Clipped from: https://taxguru.in/income-tax/amendment-section-43b-finance-act-2023-implication-business.html CA Mahesh Agarwal Through the Finance Act 2023 a new clause (h) has been added to Sec. 43B of the Income Tax Act and is
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.
👍👍👍👍👍Courts shall not go strictly by the Rulebook to deny justice
Clipped from: https://www.taxscan.in/courts-shall-not-go-strictly-by-the-rulebook-to-deny-justice-to-deserving-litigant-as-it-would-lead-to-miscarriage-of-justice-itat/270859/ Courts shall not go strictly by the Rulebook to deny Justice to Deserving Litigant as it would lead to Miscarriage of Justice: ITAT
👍Interest paid on delayed payment of TDS not penal in nature: ITAT Allows Deduction u/s 37
Clipped from: https://www.taxscan.in/interest-paid-on-delayed-payment-of-tds-not-penal-in-nature-itat-allows-deduction-u-s-37/270819/ The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed the deduction under Section 37 of the Income Tax Act 1961 holding that the interest paid
Distributor Not Required to Deduct TDS on Payment of Turnover Discount to Dealers u/s 194H of Income Tax Act: ITAT
Clipped from: https://www.taxscan.in/distributor-not-required-to-deduct-tds-on-payment-of-turnover-discount-to-dealers-u-s-194h-of-income-tax-act-itat-read-order/271284/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Distributor%20Not%20Required%20to%20Deduct%20TDS%20on%20Payment%20of%20Turnover%20Discount%20to%20Dealers%20u/s%20194H%20of%20Income%20Tax%20Act:%20ITAT The Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that the discount paid to dealers by the distributor in the nature of turnover discount is not
No Addition can be made Against Individual for Cash Deposit of Tuition Fee received from Students during Demonetization Period: ITAT
Clipped from: https://www.taxscan.in/no-addition-can-be-made-against-individual-for-cash-deposit-of-tuition-fee-received-from-students-during-demonetization-period-itat-read-order/271364/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Addition%20can%20be%20made%20Against%20Individual%20for%20Cash%20Deposit%20of%20Tuition%20Fee%20received%20from%20Students%20during%20Demonetization%20Period:%20ITAT The Income Tax Appellate Tribunal (ITAT), Mumbai bench, has deleted an addition under section 69A of the Income Tax Act, 1961 in respect of cash deposit during demonetization
👍👍👍👍👍Indian MSMEs need a unified credit market to bridge the Rs 25 lakh crore credit gap – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/indian-msmes-need-a-unified-credit-market-to-bridge-the-rs-25-lakh-crore-credit-gap-377442-2023-04-14 The current Indian debt market suffers from three major problems which impact enterprises significantly: high cost of capital, high cost of servicing, and
👍👍👍👍👍There’s been a creeping erosion of central bank authority globally – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/theres-been-a-creeping-erosion-of-central-bank-authority-globally/article66770561.ece They were supposed to be the controlling authorities but, instead, are very much the controlled authorities now What’s the biggest but seemingly unsolvable
👍👍👍👍👍Over 30,000 merchants have joined ONDC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/over-30000-merchants-have-joined-ondc/article66769513.ece?cx_testId=22&cx_testVariant=cx_1&cx_artPos=1&cx_experienceId=EX8OXMB4HBZD#cxrecs_s 46 ‘network participants’ have joined ONDC The Government of India’s idea of creating a network of market participants, the Open Network for Digital Commerce (ONDC),
👍👍👍👍👍Save the planet by slashing food waste – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/save-the-planet-by-slashing-food-waste/article66764704.ece Saving food. Food losses and wastes contribute 8-10 per cent of the world’s greenhouse gas emissions, besides adding to food insecurity Every year
The runway for mortgage finance in the country is immense: Deepak Parekh
Clipped from: https://www.business-standard.com/companies/news/the-runway-for-mortgage-finance-in-the-country-is-immense-deepak-parekh-123042200394_1.html “Urbanisation in India is an irreversible trend. Currently 32 per cent of the population reside in cities and this is expected to be
Reliance Industries withdraws proposal to merge subsidiary RNEL with itself
lipped from: https://www.business-standard.com/companies/news/reliance-industries-withdraws-proposal-to-merge-subsidiary-rnel-with-itself-123042200749_1.html RNEL will undertake the conglomerate’s new energy/renewable energy business Photo: Shutterstock Listen to This Article Reliance Industries (RIL) on Saturday said the company’s
👍India is emerging as a hub for complex, high-end surgeries, treatment
Clipped from: https://www.business-standard.com/industry/news/india-emerges-as-a-hub-for-complex-high-end-surgeries-123042300310_1.html India is not only performing complex surgeries but is also setting new standards of care prompting more and more people to travel to
👍Google halts 80-acre San Jose campus due to economic slowdown: Report
Clipped from: https://www.business-standard.com/world-news/google-s-halts-80-acre-san-jose-campus-due-to-economic-slowdown-report-123042300362_1.html Google has no plans to revive the project in the near future Photo: Bloomberg Listen to This Article Google has stopped the construction
GST evasion: Taxmen using data analytics to identify ‘missing link’ in supply chain – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-evasion-taxmen-using-data-analytics-to-identify-missing-link-in-supply-chain/articleshow/99703434.cms Synopsis The modus operandi adopted by fraudsters included short payment of tax by undervaluing taxable goods and services, wrong availment of exemption notifications,
👍👍👍No section 271B penalty for not getting Account Audited due to health issues
Clipped from: https://taxguru.in/income-tax/section-271b-penalty-account-audited-due-health-issues.html Suryavathi Gandiboina Vs ACIT (ITAT Hyderabad) A perusal of the various details filed by the assessee shows that the assessee was not keeping
👍Section 143(3) order invalid if Passed without Issuing Section 143(2) notice
Clipped from: https://taxguru.in/income-tax/section-1433-order-invalid-passed-issuing-section-1432-notice.html Manjit Kaur Vs ITO (ITAT Chandigarh) ITAT held that the assessment order is bad in law for the reason that the assessing authority
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