Clipped from: https://indianexpress.com/article/explained/insolvency-bankruptcy-code-supreme-court-7231759/ The clarification by the Supreme Court with respect to participation of promoters in liquidation process of an insolvent company will speed up the
Category: Legal
Income Tax for non-residents: Stranded in India & facing double taxation? New CBDT circular explained for you – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-for-non-residents-stranded-in-india-facing-double-taxation-new-cbdt-circular-explained-for-you/2214889/ Income Tax for non-residents: Due to the coronavirus outbreak and subsequent lockdown last year (2020), many non-residents were stuck in India due to
No proposal for scrutiny of GST assessment in faceless mode: MoS Anurag Singh Thakur – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/no-proposal-for-scrutiny-of-gst-assessment-in-faceless-mode-mos-anurag-singh-thakur/articleshow/81543598.cmsSynopsis Income tax assessments are being done in a faceless manner except in certain conditions and till March 10, a total of 82,072 assessment
Measures to push GST mopup – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/parliament-watch-measures-to-push-gst-mopup/articleshow/81543344.cmsSynopsis “Greater awareness about the GST structure and punitive action in case of non-compliance needs to be created among the assessees on a wider
न्यायव्यवस्थेची ‘समांतर’ गोची —महाराष्ट्र टाइम्स
Clipped from: https://maharashtratimes.com/editorial/article/retired-judge-rajan-kochar-article-on-judiciary-and-method-of-judgment/articleshow/81522134.cms न्यायालयांच्या तांत्रिक व अतिजाचक जाळ्यातून मुक्त ठेवून, न्यायदान त्वरित व्हावे, या हेतूने राबविण्यासाठी समांतर न्यायदानाची पद्धत योग्य मार्गाने स्थापन केली खरी; पण ही
SC right to protect IBC | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/sc-right-to-protect-ibc-121031601299_1.html Back door for promoters to retain control closed The Supreme Court, in deciding a case dealing with the promoters of Gujarat NRE Coke,
DFI employees may get shield against ‘ill-informed’ probe, prosecution | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/dfi-employees-may-get-shield-against-ill-informed-probe-prosecution-121031700072_1.html The government expects the DFI to finance a large percentage of the Rs 115-trillion spending needed for the National Infrastructure Pipeline A government
Draft e-commerce policy could add to compliance burden of stakeholders – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/draft-e-commerce-policy-could-add-to-compliance-burden-of-stakeholders/article34085913.ece Under pressure from national trade lobbies, the Government’s latest amendments to the draft national e-Commerce Policy is expected to add to the compliance
Benefits of data rules must reach citizens, not just companies: S Gopalakrishnan–the economic times
Clipped from: https://economictimes.indiatimes.com/tech/internet/benefits-of-data-rules-must-reach-citizens-not-just-companies-s-gopalakrishnan/articleshow/71142724.cmsSynopsis Infosys cofounder Kris Gopalakrishnan said worries over data sharing and privacy will subside once the boundaries around data are clearly drawn by the
Do you need to invest only the gain amount or entire sale value of house property to save tax? – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/do-you-need-to-invest-only-the-gain-amount-or-entire-sale-value-of-house-property-to-save-tax/2213309/ If a house property is sold within 24 months from the date of purchase, the gain amount, if any, is considered as Short-Term
Insurance Cover: Bank depositors to get access to funds in 90 days – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/insurance-cover-bank-depositors-to-get-access-to-funds-in-90-days/2213323/ The Budget announcement had come after Punjab and Maharashtra Co-operative Bank faced a grave fraud, with customers demanding their entire money back. Subsequently,
DHFL: How money moved in circles in DHFL insurance deals – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/money-moved-in-circles-in-dhfl-insolvency-case/articleshow/81503546.cms SynopsisThe link between TDH and DHFL’s insurance business follows a complex trail of transactions that show that DHFL had funded entities that in
Bond storm – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/bond-storm/article34076582.ece?homepage=true SEBI’s perpetual bonds diktat protects retail investors, but fallout could have been anticipated The Securities Exchange Board of India’s circular to streamline ownership
GST defaulter: Bank a/cs of family members cannot be attached, says Court – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/hc-orders-release-of-bank-accounts-belonging-to-family-members-of-a-gst-assessee/article34073537.ece?homepage=true Bombay HC rules it is a serious invasion into the private domain of the taxpayer Bank accounts of family members of a GST
Supreme Court shuts back-door arrangement for defaulting promoters | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/supreme-court-shuts-back-door-arrangement-for-defaulting-promoters-121031600048_1.html The SC order barred promoters of Gujarat NRE Coke, a defaulting company, from proposing a revival plan in the event of liquidation under
Need to make cryptocurrency illegal: An ‘official cryptocurrency’ can create confusion & unease amongst citizens – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/need-to-make-cryptocurrency-illegal-an-official-cryptocurrency-can-create-confusion-unease-amongst-citizens/2212600/ The fight against black money is still on and tax data does not show that there has been encouraging success in this area.
E-commerce seller body AIOVA cries foul over ‘exclusion’ from policy discussions; writes to Cabinet Secretary | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/e-commerce-seller-body-aiova-cries-foul-over-exclusion-from-policy-discussions-writes-to-cabinet-secretary/2213320/ Ease of Doing Business for MSMEs: In order to ensure fair competition among sellers on the e-commerce marketplaces such as Amazon and Flipkart,
cyber security: Follow these 10 steps to ensure your online financial data remains safe – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/follow-these-10-steps-to-ensure-your-online-financial-data-remains-safe/articleshow/81480488.cmsSynopsis With financial transactions being increasingly carried out online, it is becoming difficult to keep hackers and frauds at bay. Find out how you
Centre hasn’t agreed to proposals on increasing work hours: Labour minister Santosh Gangwar – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/centre-hasnt-agreed-to-proposals-on-increasing-work-hours-labour-minister-santosh-gangwar/articleshow/81511794.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “During an existing pandemic, the ministry of labour & employment has received the draft ordinances/bills from different state governments through the ministry of
Gujarat reports 4th-highest GST frauds in India | Ahmedabad News – Times of India
Clipped from: https://timesofindia.indiatimes.com/city/ahmedabad/state-reports-4th-highest-gst-fraud/articleshow/81418760.cms AHMEDABAD: With rising number of fake billing scams and those involving illicit claiming of input tax credit (ITC), Gujarat reported fourth highest number
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