Clipped from: https://www.thehindubusinessline.com/economy/finance-ministry-notifies-amendment-in-gst-law-for-levying-interest-on-net-cash-liabilty-wef-july-1-2017/article34707667.ece Taxpayers who have already paid interest on gross liability can seek refund The Finance Ministry notified amendment in Central Goods and Services Tax
Category: ART
Why supporting MSMEs during Covid -19 will help socially backward groups? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/why-supporting-msmes-during-covid-19-will-help-socially-backward-groups/article34701707.ece?homepage=true Govt data show that such groups own almost 66% of MSMEs With State governments imposing restrictions and lockdowns to control the second Covid-19
Fault lines in RBI’s surplus transfer to govt – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fault-lines-in-rbis-surplus-transfer-to-govt/article34701274.ece?homepage=true The higher transfer is an attempt to lower the fiscal deficit, reduce borrowing cost and cushion the weak cash management The RBI’s account
How RBI’s Resolution Framework 2.0 can help MSMEs tide over Covid mess; is Udyam registration required? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/how-rbis-resolution-framework-2-0-can-help-msmes-tide-over-covid-mess-is-udyam-registration-required/2263186/ For borrowers who had availed restructuring under Resolution Framework 1.0, RBI Governor Shaktikanta Das had allowed lenders to modify their plans to increase
Income Tax Return: From mobile app to new payment options – know benefits of new e-filing site – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-from-mobile-app-to-new-payment-options-know-benefits-of-new-e-filing-site/2263115/ The ITR filing process will resume from June 7, 2021, a day after launch of the new e-filing site – incometax.gov.in – on
India Inc must contribute to the ‘stimulus’: Given bumper profits & cost-cuts of Rs 4 lakh crore, it could cut a cheque for the have-nots – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/india-inc-must-contribute-to-the-stimulus-given-bumper-profits-cost-cuts-of-rs-4-lakh-crore-it-could-cut-a-cheque-for-the-have-nots/2262627/ The pandemic may have hurt thousands of small businesses and killed many MSMEs, but given their financial and management muscle, the larger corporations
High government cash balance likely to limit additional borrowing – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/high-government-cash-balance-likely-to-limit-additional-borrowing/articleshow/83119486.cmsSynopsis The fears of additional borrowing due to GST shortfall may not be as substantial as bond dealers anticipated initially. Any large additional borrowing
All you wanted to know about Stagflation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article34691993.ece?homepage=true In India we have hardly had any periods without inflation, while developed markets besides inflation, also experience deflation occasionally. But it’s been decades
Tweeting trouble – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/tweeting-trouble/article34691665.ece?homepage=true The likes of Twitter, WhatsApp should work with govt to develop regulations rather than question them The unseemly public spat between social media
How RBI managed to boost its surpluses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-rbi-managed-to-boost-its-surpluses/article34691702.ece?homepage=true Revenue from foreign and domestic investments apart, there was a spike in RBI’s holdings of GSecs for which it earns interest The transfer
GDP growth number: A pleasant surprise, but will it help in FY22? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gdp-growth-number-a-pleasant-surprise-but-will-it-help-in-fy22-121053101050_1.html With the second wave leading to a close down of services, in particular, progress will remain retarded Madan Sabnavis The GDP growth number
Can the rich help? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/can-the-rich-help-121053101220_1.html The recovery cannot be investments-led because most enterprises are nursing excess capacities Thanks to the second wave of Covid-19, India’s economic recovery process is stalled.
Cannot adjust LTCG gains against payments for flat made over 5 years – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-cannot-adjust-ltcg-gains-against-payments-for-flat-made-over-5-years/2262545/ The long-term capital gains from sale of a residential house property (held for more than 24 months) can be claimed as exemption under
Is it necessary to rewrite will if one of the legal heirs passes away? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/is-it-necessary-to-rewrite-will-if-one-of-the-legal-heirs-passes-away/articleshow/83058840.cmsSynopsis Raj Lakhotia, Founder, Dilsewill answers readers queries related to the transfer of assets. My father wrote a will over a year ago, and I and
Legal rights of wife if husband passes away without a Will – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/legal-rights-of-wife-if-husband-passes-away-without-a-will/articleshow/83058566.cms Synopsis–Women are typically unaware of their legal rights regarding property, let alone know how to access it. Find out about the legal rights
Compliance relaxations, late fee rationalisation to help small taxpayers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-compliance-relaxations-late-fee-rationalisation-to-help-small-taxpayers/articleshow/83113630.cmsSynopsis For monthly and quarterly returns to be filed in the future, the late fee has been capped at Rs 500 for returns with
What do the latest GDP numbers tell us? Sadly, nothing encouraging – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-what-do-the-latest-gdp-numbers-tell-us-sadly-nothing-encouraging/articleshow/83124097.cmsSynopsis Barring agriculture, which continued its stellar performance, growing at 3.6% in FY2021, and electricity that grew at 1.9%, every other sector contracted during
Govt trying to make inroads into the fundamental right of privacy, says BN Srikrishna – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/govt-trying-to-make-inroads-into-the-fundamental-right-of-privacy-says-bn-srikrishna/articleshow/83096473.cmsSynopsis Srikrishna described the face-off between the central government and global social media platforms over the new IT rules as well as other attempts
The rocket rupee | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-rocket-rupee-121053000932_1.html It does feel like we are close to the end of the rupee’s rally, says Jamal Mecklai Technically, it is beginning to appear
Decision deferred in deference to public – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/decision-deferred-in-deference-to-public/articleshow/83094003.cmsSynopsis The marginal benefit to individual Covid patients from scrapping tax is likely to be smaller than the loss to the collective from the
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