Gifts received  in  shape of cash “Shaguns” on various occasions like Marriages, Birthdays, Anniversaries kept in Locker  shall not be treated as Unexplained Money u/s 69A  of Income Tax Act: ITAT

Clipped from: https://www.taxscan.in/gifts-received-in-shape-of-cash-shaguns-on-various-occasions-like-marriages-birthdays-anniversaries-kept-in-locker-shall-not-be-treated-as-unexplained-money-u-s-6/336090/ By Aparna. M – On October 27, 2023 2:00 pm – 2 mins read The Income Tax Appellate Tribunal (ITAT), Delhi bench held that gifts received in the form

‘The solution to rural prosperity is entrepreneurship at scale’ – SME News | The Financial Express

https://www.financialexpress.com/business/sme-msme-eodb-the-solution-to-rural-prosperity-is-entrepreneurship-at-scale-3161011/ Clipped from: https://www.financialexpress.com/business/sme-msme-eodb-the-solution-to-rural-prosperity-is-entrepreneurship-at-scale-3161011/ Ease of doing business for MSMEs: The lever to create jobs lies in mass entrepreneurship or widespread entrepreneurship. It means the growth

MSME-registration platform Udyam crosses 3 crore registration mark; Check details – SME News | The Financial Express

https://www.financialexpress.com/business/sme-msme-registration-platform-udyam-crosses-3-crore-registration-mark-check-details-3288695/ Clipped from: https://www.financialexpress.com/business/sme-msme-registration-platform-udyam-crosses-3-crore-registration-mark-check-details-3288695/ Considering the state-wise registration data, Maharashtra with over 35 lakh enterprises led the table. Tamil Nadu (20.5 lakh), Uttar Pradesh (19.13 lakh),

Financial apps do make life simple but click with caution – Money News | The Financial Express

https://www.financialexpress.com/money/your-money-financial-apps-do-make-life-simple-but-click-with-caution-3289100/ Clipped from: https://www.financialexpress.com/money/your-money-financial-apps-do-make-life-simple-but-click-with-caution-3289100/ If an app asks for excessive access to your device’s data, then it is a red flag. X Downloading financial apps and

No policy for troubled times: Does inflation targeting really work?

https://www.business-standard.com/opinion/columns/no-policy-for-troubled-times-does-inflation-targeting-really-work-123102700810_1.html Clipped from: https://www.business-standard.com/opinion/columns/no-policy-for-troubled-times-does-inflation-targeting-really-work-123102700810_1.html On the evidence at hand, inflation targeting works only when the world economy is normal, and demand swings up and down in

Credit gaps persist in MSME, agriculture sectors: RBI’s Swaminathan – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/credit-gaps-persist-in-msme-agriculture-sectors-rbis-swaminathan/article67461138.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/credit-gaps-persist-in-msme-agriculture-sectors-rbis-swaminathan/article67461138.ece This is despite banks making considerable progress in meeting PSL targets Credit gaps persist in sectors such as MSMEs, agriculture and among

Low savings, and borrowings for consumption are red signals – The Hindu BusinessLine

https://www.thehindubusinessline.com/opinion/editorial/low-savings-and-borrowings-for-consumption-are-red-signals/article67462428.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/low-savings-and-borrowings-for-consumption-are-red-signals/article67462428.ece Indians are either not spending enough or borrowing to spend. Neither bodes well for the economy The latest monthly economic report published

US growth for last qtr likely reflected consumers’ resistance to Fed hikes

https://www.business-standard.com/world-news/us-growth-for-last-qtr-likely-reflected-consumers-resistance-to-fed-hikes-123102600160_1.html lipped from: https://www.business-standard.com/world-news/us-growth-for-last-qtr-likely-reflected-consumers-resistance-to-fed-hikes-123102600160_1.html Last quarter’s robust growth, though, will probably prove to be a high-water mark for the economy before a steady slowdown beginning in

India Enacts New Privacy Law: The Digital Personal Data Protection Act – Publications

https://www.morganlewis.com/pubs/2023/08/india-enacts-new-privacy-law-the-digital-personal-data-protection-act Clipped from: https://www.morganlewis.com/pubs/2023/08/india-enacts-new-privacy-law-the-digital-personal-data-protection-act India enacted its new privacy law—the Digital Personal Data Protection Act, 2023 (DPDP Act) on August 11. Once in effect, the DPDP

Partnership Firm and proprietorship concern having one common partner as individual could not be defined as relative u/s 2(41) of Companies Act

https://taxguru.in/excise-duty/partnership-firm-proprietorship-concern-common-partner-individual-defined-relative-u-s-2-41-companies-act.html Clipped from: https://taxguru.in/excise-duty/partnership-firm-proprietorship-concern-common-partner-individual-defined-relative-u-s-2-41-companies-act.html Asha Industries Vs C.C.E. & S.T. (CESTAT Ahmedabad) Conclusion: A proprietorship firm and the partnership firm even though the said proprietor was one

India’s Future: The Quest for High and Stable Growth | S&P Global

https://www.spglobal.com/en/research-insights/featured/special-editorial/look-forward/india-s-future-the-quest-for-high-and-stable-growth Clipped from: https://www.spglobal.com/en/research-insights/featured/special-editorial/look-forward/india-s-future-the-quest-for-high-and-stable-growth Achieving high and sustainable growth has been elusive for India; success will require reaping the demographic dividend, boosting private investment and increasing

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