Clipped from: https://www.thehindu.com/news/cities/bangalore/prosecution-cant-be-launched-until-evaded-tax-is-known-based-on-i-t-search-disclosures/article34256302.ece There is no presumption under law that every unaccounted transaction would lead to imposition of tax, and therefore, no prosecution can be launched
Category: Legal
Ordinance to usher in tribunal reforms issued – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ordinance-to-usher-in-tribunal-reforms-issued/article34244695.ece Appellate authorities in 9 laws replaced with High Courts The Centre has replaced Appellate authorities under as many as nine laws with High
Ordinance to usher in tribunal reforms issued – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ordinance-to-usher-in-tribunal-reforms-issued/article34244695.ece?homepage=true Appellate authorities in 9 laws replaced with High Courts The Centre has replaced Appellate authorities under as many as nine laws with High
Centre promulgates IBC amendment ordinance to allow pre-packaged insolvency for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/centre-promulgates-ibc-amendment-ordinance-to-allow-pre-packaged-insolvency-for-msmes/articleshow/81909630.cmsSynopsis A pre-packaged resolution essentially translates to a company preparing a restructuring plan with its creditors before initiating insolvency proceedings. This helps to cut
Government amends insolvency law; introduces pre-packaged resolution process for MSMEs | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/banking-and-finance/government-amends-insolvency-law-introduces-pre-packaged-resolution-process-for-msmes-7259484/ An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification. As per the ordinance,
Pre-pack problems | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/pre-pack-problems-121040501240_1.html MSME Ordinance violates basic principle of IBC The government has decided that a “pre-packaged” resolution process for micro, small, and medium enterprises (MSMEs)
Law and language – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/law-and-language/article34239308.ece Since our laws are drafted in the English language, the grammar of the language comes into play a lot. The bill of entry
In relief to micro-enterprises, ICAI softens accounting standards blow – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/in-relief-to-micro-enterprises-icai-softens-accounting-standards-blow/article34239244.ece?homepage=true A special category has been created The Institute of Chartered Accountants of India (ICAI) has exempted micro-enterprises from the adoption of certain accounting
Now, a pre-packaged insolvency process for MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/now-in-india-a-pre-packaged-insolvency-process-for-msmes/article34242211.ece?homepage=true Centre issues ordinance to introduce pre-packaged insolvency for corporates classified as MSMEs The Centre has used the Ordinance route to introduce pre-packaged insolvency
Signs of the times: Digital document verifications accelerate amid Covid-19 | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/signs-of-the-times-digital-document-verifications-accelerate-amid-covid-19-121040400912_1.html The use of digital signatures and online verification of documents has touched a new high after the onset of the pandemic The Covid-19
ByteDance says India’s freeze on bank accounts is harassment: Court filing | Business Standard News
lipped from: https://www.business-standard.com/article/current-affairs/bytedance-says-india-s-freeze-on-bank-accounts-is-harassment-court-filing-121040400476_1.html Beijing has repeatedly criticised India over that ban and those of other Chinese apps Photo: Reuters China’s ByteDance has told an Indian court that a
Decade on, wait for a roof still far cry for Jaypee Infratech homebuyers | Business Standard News
lipped from: https://www.business-standard.com/article/pf/decade-on-wait-for-a-roof-still-far-cry-for-jaypee-infratech-homebuyers-121040400958_1.html Apex court has sent case back to lenders, allowing previous two bidders to furnish revised plan According to a report by the Interim
Commercial real estate developers urge govt to not levy 18% GST – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/commercial-real-estate-developers-urge-govt-to-not-levy-18-gst/articleshow/81849597.cmsSynopsis Instead of outright purchase of land, developers are now looking to enter into a joint development agreement where both landowner and developer share
Confusion over when to levy GST on gift vouchers and gift cards finally gets cleared – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/gst/confusion-over-when-to-levy-gst-on-gift-vouchers-and-gift-cards-finally-gets-cleared/articleshow/81906915.cmsSynopsis Levying Goods and Services Tax (GST) on gift vouchers and gift cards has been a complicated matter that may just have been eased
bad loans: RBI may set up task force soon: Rules for ARCs likely to be reviewed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rules-for-arcs-likely-to-be-reviewed/articleshow/81904479.cmsSynopsis The move could involve examining proposals like weaving the role of ARCs in the insolvency and bankruptcy code, letting them join hands with
53 crore phone numbers of Facebook users including India leaked, key details here
Clipped from: https://www.businesstoday.in/technology/53-crore-phone-numbers-of-facebook-users-including-india-leaked-key-details-here/story/435669.html Leaked data from 53.3 crores Facebook users across the world was posted online. Cybersecurity experts believe the leaked information may be used for
UPI, IMPS bank transfer failed? When you will get refund, what to do if you don’t – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/save/failed-bank-transfer-via-upi-imps-when-you-will-you-get-your-money-back-what-to-do-if-dont-get-refund-on-time/articleshow/81882779.cmsSynopsis On April 1, 2021, many customers faced issued related to the transfer of money via NEFT, IMPS and UPI. As per replies by
Estate Planning: Inheritance rights of women in own, husband’s ancestral property, coparcenary property – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/inheritance-rights-of-women-in-own-husbands-ancestral-property-coparcenary-property/articleshow/81103453.cms SynopsisA widow’s share in the joint family property of the deceased husband is only up to the share that would have come to
Against senseless e-commerce terms–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/against-senseless-e-commerce-terms/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Certain proposals for a new ecommerce policy, backed
Complete fire audit by Sept:- 2012 news–Maharashtra govt | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/complete-fire-audit-by-sept-maharashtra-govt-112070302013_1.html The Maharashtra government has asked all government offices, municipal corporations, municipalities and special planning authorities to complete a fire safety assessment within a
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