Read More: https://www.taxscan.in/revisionary-powers-u-s-263-of-income-tax-act-not-prevails-if-ao-conducts-inquiry-and-verification-during-assessment-itat-quashes-revision-order-read-order/299162/ Clipped from: https://www.taxscan.in/revisionary-powers-u-s-263-of-income-tax-act-not-prevails-if-ao-conducts-inquiry-and-verification-during-assessment-itat-quashes-revision-order-read-order/299162/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Revisionary%20Powers%20u/s%20263%20of%20Income%20Tax%20Act%20not%20prevails%20if%20AO%20Conducts%20Inquiry%20and%20Verification%20during%20Assessment:%20ITAT%20quashes%20Revision%20Order The Pune Bench of Income Tax Appellate Tribunal has quashed the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the
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.
Rent Paid to Wife Eligible for HRA Deduction u/s 10(13A) of Income Tax Act: ITAT
Read More: https://www.taxscan.in/rent-paid-to-wife-eligible-for-hra-deduction-u-s-1013a-of-income-tax-act-itat/300201/ Clipped from: https://www.taxscan.in/rent-paid-to-wife-eligible-for-hra-deduction-u-s-1013a-of-income-tax-act-itat/300201/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Rent%20Paid%20to%20Wife%20Eligible%20for%20HRA%20Deduction%20u/s%2010(13A)%20of%20Income%20Tax%20Act:%20ITAT In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the rental amount paid to wife is eligible for HRA
Depreciation Allowable only on Fixed Assets not used for Commercial Purpose: ITAT
Clipped from: https://www.taxscan.in/depreciation-allowable-only-on-fixed-assets-not-used-for-commercial-purpose-itat/299193/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Depreciation%20Allowable%20only%20on%20Fixed%20Assets%20not%20used%20for%20Commercial%20Purpose:%20ITAT The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that depreciation is allowable only on fixed assets not used for commercial purpose. The
Modi’s push to take Indian rupee global gets off to a slow start
Modi’s push to take Indian rupee global gets off to a slow start https://economictimes.indiatimes.com/news/india/modis-push-to-take-indian-rupee-global-gets-off-to-a-slow-start/articleshow/101557344.cms Download Economic Times App to stay updated with Business News –
🙏Google Play Games for PC beta launches in India, 60 other countries
https://www.business-standard.com/companies/news/google-play-games-for-pc-beta-launches-in-india-60-other-countries-123071400503_1.html Clipped from: https://www.business-standard.com/companies/news/google-play-games-for-pc-beta-launches-in-india-60-other-countries-123071400503_1.html App now available in over 120 regions; users in India can access it in English and Hindi; game libraries are synced across
🙏Exports see sharpest decline in 3 years; trade deficit narrows to $20.1 bn
https://www.business-standard.com/economy/news/exports-at-eight-month-low-in-june-at-22-imports-down-17-govt-data-123071400748_1.html Clipped from: https://www.business-standard.com/economy/news/exports-at-eight-month-low-in-june-at-22-imports-down-17-govt-data-123071400748_1.html Merchandise exports witnessed contraction in 21 of the 30 key sectors in June Listen to This Article India’s merchandise exports in June
Data Protection Bill: Sweeping power to govt may dilute user protection, say experts – The Hindu BusinessLine
https://www.thehindubusinessline.com/info-tech/data-protection-bill-sweeping-power-to-govt-may-dilute-user-protection-say-experts/article67076205.ece lipped from: https://www.thehindubusinessline.com/info-tech/data-protection-bill-sweeping-power-to-govt-may-dilute-user-protection-say-experts/article67076205.ece The revised version of the data protection bill, which is doing the rounds amongst industry stakeholders, is continuing to provide exemptions to
Factory inflation slide further in June, reached 8 years low of (-)4.12% – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/factory-inflation-slide-further-in-june-reached-8-years-low-of-412/article67079427.ece Clipped from: https://www.thehindubusinessline.com/economy/factory-inflation-slide-further-in-june-reached-8-years-low-of-412/article67079427.ece Fall in prices of food products pushes factory inflation to eight-year low Factory inflation based on Wholesale Price Index (WPI) slipped further
