidence on LTCG in violation of Rule 46A: ITAT Remands to AO
Clipped from: https://taxguru.in/income-tax/cita-accepts-additional-evidence-ltcg-violation-rule-46a-itat-remands-ao.html ACIT Vs Sangeeta Ganpat Sawant (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) in Mumbai has recently delivered a significant ruling in the
Spanish residents appeal for help, three days after floods left 158 dead | World News – Business Standard
Clipped from: https://www.business-standard.com/world-news/spanish-residents-appeal-for-help-three-days-after-floods-left-158-dead-124110100479_1.html And as authorities repeat over and over, more storms are expected. The Spanish weather agency issued alerts for strong rains in Tarragona, Catalonia,
👌Tax experts call for quicker disposal of appeals, settlement – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-tax-experts-call-for-quicker-disposal-of-appeals-settlement-3650489/ These demands have been made in the context of the ongoing comprehensive review and re-drafting of the Income Tax Act, 1961. Tax experts
RBI well-equipped to deal with any volatility post US elections: Report | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/rbi-well-equipped-to-deal-with-any-volatility-post-us-elections-report-124103100809_1.html The Reserve Bank of India would be able to tap its large foreign exchange reserves to defend the domestic currency in the event
Buying a cardiac plan? Check waiting periods and co-payment requirements
Clipped from: https://www.business-standard.com/finance/personal-finance/buying-a-cardiac-plan-check-waiting-periods-and-co-payment-requirements-124103101010_1.html Customers should also watch out for sub-limits on room rent and specific treatments Heart disease In recent years, heart disease has become one
👌👌👌AI adoption in banking: India’s opportunity to transform financial services
Clipped from: https://www.business-standard.com/opinion/editorial/ai-adoption-in-banking-india-s-opportunity-to-transform-financial-services-124103101146_1.html Banks with large asset sizes and those endowed with greater resources are more inclined to invest in innovation and modern technologies like AI
👌Chanel CEO asked ChatGPT to picture her team but was disappointed by the result – BusinessToday
Clipped from: https://www.businesstoday.in/technology/artificial-intelligence/story/chanel-ceo-asked-chatgpt-to-picture-her-team-but-was-disappointed-by-the-result-452194-2024-10-31 Chanel’s CEO Leena Nair finds AI-generated leadership imagery lacking gender diversity. Discover how she’s pushing for change in both tech and fashion. Chanel’s
👌ChatGPT search is here, merging real-time results with AI-powered conversations: How to use it – BusinessToday
Clipped from: https://www.businesstoday.in/technology/news/story/chatgpt-search-is-here-merging-real-time-results-with-ai-powered-conversations-how-to-use-it-452202-2024-11-01 ChatGPT’s new web search feature blends real-time data with conversational AI, making it easier than ever to find reliable answers in one place.
👌Deposits outpace credit growth after 30 months, hinting at stability | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/deposits-outpace-credit-growth-after-30-months-hinting-at-stability-124103100853_1.html Credit growth coming off its highs has largely contributed to credit-deposit growth aligning After nearly 30 months, banks’ deposit growth has edged above
👌More than 50% of total MF AUM comes from just three states – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/investment/story/more-than-50-of-total-mf-aum-comes-from-just-three-states-452190-2024-10-31 Maharashtra contributed Rs 27.49 lakh crore of the total MF AUM of Rs 67.09 lakh crore as of September 2024. This was followed by
👌👌👌👌👌Everything about AB-PMJAY’s Rs 5 lakh coverage scheme for senior citizens above 70 years
Clipped from: https://www.deccanherald.com/india/explained-everything-about-ab-pmjays-rs-5-lakh-coverage-scheme-for-senior-citizens-above-70-years-3187765 AB PM-JAY logo. Credit: X/@AyushmanNHA Prime Minister Narendra Modi today launched development projects worth nearly Rs 12,850 crore and extended his government’s flagship health insurance