lipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-may-give-banksnbfcs-more-time-to-appoint-auditors/article34782339.ece?homepage=true The guidelines allow regulated entities to appoint auditors for three years The Reserve Bank of India may give more time to regulated entities,
Category: Income Tax
New tax deal – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/careful-deliberations-are-needed-before-accepting-the-formula-for-taxing-digital-mnes/article34782738.ece?homepage=true Careful deliberations are needed before accepting the formula for taxing digital MNEs The commitment made by G7 finance ministers regarding corporate tax rates
Encouraging accord: The Hindu Editorial on global minimum tax – The Hindu
lipped from: https://www.thehindu.com/opinion/editorial/encouraging-accord-the-hindu-editorial-on-global-minimum-tax/article34773238.ece?homepage=true The political will shown by G7 to ensure fairness in revenue sharing is a good augury The Finance Ministers of the G7 nations
Shifting to global minimum tax framework will end competitive tax cuts–indian express
Clipped from: https://indianexpress.com/article/opinion/editorials/finance-minister-g-7-nations-global-tax-architecture-corporate-taxation-international-treaties-7351639/ Shifting to global minimum tax framework will end competitive tax cuts. But developing economies need to weigh costs Companies routinely make use of
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
G7 floor tax rate good, but a global tax regime a tough challenge – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/g7-floor-tax-rate-good-but-a-global-tax-regime-a-tough-challenge/2267698/ Achieving a global consensus on the proposal is a tough challenge as market jurisdictions will have their own sets of reservations The communique
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
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
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
New I-T portal to make filing returns, refunds less taxing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/new-i-t-portal-to-make-filing-returns-refunds-less-taxing/article34755683.ece All actions will be displayed on a single dashboard for the follow-up by taxpayer Over the weekend, income-tax payers were greeted with SMS
G7 makes a good start on tax reform – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/g7-makes-a-good-start-on-tax-reform/articleshow/83288635.cmsSynopsis Often, MNCs are known to shift their tax liability by assigning a share of costs and profits to a subsidiary in a low-tax
How to manage money, asset transfers after untimely death of a dear one – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/how-to-manage-money-asset-transfers-after-untimely-death-of-a-dear-one/articleshow/83257677.cmsSynopsis Rules related to the transfer of money/asset in the name of a nominee or legal heir varies. Before being able to access any
What now for the G7 tax deal on multinationals? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/business/what-now-for-the-g7-tax-deal-on-multinationals/articleshow/83309870.cmsSynopsis Hailed as historic by its backers, the deal nonetheless contains much detail that still needs to be hammered out in time for countries
I-T dept launches new e-filing portal, asks taxpayers to update mobile number, email ID – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/i-t-dept-launches-new-e-filing-portal-asks-taxpayers-to-update-mobile-number-email-id/articleshow/83317211.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The income tax department also asked taxpayers to re-register their DSC (Digital Signature Certificate), update personal mobile number and email ID under ‘primary
Global minimum corporate tax: How does one pay ‘right taxes at the right place’? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/global-minimum-corporate-tax-how-does-one-pay-right-taxes-at-the-right-place/articleshow/83319689.cmsSynopsis A global consensus also ensures that MNCs are not caught between conflicting claims of governments and be subjected to double or multiple taxation.
करावे कर-समाधान : एचयूएफ आणि प्राप्तिकर कायदा | लोकसत्ता
Clipped from: https://www.loksatta.com/arthvrutant-news/hindu-undivided-family-under-the-income-tax-act-zws-70-2491175/ कर नियोजन करताना या बाबींचा विचार करदात्याने केला पाहिजे जेणेकरून कुटुंबाच्या उत्पन्नावर करदात्याला वैयक्तिकरीत्या कर भरावा लागणार नाही. प्रवीण देशपांडे pravin3966@rediffmail.com आता वाचकांकडून
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
aniltikotekar4sme.com 