Clipped from: https://indianexpress.com/article/business/economy/hospitals-allowed-to-take-cash-payments-of-over-rs-2-lakh-7306392/ The government has allowed hospitals, dispensaries and Covid care centres to accept cash payments in excess of Rs 2 lakh from patients or
Category: Income Tax
करावे कर-समाधान : ‘फॉर्म २६ एएस’ ही काय भानगड? | लोकसत्ता
Clipped from: https://www.loksatta.com/arthvrutant-news/importance-of-form-26as-in-itr-filing-process-zws-70-2466301/ करदात्याने मोठय़ा रकमेचे व्यवहार केले असल्यास याची माहितीसुद्धा ‘फॉर्म २६ एएस’मध्ये दिसते. प्रवीण देशपांडे pravin3966@rediffmail.com करदात्याला विवरणपत्र भरण्यापूर्वी ‘फॉर्म २६ एएस’ तपासण्यास सांगण्यात
How India is leading by example with its faceless E-assessment system for income tax – The Financial Express
Clipped from: https://www.financialexpress.com/economy/how-india-is-leading-by-example-with-its-faceless-e-assessment-system-for-income-tax/2247824/ The most important aspect of new procedure is coverage of ‘Best judgement assessment’ in faceless Assessment Scheme. Over the last few years, the
Several hospitals come under taxman’s probe – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/several-hospitals-come-under-taxmans-probe/articleshow/82474009.cmsSynopsis It comes as the government has received several complaints that many hospitals have refused to accept payments in any other mode but cash.
SEBI notifies relaxed rules for listing start-ups – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/sebi-notifies-relaxed-rules-for-listing-start-ups/article34508771.ece The changes have been made to the framework for listing on the Innovators Growth Platform (IGP), according to two separate notifications issued on
Delhi High Court stays show cause notice by I-T dept under faceless assessment regime – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/hc-stays-show-cause-by-i-t-under-faceless-assessment-regime/articleshow/82465756.cmsSynopsis The Delhi High Court said the submission that there was a breach of principles of natural justice appears to be prima facie correct.
Delhi HC asks I-T Dept to give 3 weeks notice to assessee before taking any coercive action – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/covid-relief-delhi-hc-asks-i-t-dept-to-give-3-weeks-notice-to-assessee-before-taking-any-coercive-action/article34508991.ece Petitioners plead for issuance of directions for waiver of charges towards tax payment delay The Delhi High Court has asked the Government to
Ask Money Today: How does Capital Gains Account Scheme work in buying a house property?
Clipped from: https://www.businesstoday.in/money/ask-money-today/ask-money-today-how-does-capital-gains-account-scheme-work-in-buying-a-house-property/story/438363.html It is required to utilise capital gains amount towards acquisition of property before filing of ITR. If you don’t, then this amount should
Centre mulls relaxing Rs 2 lakh cash transaction limit for COVID-19 treatment–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/centre-mulls-relaxing-rs-2-lakh-cash-transaction-limit-for-covid-19-treatment/story/438537.html The high court was hearing a plea seeking suspension of Section 269ST of the Income Tax Act which puts a bar on a
Foreigners won’t need PAN for investment in GIFT alternate investment funds | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/government-eases-gift-entry-for-foreign-investors-in-category-iii-aifs-121050500483_1.html PAN requirement will no longer apply to such investors The government has eased personal account number (PAN) requirements for foreign investors in the
Income Tax Dept sets threshold for significant economic presence – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/income-tax-dept-sets-threshold-for-significant-economic-presence/article34473809.ece Rules prescribing thresholds for SEP provisions would have limited impact, say experts The Income Tax Department on Monday notified a threshold for Significant
Planning to set up a trust? Reduce litigation risk, say analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/planning-to-set-up-a-trust-reduce-litigation-risk-say-analysts-121050401390_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 It’s exempted from the probate process; courts don’t get involved in its execution “There is an absolute absence of any court process in
India notifies digital tax threshold of Rs 2 crore and 300,000 users | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-notifies-digital-tax-threshold-of-rs-2-croreand-300-000-users-121050400156_1.html This is part of the Significant Economic Presence (SEP) principle, which was introduced in the Finance Bill 2018-19 In order to tax Facebook,
Arbitrage and profits in stock trading – The Financial Express
lipped from: https://www.financialexpress.com/money/your-money-arbitrage-and-profits-in-stock-trading/2245818/ The logic is based on the argument that either way the dealer ought to make a profit. Now the dealer’s borrowing rate is
Fractional ownership fast catching attention of NRIs, HNIs and UHNIs – The Financial Express
Clipped from: https://www.financialexpress.com/industry/fractional-ownership-fast-catching-attention-of-nris-hnis-and-uhnis/2245807/ As Covid-19 posed unprecedented economic challenges for real estate, investors were forced to explore emerging and alternate investment classes like fractional ownership, which
Income Tax: Gains from share trading taxed under business profit, file ITR 3/4 – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-gains-from-share-trading-taxed-under-business-profit-file-itr-3-4/2245835/ Separate disclosure of each source of income shall have to be made in the ITR Form, whether or not you choose to be
Food Processing Ministry floats EoI for PLI scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/food-processing-ministry-floats-eoi-for-pli-scheme/article34472819.ece Selected applicants will get sales-based sops after fulfilling fresh investment target The Ministry of Food Processing has floated an expression of interest (EoI)
Income Tax Dept sets threshold for significant economic presence – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/income-tax-dept-sets-threshold-for-significant-economic-presence/article34473809.ece Rules prescribing thresholds for SEP provisions would have limited impact, say experts The Income Tax Department on Monday notified a threshold for Significant
Income Tax Dept sets threshold for significant economic presence – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/income-tax-dept-sets-threshold-for-significant-economic-presence/article34473809.ece?homepage=true Appeal to Commissioner can be filed within the time provided or May 31 Appeal to Commissioner can be filed within the time provided
Tax Query: How to close HUF account with the I-T Department – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-how-to-close-huf-account-with-the-i-t-department/article34460660.ece?homepage=true My friend is having an HUF account. Till 2016 he had business income in HUF. He has two sons and a spouse. Both
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