Clipped from: https://taxguru.in/goods-and-service-tax/analysis-input-tax-credit-itc.html INTRODUCTION These days we are hearing a lot in news that India’s position in world’s bank ranking on ease of doing business has
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.
Loss by writing off inventory disallowed in absence of necessary evidence
Clipped from: https://taxguru.in/income-tax/loss-writing-inventory-disallowed-absence-evidence.html Gem Spinners India Limited Vs ACIT (ITAT Chennai) ITAT Chennai held that disallowed the claim of loss on account of written off inventory
Turning tide: On India’s goods exports – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/turning-tide-the-hindu-editorial-on-indias-goods-export/article66314140.ece Sliding global demand is hurting manufacturing exports already and 2023 could be rougher India’s goods exports rebounded from a nearly 17% dip in
Recovery of GST during IBC Proceedings: CBIC Clarifies
Clipped from: https://www.taxscan.in/recovery-of-gst-during-ibc-proceedings-cbic-clarifies/239306/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Recovery%20of%20GST%20during%20IBC%20Proceedings:%20CBIC%20Clarifies By Rasheela Basheer – On December 27, 2022 9:31 pm The Central Board of Indirect Taxes and Customs ( CBIC ) has issued a clarification regarding the treatment
Retail loans can become a source of systemic risk, warns RBI – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/money-and-banking/retail-loans-can-become-a-source-of-systemic-risk-warns-rbi/article66312663.ece The central bank, however, was quick to add that it is well-equipped with its policy toolkit to handle any systemic risk that may
What is Zelensky’s 10-point peace plan? – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/world/what-is-zelenskys-10-point-peace-plan/article66312669.ece Here is an explainer on the plan and world reaction Ukraine’s President Volodymyr Zelensky has been vigorously promoting his 10-point peace plan, discussing
NPAs recovered by banks via various channels improved in FY22: RBI report – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/money-and-banking/npas-recovered-by-banks-via-various-channels-improved-in-fy22-rbi-report/article66312880.ece Sales of stressed assets to asset reconstruction companies have gradually decreased over the years PTI Photo Non-performing assets (NPAs) recovered by scheduled commercial
Now, claim refunds on cancelled flat booking, insurance policy – The Hindu BusinessLine*****
lipped from: https://www.thehindubusinessline.com/economy/now-claim-refunds-on-cancelled-flat-booking-insurance-policy/article66313313.ece The process requires the buyer to get temporary registration on the GST portal to claim the refund Experts say the government should consider
Circular economy – Is India ready to come full circle in sustainability? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/circular-economy-is-india-ready-to-come-full-circle-in-sustainability/article66314636.ece For sustainable growth and achieving net-zero emissions, ‘recycle-and-reuse’ is the way ahead Working towards sustainable growth and development | Photo Credit: Tetiana Saranchuk
Make the most of India-Aus FTA – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/make-the-most-of-india-aus-fta/article66314665.ece Here is a seven-step guide for importers and exporters to tap the opportunities thrown up by the trade pact Apparel exports are set
Share buybacks: How Peter is paying taxes on behalf of Paul – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/share-buybacks-how-peter-is-paying-taxes-on-behalf-of-paul/article66313316.ece In the press conference after the recent SEBI Board Meeting, Chairperson, Madhabi Puri Buch remarked that Peter is paying taxes on behalf of
Slowdown year | Business Standard Editorials*****
Clipped from: https://www.business-standard.com/article/opinion/slowdown-year-122122801274_1.html Global and domestic factors will affect output The year 2022 marked the end of easy money, at least for now. The coming year,
Indian rupee goes digital | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/indian-rupee-goes-digital-122122801260_1.html Digital currency and fail-safe wireless connectivity should have preceded demonetisation On December 1, the Reserve Bank of India (RBI) introduced a digital rupee (DR), which
Speed and capacity | Business Standard Editorials*****
Clipped from: https://www.business-standard.com/article/opinion/speed-and-capacity-122122801277_1.html Restoring trust in IBC must be a priority The Insolvency and Bankruptcy Code (IBC) is one of the biggest achievements of this government in the
Data of 30 million railway users compromised, personal details on dark web | Business Standard News
lipped from: https://www.business-standard.com/article/current-affairs/data-of-30-million-railway-users-compromised-personal-details-on-dark-web-122122801012_1.html Breach not from IRCTC, says Railways; private partners on Centre’s radar In what could be the biggest data breach of a government entity’s digital assets
Experts see 2023 as a year of smooth sailing for real estate sector | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/experts-see-2023-as-a-year-of-smooth-sailing-for-real-estate-sector-122122800778_1.html Demand likely to remain buoyant despite prospects of another rate hike; industry looking for tax breaks, lower transaction costs After a two year
Housing sales up 50%, new supply doubles in top-8 cities in 2022: PropTiger | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/housing-sales-up-50-new-supply-by-101-in-top-8-cities-in-2022-report-122122800824_1.html Mumbai and Pune lead property demand, taking a combined 56% share in overall sales; demand grew sequentially and yearly in all four quarters
Bank frauds from card, net-based transactions rise, shows RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/modus-operandi-of-bank-frauds-shifted-to-card-online-transactions-rbi-122122800827_1.html In terms of the number of frauds, the modus operandi seems to have shifted to card or internet-based transactions The average amount of
Change in GST Registration Rules notified by CBIC: Mobile Number and Email to be verified by OTPs
Clipped from: https://www.taxscan.in/change-in-gst-registration-rules-notified-by-cbic-mobile-number-and-email-to-be-verified-by-otps/239181/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Change%20in%20GST%20Registration%20Rules By Manu Sharma A S – On December 27, 2022 5:42 pm The Central Board of Indirect Taxes and Customs (CBIC) has notified the amendments to the Central Goods and Services
Depreciation can be allowed on Factual aspects under CBDT Instruction, even If the Value is not Recorded in Books of Account: ITAT
Clipped from: https://www.taxscan.in/depreciation-can-be-allowed-on-factual-aspects-under-cbdt-instruction-even-if-the-value-is-not-recorded-in-books-of-account-itat/239080/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Depreciation%20can%20be%20allowed%20on%20Factual%20aspects%20under%20CBDT%20Instruction,%20even%20If%20the%20Value%20is%20not%20Recorded%20in%20Books%20of%20Account:%20ITAT By Yogitha S. Yogesh – On December 27, 2022 7:02 pm The Amritsar bench of the Income Tax Appellate Tribunal ( ITAT ) has held that depreciation can be allowed
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