Clipped from: https://www.thehindubusinessline.com/companies/bank-accounts-cant-be-attached-at-the-cost-of-right-to-business-madras-hc/article34761074.ece DGGI files case against Chennai-based firm following allegation that it had fraudulently availed input tax credit The Madras High Court has held that
Category: ART
Govt seeks comments on proposed revision in WPI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/govt-seeks-comments-on-proposed-revision-in-wpi/article34761805.ece New product coverage, separate solar index under electricity, auction prices for coal, electricity suggested The government has sought public comments by June 20
Global minimum corporate tax rate: The ‘googly’ ICC has dodged for years and how it may help nations – The Financial Express
Clipped from: https://www.financialexpress.com/economy/global-minimum-corporate-tax-rate-the-googly-icc-has-dodged-for-years-and-how-it-may-help-nations/2267436/ By a conservative estimate, tax havens deprive countries of taxes amounting to 30 Lakh Crores every single year. Rishi Sunak, the Indian origin
Salaried employee working from home? Check Income Tax rules for e-filing ITR on new portal – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/salaried-employee-working-from-home-check-income-tax-rules-for-e-filing-itr-on-new-portal/2267172/ Income Tax Return (ITR) filing for salaried employees during work from home 2021: The Income Tax filing season has started. New e-filing portal
Before claiming Section 80C Income Tax deductions, be aware of these conditions – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/before-claiming-section-80c-income-tax-deduction-be-aware-of-these-conditions/2267264/ All of us avail tax benefits under Section 80C of the Income Tax Act, but only a few are aware that these benefits
Higher interest rates soon: When to reallocate funds in investment portfolio, where to invest? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/higher-interest-rates-soon-when-to-reallocate-funds-in-investment-portfolio-where-to-invest/articleshow/83257422.cms SynopsisIt is important to sometimes reallocate funds within your portfolio. It is even more important to do so at the right time. How
Fed tapering and emerging markets | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/fed-tapering-and-emerging-markets-121060701505_1.html The year 2021 will be one of the strongest years for global growth in history One of the big risks for emerging market
Print money and finance fiscal deficit? Why RBI doesn’t agree with idea | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/print-money-and-finance-fiscal-deficit-why-rbi-doesn-t-agree-with-idea-121060700362_1.html The central bank has managed the government’s borrowing programme well, helping in liquidity. Globally, central banks are funding the stimulus through their “unparalleled
All you wanted to know about insider trading – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article34755136.ece Last week, the securities market regulator found two Infosys employees guilty of insider trading. In July 2020, the two apparently passed on price-sensitive
Your Queries – Income Tax: Grandfathering provision doesn’t affect set-off of long term capital loss from equity – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-grandfathering-provision-doesnt-affect-set-off-of-long-term-capital-loss-from-equity/2266933/ One needs to file ITR only when gross total income in a financial year exceeds the basic exemption limit. Income from share trading
RBI adopts the Fed’s policy mantra – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rates-more-rbi-adopts-the-feds-policy-mantra/2266953/ Policy status quo for now, but normalisation to begin 4Q 2021. RBI’s assessment of the second wave impact on Q2 GDP growth too
Amid inflation worries, RBI prioritises growth – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/amid-inflation-worries-rbi-prioritises-growth/2267008/ RBI doesn’t have much comfort room, but it is using the tools it has; the govt must now pull its weight on supporting
Revenge spending: Auditors are facing a new challenge – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/revenge-spending-auditors-are-facing-a-new-challenge/articleshow/83328817.cms SynopsisGoing concern is a concept in auditing where auditors have to raise red flags for heavily debt ridden or other companies on whether
Know what investment utilisation ratios say about a firm – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-know-what-investment-utilisation-ratios-say-about-a-firm/2266923/ Fixed Assets Turnover is computed by dividing the revenue of a firm by its tangible fixed assets. For all the five ratios, higher
Why GDP data is irrelevant to markets | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/why-gdp-data-is-irrelevant-to-markets-121060700003_1.html Technology has changed how we collect data and which data set is more reliable This is my third piece in a series that
Hike corporation taxes now: GVA underscores disparity between India Inc & MSMEs – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/hike-corporation-taxes-now-gva-underscores-disparity-between-india-inc-msmes/2266265/ A retrospective higher tax for FY21 not out of place On the contrary, fat-cat corporations and banks that were, in any case, raking
Crypto assets: Hold crypto assets? Here’s how you are going to pay income-tax on it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/hold-crypto-assets-heres-how-you-are-going-to-pay-income-tax-on-it/articleshow/83277122.cmsSynopsis India’s tax authorities have not yet categorized returns from cryptocurrencies under any specific bracket and there have been no judicial precedents in this
All about global minimum tax, and what it means for India and the world – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/international/all-about-global-minimum-tax-and-what-it-means-for-india-and-the-world/articleshow/83277456.cmsSynopsis Why a global minimum tax? Major economies are aiming to discourage multinationals from shifting profits — and tax revenues — to low-tax countries
Labour codes on the cards: Cos’ PF liability to go up, workers to see reduction in take-home pay – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/labour-codes-on-the-cards-cos-pf-liability-to-go-up-workers-to-see-reduction-in-take-home-pay/articleshow/83277233.cmsSynopsis The ministry had finalised the rules under the four Labour codes. But these could not be implemented because many states were not in
Are Bitcoins & NFTs opportunities or Ponzi schemes? – SWAMINOMICS: The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/swaminomics-are-bitcoins-nfts-opportunities-or-ponzi-schemes/articleshow/83275976.cmsSynopsis You could call this a huge democratisation of wealth, enabling youngsters with no inherited wealth or networks to beat old wealth by creating,
