https://www.thehindubusinessline.com/economy/policy/income-tax-dept-sets-high-risk-value-assessment-guidelines-for-updated-itrs-ay-2021-22-filing-deadline-march-31/article67990157.ece Clipped from: https://www.thehindubusinessline.com/economy/policy/income-tax-dept-sets-high-risk-value-assessment-guidelines-for-updated-itrs-ay-2021-22-filing-deadline-march-31/article67990157.ece Updated and non-updated ITRs are classified as ‘High Risk’ under the E-Verification Scheme 2021, based on significant financial transactions and higher tax
Category: Five Star
👍👍👍👍👍Financial conditions may be less supportive of growth in fiscal 2025: Crisil – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/financial-conditions-may-be-less-supportive-of-growth-in-fiscal-2025-crisil/article67994004.ece Clipped from: https://www.thehindubusinessline.com/economy/financial-conditions-may-be-less-supportive-of-growth-in-fiscal-2025-crisil/article67994004.ece Domestic bond yields declined in February despite rising crude oil prices and hardening US yields Even as financial conditions had been conducive
👍👍👍👍👍Exporters work on product identification problems under UK’s replacement scheme for GSP – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/exporters-work-on-product-identification-problems-under-uks-replacement-scheme-for-gsp/article67994467.ece Clipped from: https://www.thehindubusinessline.com/economy/exporters-work-on-product-identification-problems-under-uks-replacement-scheme-for-gsp/article67994467.ece There is confusion over product description under the new DCTS scheme as it is at a different HS classification level Efforts are
👍👍👍👍👍How OCEN can bring a sea change in India’s MSME lending ecosystem – SME News | The Financial Express
How OCEN can bring a sea change in India’s MSME lending ecosystem – SME News | The Financial Express https://www.financialexpress.com/business/sme/explained-how-ocen-can-bring-a-sea-change-in-indias-msme-lending-ecosystem/3435461 Clipped from: https://www.financialexpress.com/business/sme/explained-how-ocen-can-bring-a-sea-change-in-indias-msme-lending-ecosystem/3435461/ OCEN brings together
👍👍👍👍👍The RBI way of firefighting | Expert Views – Business Standard
https://www.business-standard.com/opinion/columns/the-rbi-way-of-firefighting-124032400409_1.html Clipped from: https://www.business-standard.com/opinion/columns/the-rbi-way-of-firefighting-124032400409_1.html Often, it’s a long investigation process, but the regulator doesn’t discuss this openly since that can threaten financial sector stability. There are
👍👍👍👍👍A short report card | Expert Views – Business Standard
https://www.business-standard.com/opinion/columns/a-short-report-card-124032400640_1.html Clipped from: https://www.business-standard.com/opinion/columns/a-short-report-card-124032400640_1.html Three successes and two failures of policy in the last five years Illustration: Ajay Mohanty As the National Democratic Alliance’s (NDA’s) second
👍👍👍👍👍Banks to insurers: Using the ombudsman system to get complaints resolved | Personal Finance – Business Standard
https://www.business-standard.com/finance/personal-finance/banks-to-brokers-using-the-ombudsman-system-to-get-complaints-resolved-124032101117_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/banks-to-brokers-using-the-ombudsman-system-to-get-complaints-resolved-124032101117_1.html A guide to how banks, insurers, brokers and tax officials are supposed to listen to you Photo: Bloomberg Consumer complaints to the
👍👍👍👍👍Strengthening whistleblowers’ hands – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/strengthening-whistleblowers-hands/article67984456.ece Clipped from: https://www.thehindubusinessline.com/business-laws/strengthening-whistleblowers-hands/article67984456.ece The Competition Commission of India’s latest “lesser penalty plus” regime incentivises whistleblowers to come forward and disclose full, true and vital information
👍👍👍👍👍Forex reserves + Rupee – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/forex-reserves-rupee/article67988029.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/forex-reserves-rupee/article67988029.ece India holds the fourth largest foreign exchange (forex/Fx) reserves in the world. China, Japan and Switzerland are the top three holders of
👍👍👍👍👍Reopening u/s. 148 merely based on investigation report is unjustifiable: ITAT Delhi