🙏Exports fall 22 per cent to $33 billion in June – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/exports-fall-22-per-cent-in-june-to-3297-bn/article67079513.ece?cx_testId=28&cx_testVariant=cx_1&cx_artPos=0&cx_experienceId=EX5KXF1FQK61#cxrecs_s Imports fall 17.5 per cent to $53 billion; trade deficit declines to $20 billion Exports of goods from India declined for the fifth consecutive
Simply Put: Share Capital Reduction – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-share-capital-reduction/article67079647.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-share-capital-reduction/article67079647.ece Similar to buybacks but higher taxation and lower elbow room for price discovery Two colleagues discuss the recent news on share capital
Three pitfalls insurance buyers should avoid – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/three-pitfalls-insurance-buyers-should-avoid/article67076094.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/three-pitfalls-insurance-buyers-should-avoid/article67076094.ece A recent Policybazaar.com survey carries lessons for policyholders, current and potential Policybazaar.com recently released an insurance consumer insights report based on a survey of
Big shortfalls in pulses acreage need watching – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/big-shortfalls-in-pulses-acreage-need-watching/article67081022.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/big-shortfalls-in-pulses-acreage-need-watching/article67081022.ece Chana and moong acreage has seen improvements, but tur and urad acreage has been lagging While tomatoes have been hogging the headlines,
🙏Start-up to SHE enterprise
https://www.business-standard.com/opinion/columns/start-up-to-she-enterprise-123071401111_1.html Clipped from: https://www.business-standard.com/opinion/columns/start-up-to-she-enterprise-123071401111_1.html Over more than 100 years, we have experienced the social-economy benefits brought by the early 20th-century founders of sustained, humane, and enlightened
🙏Can online gaming companies survive the 28% GST? – The Hindu BusinessLine
https://www.thehindubusinessline.com/blexplainer/bl-explainer-can-online-gaming-companies-survive-the-28-gst/article67079053.ece Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-can-online-gaming-companies-survive-the-28-gst/article67079053.ece The Internet and Mobile Association of India is opposed to the levy but the govt says it is necessary to curb gambling addiction
Online gaming players write to Finance Minister, PM, to reconsider 28 per cent GST – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/online-gaming-players-write-to-finance-minister-pm-to-reconsider-28-per-cent-gst/article67079579.ece lipped from: https://www.thehindubusinessline.com/news/online-gaming-players-write-to-finance-minister-pm-to-reconsider-28-per-cent-gst/article67079579.ece The decision to impose 28 per cent GST ‘will have significant adverse effects on our community,’ they said A group of players
Government sets up Advisory Council for ONDC project – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/national/government-sets-up-advisory-council-for-ondc-project/article35153498.ece Clipped from: https://www.thehindubusinessline.com/news/national/government-sets-up-advisory-council-for-ondc-project/article35153498.ece Panel comprising Nilekani, Zainulbhai, Anjali Bansal, R S Sharma to give suggestions on fast adoption of the initiative The Centre has set
Google to launch accelerator program for ONDC – The Hindu BusinessLine
https://www.thehindubusinessline.com/info-tech/google-to-launch-accelerator-program-for-ondc/article67019033.ece Clipped from: https://www.thehindubusinessline.com/info-tech/google-to-launch-accelerator-program-for-ondc/article67019033.ece Google Cloud is also introducing a start-up credits program where organisations that enable ONDC are eligible to apply for a $25,000 grant.
RBI to give banks guidance to resolve rupee trade issues, says official
https://www.business-standard.com/finance/news/rbi-to-give-banks-guidance-to-resolve-rupee-trade-issues-says-official-123071400532_1.html Clipped from: https://www.business-standard.com/finance/news/rbi-to-give-banks-guidance-to-resolve-rupee-trade-issues-says-official-123071400532_1.html The issue with rupee trade is that it can only work as a barter currency, the official said Photo: Bloomberg Listen to
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