Clipped from: https://www.taxscan.in/s-50c-not-applicable-to-buyer-of-property-itat-directs-re-do-addition-u-s-562vii-read-order/247560/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=S.%2050C%20Not%20Applica Pune Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to re-do the addition under section 56(2)(vii) of Income Tax Act, 1961 as Section
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.
🙏Investors should avoid NCDs rated below AA despite mouthwatering returns | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/avoid-below-aa-rated-non-convertible-debentures-despite-appealing-returns-123012001127_1.html Diversify across sectors and match your investment horizon with paper’s tenor to avoid liquidity issues Non-convertible debentures (NCDs) from a number of companies —
🙏🙏Insurance sector needs Rs 50,000 cr capital each year to double penetration | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/insurance-sector-needs-rs-50-000-cr-capital-each-year-to-double-penetration-123012001469_1.html Irdai Chairman Debabsish Panda said the Rs 50,000 crore figure was arrived at by making assumptions on the country’s GDP, inflation, and how
🙏Raise credit penetration in 112 aspirational dists, FinMin tells banks | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/raise-credit-penetration-in-112-aspirational-dists-finmin-tells-banks-123012001091_1.html The Finance Ministry asked banks to further increase credit penetration in aspirational districts and ensure availability of at least one banking outlet within
🙏🙏’Sinking hole of regulations’: Mitra calls for simplification of GST system | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/sinking-hole-of-regulations-mitra-calls-for-simplification-of-gst-system-123012001338_1.html Mitra underscored his point with the number of times notifications and amendments in laws had been made Describing the GST system and its complexities as
Reliance Industries’ Q3 revenue rises 15% on all-round performance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/reliance-industries-q3-revenue-rises-15-on-all-round-performance/article66414722.ece Net dips on higher expenses, unfavourable base Mukesh Ambani, Chairman and MD, Reliance Industries | Photo Credit: FRANCIS MASCARENHAS Reliance Industries Ltd on
🙏‘Union Budget can help catapult India into double-digit growth’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/union-budget-can-help-catapult-india-into-double-digit-growth/article66414565.ece Experts expect FY24 fiscal deficit to be pegged between 5.8% and 5.9% of GDP (From left) Lokeshwarri SK, Data Editor, businessline; Madan Sabnavis, Chief Economist,
Knowing the difference between needs and wants – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/knowing-the-difference-between-needs-and-wants/article66413915.ece By exhorting support for local production and consumption, Gandhiji had presaged the excesses of consumerism Gandhiji’s views on Swadeshi was working towards improving
🙏🙏Expected credit loss framework will help banks spot loan stress early – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/expected-credit-loss-framework-will-help-banks-spot-loan-stress-early/article66414455.ece But banks may need to spruce up their risk evaluation teams ECL framework will help spot loan stress early The RBI has proposed
india Budget expectations: The Impossible Trinity: FM must bat like Suryakumar Yadav, bowl like Umran Malik & field like Ravindra Jadeja this Budget – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/the-impossible-trinity-fm-must-bat-like-suryakumar-yadav-bowl-like-umran-malik-field-like-ravindra-jadeja-this-budget/articleshow/97080085.cms Synopsis The budget should focus on encouraging private investment through tax incentive to accelerate growth. This can include things like tax credits, deductions,
Budget 2023: From ‘jailed for doing business’ to ‘total harassment’ by banks, entrepreneurs seek an end to hostilities – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/budget-2023-from-jailed-for-doing-business-to-total-harassment-by-banks-entrepreneurs-seek-an-end-to-hostilities/articleshow/97160055.cms Synopsis India may have taken considerable strides in ease of doing business, but it needs to do much more. The Budget can be
RIL Q3 Earnings: RIL Q3 Results: 5 key takeaways for disappointed Dalal Street investors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/ril-q3-results-5-key-takeaways-for-disappointed-dalal-street-investors/articleshow/97180332.cms Synopsis The overall weakness in the market and caution ahead of earnings pulled down the stock in trade on Friday. The stock ended
*Reliance Industries’ PAT dips 15% YoY, revenue up 15% on all-round performance
Reliance Industries’ PAT dips 15% YoY, revenue up 15% on all-round performance: https://www.thehindubusinessline.com/companies/reliance-industries-pat-dips-15-yoy-revenue-up-15-on-all-round-performance/article66414160.ece
*RIL shares can rally up to 26%, green hydrogen biz valued at $8 bn: Jefferies
RIL shares can rally up to 26%, green hydrogen biz valued at $8 bn: Jefferies https://economictimes.indiatimes.com/markets/stocks/news/ril-shares-can-rally-up-to-26-green-hydrogen-biz-valued-at-8-bn-jefferies/articleshow/97048747.cms Download Economic Times App to stay updated with Business
RIL announces Rs 20,000 cr fundraising via NCDs
RIL announces Rs 20,000 cr fundraising via NCDs https://economictimes.indiatimes.com/markets/stocks/earnings/ril-announces-rs-20000-crore-fundraising-via-ncds/articleshow/97178839.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
RIL Q3 results: Net profit declines 15% to Rs 15,792 cr – BusinessToday
Clipped from: https://www.businesstoday.in/latest/corporate/story/ril-q3-results-net-profit-declines-15-to-rs-15792-cr-366930-2023-01-20 Middle Distillate cracks to remain firm on lower inventories, seasonal demand, and impending loss of Russian oil products, says the conglomerate on outlook
🙏To counter digital savvy evaders, GST to set up 5 forensic laboratories – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/to-counter-digital-savvy-evaders-gst-to-set-up-5-forensic-laboratories/article66412599.ece The inhouse mechanism aims to facilitate tax evasion investigation, bolstering digital forensics capabilities CBIC Chairman Vivek Johri | Photo Credit: PTI Central Board
Govt must lower fiscal deficit, act on non-tax revenue: EY India’s Memani | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-must-lower-fiscal-deficit-act-on-non-tax-revenue-ey-india-s-memani-123012001104_1.html In an interview with Ruchika Chitravanshi, Rajiv Memani, chairman and managing director of EY India, said that there is a strong enabling environment
👍Capital gains: Investment cut-off date extended, but there’s a catch | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/deadline-for-sec-54-54gb-investments-extended-but-there-s-a-catch-123011701120_1.html Taxpayers may not be able to avail of it unless last date for filing revised ITR is extended Individuals who have earned long-term
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