I-T department sends notices using AI to tax evaders for fake donations

https://www.business-standard.com/india-news/i-t-department-sends-notices-using-ai-to-tax-evaders-for-fake-donations-123061900801_1.html Clipped from: https://www.business-standard.com/india-news/i-t-department-sends-notices-using-ai-to-tax-evaders-for-fake-donations-123061900801_1.html The income tax notices were issued to evaders under Section 138 and 148(A); individuals have to submit proof of donation within 30

Financial inclusion: Don’t leave elderly behind – The Hindu BusinessLine

https://www.thehindubusinessline.com/opinion/financial-inclusion-dont-leave-elderly-behind/article66983348.ece Clipped from: https://www.thehindubusinessline.com/opinion/financial-inclusion-dont-leave-elderly-behind/article66983348.ece Authorities need to reorient development plans to look at age-friendly and safe services The pandemic unleashed the digital genie, and many rewired

The SC could be more selective in hearing cases – The Hindu BusinessLine

https://www.thehindubusinessline.com/opinion/editorial/the-sc-could-be-more-selective-in-hearing-cases/article66983549.ece lipped from: https://www.thehindubusinessline.com/opinion/editorial/the-sc-could-be-more-selective-in-hearing-cases/article66983549.ece Courts must deal only with justice and leave equity to government  Recently the Supreme Court of India, yes, the Supreme Court no

The provision on settlement with defaulting borrowers is not new, but it creates moral hazard | The Financial Express

https://www.financialexpress.com/opinion/the-provision-on-settlement-with-defaulting-borrowers-is-not-new-but-it-creates-moral-hazard/3129538/ Clipped from: https://www.financialexpress.com/opinion/the-provision-on-settlement-with-defaulting-borrowers-is-not-new-but-it-creates-moral-hazard/3129538/ The Reserve Bank of India’s (RBI) Framework for Compromise Settlements and Technical Write-offs has upset some trade unions who believe the rules

👍👍👍👍👍👍👍TDS news: Tax on cash deposit and withdrawal: What you need to know | The Financial Express

https://www.financialexpress.com/money/income-tax/tax-tds-on-cash-deposit-and-withdrawal-what-you-need-to-know/3130927/ Clipped from: https://www.financialexpress.com/money/income-tax/tax-tds-on-cash-deposit-and-withdrawal-what-you-need-to-know/3130927/ Income Tax rules for cash deposit and withdrawal:: According to Income Tax Act, some of the transactions are treated as specified financial

Three years of revised MSME definition: This many jobs reported by small businesses in India | The Financial Express

https://www.financialexpress.com/industry/sme/msme-skil-three-years-of-revised-msme-definition-this-many-jobs-reported-by-small-businesses-in-india/3131121/?ref=Must_Read Clipped from: https://www.financialexpress.com/industry/sme/msme-skil-three-years-of-revised-msme-definition-this-many-jobs-reported-by-small-businesses-in-india/3131121/?ref=Must_Read Skill, labour, talent for MSMEs: From the previous definition based solely on investment up to Rs 10 crore in plant and machinery,

👍👍👍👍👍RBI’s hygiene step to bring much-needed clarity to FLDG arrangements

https://www.business-standard.com/industry/banking/rbi-s-hygiene-step-to-bring-much-needed-clarity-to-fldg-arrangements-123061800690_1.html Clipped from: https://www.business-standard.com/industry/banking/rbi-s-hygiene-step-to-bring-much-needed-clarity-to-fldg-arrangements-123061800690_1.html Mint Road has pulled the plug on clever financial arrangements between regulated entities and fintechs, with stress on skin in the game

New TCS norms on credit card spends: More than a matter of exchange

https://www.business-standard.com/finance/news/new-tcs-norms-on-credit-card-spends-more-than-a-matter-of-exchange-123061800708_1.html lipped from: https://www.business-standard.com/finance/news/new-tcs-norms-on-credit-card-spends-more-than-a-matter-of-exchange-123061800708_1.html Money changers are miffed at the tax exemption for credit card forex spends of up to Rs 7 lakh a year under

Tailored framework for real estate insolvency resolution  – The Hindu BusinessLine

https://www.thehindubusinessline.com/business-laws/tailored-framework-for-real-estate-insolvency-resolution/article66975997.ece Clipped from: https://www.thehindubusinessline.com/business-laws/tailored-framework-for-real-estate-insolvency-resolution/article66975997.ece A specialised resolution framework to address the complexities of the sector can ease up the process Due to rising costs and pandemic-induced

CIRP can be initiated against corporate guarantors  – The Hindu BusinessLine

https://www.thehindubusinessline.com/business-laws/cirp-can-be-initiated-against-corporate-guarantors/article66980117.ece Clipped from: https://www.thehindubusinessline.com/business-laws/cirp-can-be-initiated-against-corporate-guarantors/article66980117.ece Insolvency proceedings can be initiated against corporate guarantors, NCLT, Chennai, said in the Coastal Energen insolvency case. Logistics Private was the guarantor

CBIC issues guidelines for strenghtening GST registration applications – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/cbic-issues-guidelines-for-strenghtening-gst-registration-applications/article66969083.ece Clipped from: https://www.thehindubusinessline.com/economy/cbic-issues-guidelines-for-strenghtening-gst-registration-applications/article66969083.ece The process for granting Goods and Services Tax (GST) registration will now be more stringent with a focus on ‘High Risk’ applicants.

👍👍👍👍👍Retrospective cancellation of supplier’s registration no ground to deny ITC benefit to recipient, says Kolkata HC – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/retrospective-cancellation-of-suppliers-registration-no-ground-to-deny-itc-benefit-to-recipient-says-kolkata-hc/article66968435.ece Clipped from: https://www.thehindubusinessline.com/economy/retrospective-cancellation-of-suppliers-registration-no-ground-to-deny-itc-benefit-to-recipient-says-kolkata-hc/article66968435.ece However, the buyer will have to probe the genuineness of the transaction In an important ruling, Kolkata High Court has held that

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