Clipped from: https://www.financialexpress.com/policy/economy-bill-to-raise-insurance-fdi-launch-composite-licence-in-winter-session-3655504/?ref=hometop_hp Among other changes that will lead to the growth of insurance penetration in the country, capital requirements may be lowered for micro-insurance players.
Author: Anil R Tikotekar
👌👌👌👌👌P Chidambaram writes: Fasten your seat belt | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/p-chidambaram-writes-fasten-your-seat-belt-9650431/ Inflation is not yet on the path toward the target rate of 4 per cent. Food and fuel prices complicate matters. Both do
👌👌👌👌👌GST frauds multiply: Officials grapple with widespread evasion, complex scams | Business News – The Indian Express
Clipped from: https://indianexpress.com/article/business/gst-frauds-multiply-officials-grapple-with-widespread-evasion-complex-scams-9651890/?ref=latestnews_hp Over seven years after the rollout of GST in July 2017, authorities are still grappling with multiple such instances of GST frauds, involving
‘Can cause serious health threats’: Swiggy-PharmEasy’s 10-minute medicine delivery sparks alarm among chemists’ association – BusinessToday
Clipped from: https://www.businesstoday.in/industry/story/can-cause-serious-health-threats-swiggy-pharmeasys-10-minute-medicine-delivery-sparks-alarm-among-chemists-association-452374-2024-11-03 In a letter to the Drugs Controller General of India (DCGI), AIOCD warned that the rapid delivery model could potentially violate Indian drug
My mother has to undergo chemotherapy sessions . Do I need to take insurance approval for each session? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/insurance/story/my-mother-has-to-undergo-chemotherapy-sessions-do-i-need-to-take-insurance-approval-for-each-session-452327-2024-11-03 In the event of a medical emergency necessitating immediate chemotherapy, obtaining pre-approval may not be possible. In such cases, promptly notifying the insurance
👌👌👌👌👌👌👌Immovable Property Sold at less than Stamp Duty Value – Tax Impact on Seller
Clipped from: https://taxguru.in/income-tax/immovable-property-sold-stamp-duty-tax-impact-seller.html Income-Tax Implications for the Sellers, if any Immovable Property is Sold for a consideration less than Stamp Duty Value When any person sells
👌👌👌👌👌👌👌Long-Term Capital Gains on Sale of Immovable Property in India
Clipped from: https://taxguru.in/income-tax/long-term-capital-gains-sale-immovable-property-india.html As per the Indian Income-tax Act, income arising from the sale of a capital asset is taxed under the head ‘Income from Capital
👌👌👌👌👌👌👌Income-Tax Implications: Joint Development Agreement & Property Transactions
Clipped from: https://taxguru.in/income-tax/income-tax-implications-joint-development-agreement-property-transactions.html “Explore Income-Tax Implications of Joint Development Agreements in Property Transactions. Unveil the complexities of Section 45(5A) of the Income-tax Act, 1961, covering mechanisms,
👌👌👌👌👌👌👌Income-Tax Implications: Joint Development Agreement & Property Transactions
Clipped from: https://taxguru.in/income-tax/income-tax-implications-joint-development-agreement-property-transactions.html “Explore Income-Tax Implications of Joint Development Agreements in Property Transactions. Unveil the complexities of Section 45(5A) of the Income-tax Act, 1961, covering mechanisms,
👌👌👌👌👌👌👌Composite Supply and Mixed Supply under GST Explained
Clipped from: https://taxguru.in/goods-and-service-tax/composite-supply-mixed-supply-gst-explained.html Many a times suppliers sold their product/services in a combination or as package. These package may be naturally bundled or not. These types
👌GST Amnesty Scheme 128A: No Interest, Penalty for FY 2017-18 to 2019-20
Clipped from: https://taxguru.in/goods-and-service-tax/gst-amnesty-scheme-128a-interest-penalty-fy-2017-18-2019-20.html GST Amnesty Scheme- 128A-No Interest & Penalty from FY 2017-18, 2018-19 & 2019-20 -Simplified Summary: The GST Amnesty Scheme under Section 128A offers relief
👌Section 148 Notice quashed as procedure adopted being per se illegal: ITAT Mumbai
Clipped from: https://taxguru.in/income-tax/section-148-notice-quashed-procedure-adopted-se-illegal-itat-mumbai.html Chemox Exports Imports Pvt. Ltd. Vs Income Tax Department Assessment Unit (ITAT Mumbai) ITAT Mumbai held that notice issued under section 148 of
👌👌👌👌👌👌👌Section 48 in The Income Tax Act, 1961
Clipped from: https://indiankanoon.org/doc/121068/ -The income chargeable under the head “Capital gains” shall be computed, by deducting from the full value of the consideration received or accruing
👌👌👌👌👌👌👌CBDT notifies Cost Inflation indexes with Base Year as 2001-02
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
👌👌👌👌👌👌👌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