https://taxguru.in/income-tax/reopening-u-s-148-based-investigation-report-unjustifiable-itat-delhi.html Clipped from: https://taxguru.in/income-tax/reopening-u-s-148-based-investigation-report-unjustifiable-itat-delhi.html Akik Marketing India Pvt. Ltd. Vs ITO (ITAT Delhi) ITAT Delhi held that reopening assessment under section 148 of the Income Tax
👍👍👍👍👍Co-Op society eligible for section 80P(2)(a)(i) deduction on compulsory investment with Central Co-op Bank
https://taxguru.in/income-tax/co-op-society-eligible-section-80p2ai-deduction-compulsory-investment-central-co-op-bank.html Clipped from: https://taxguru.in/income-tax/co-op-society-eligible-section-80p2ai-deduction-compulsory-investment-central-co-op-bank.html Kalika Parameswari Co-operative Society Ltd Vs ITO (ITAT Bangalore) Introduction: The case of Kalika Parameswari Co-operative Society Ltd vs. ITO, heard at the
👍👍👍👍👍Addition which is not based on reasons for reopening is un-sustainable sans notice u/s 148
https://taxguru.in/income-tax/addition-based-reasons-reopening-un-sustainable-sans-notice-u-s-148.html Clipped from: https://taxguru.in/income-tax/addition-based-reasons-reopening-un-sustainable-sans-notice-u-s-148.html Manu Stock Broking Private Limited Vs ACIT (ITAT Mumbai) Introduction: The case of Manu Stock Broking Pvt Ltd Vs ACIT, adjudicated by the
👍👍👍👍👍Section 143(1) Intimation Without Hearing Assessee Is Unlawful: ITAT Kolkata
https://taxguru.in/income-tax/section-1431-intimation-hearing-assessee-unlawful-itat-kolkata.html Clipped from: https://taxguru.in/income-tax/section-1431-intimation-hearing-assessee-unlawful-itat-kolkata.html Aashirvad Villa Limited Vs ITO (ITAT Kolkata) Introduction: The case of Aashirvad Villa Limited Vs ITO, adjudicated by the Income Tax Appellate Tribunal
👍👍👍👍👍ITC Claim Cannot Be Denied merely Due to GSTR-2A, 3B Mismatch: Kerala HC
https://taxguru.in/goods-and-service-tax/itc-claimed-denied-due-mismatch-gstr-2a-gstr-3bkerala-hc-sets-order-philips-auto-agencies.html Clipped from: https://taxguru.in/goods-and-service-tax/itc-claimed-denied-due-mismatch-gstr-2a-gstr-3bkerala-hc-sets-order-philips-auto-agencies.html Philips Auto Agencies (India) Pvt. Ltd. Vs State Tax Officer (Kerala High Court) Introduction: Philips Auto Agencies (India) Pvt. Ltd. approached the Kerala High
👍👍👍👍👍Portal Access Issue: Delhi HC Directs Re-Adjudication for GST Registration Cancellation
https://taxguru.in/goods-and-service-tax/portal-access-issue-delhi-hc-directs-re-adjudication-gst-registration-cancellation.html Clipped from: https://taxguru.in/goods-and-service-tax/portal-access-issue-delhi-hc-directs-re-adjudication-gst-registration-cancellation.html Polytec Industries Through Its Proprietor Mr.Rohit Gupta Vs Commissioner Delhi Goods And Services Tax Trade And Tax Department And Ors (Delhi High
👍👍👍👍👍Extended Limitation Period Inapplicable without Intent to evade Service Tax
https://taxguru.in/service-tax/extended-limitation-period-inapplicable-intent-evade-service-tax.html Clipped from: https://taxguru.in/service-tax/extended-limitation-period-inapplicable-intent-evade-service-tax.html Rajasthan State Road Transport Corporation Vs Joint Commissioner of Central Excise And Service Tax (CESTAT Delhi) In the case between Rajasthan State
👍👍👍👍👍GST demand cannot be raised based on figures in Profit and Loss Account
https://taxguru.in/goods-and-service-tax/gst-demand-raised-based-figures-profit-loss-account.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-demand-raised-based-figures-profit-loss-account.html Introduction: In a significant ruling, the Madras High Court addressed the issue of whether GST demand can be raised solely based on figures
👍👍👍👍👍The fuss over US interest rates – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/the-fuss-over-us-interest-rates/article67965621.ece Clipped from: https://www.thehindubusinessline.com/opinion/the-fuss-over-us-interest-rates/article67965621.ece High interest rates in the West have not impacted growth or equity markets, but banks have been hit hard Recent discussions on
👍👍👍👍👍Section 80P(2)(d) Deduction Eligible on Interest on Deposits with Co-Op Society
https://taxguru.in/income-tax/section-80p2d-deduction-eligible-interest-deposits-co-op-society.html Clipped from: https://taxguru.in/income-tax/section-80p2d-deduction-eligible-interest-deposits-co-op-society.html Balduhak Co-operative Agriculture Service Society Ltd. Vs ITO (ITAT Chandigarh) Introduction: The case of Balduhak Co-operative Agriculture Service Society Ltd. vs ITO (ITAT
