Income Tax Rules Change: Now Authorities Can Waive Or Reduce Interest Due On Late Payment Of Taxes https://www.msn.com/en-in/autos/photos/income-tax-rules-change-now-authorities-can-waive-or-reduce-interest-due-on-late-payment-of-taxes/ar-AA1ty2FV?ocid=msedgntp&pc=DCTS&cvid=454bff12ca84490ea1a622606a3b3e0c&ei=57The income tax authorities have made changes in
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👌Last call for youth: Prime Minister Internship Scheme registration ends Nov 10, says MCA – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/last-call-for-youth-prime-minister-internship-scheme-registration-ends-nov-10-says-mca/article68828854.ece MCA aims to onboard 1.25 lakh youth for internship under pilot scheme The registration window for young applicants on the dedicated portal under
👌GST circulars should be clear and easy to understand – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/gst-circulars-should-be-clear-and-easy-to-understand/article68829812.ece This will smoothen the assessment process and reduce the piling up of appeals at the Tribunals Monthly GST collections are becoming a sort
👌Reforms on anvil? FM Nirmala Sitharaman reviews the Income Tax Act 1961 with senior officials – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/reforms-on-anvil-fm-nirmala-sitharaman-reviews-the-income-tax-act-1961-with-senior-officials-452496-2024-11-04 During the meeting, the Revenue Secretary apprised the finance minister that 6,500 suggestions have been received through the portal since it was opened
👌Income tax dept receives 6,500 suggestions on review of income tax act | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/income-tax-dept-receives-6-500-suggestions-on-review-of-income-tax-act-124110401230_1.html Public inputs and suggestions were invited in four categories simplification of language, litigation reduction, compliance reduction, and redundant/obsolete provisions Last month, the CBDT’s
👌India Inc sends mixed signals on H2 FY25 capital expenditure path | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/india-inc-sends-mixed-signals-on-h2-fy25-capital-expenditure-path-124110401044_1.html Minutes from the October MPC show the RBI’s optimism about private investments picking up Listen to This Article After subdued earnings in the
👌CESTAT Rules Mere Non-Payment of Service Tax Not Suppression of fact
Clipped from: https://www.taxscan.in/mere-non-payment-of-service-tax-not-suppression-of-fact-cestat-quashes-order-under-extended-limitation-read-order/453127/ The appellant referred to precedents where it was held that non-disclosure alone does not equate to suppression unless it is accompanied by deliberate
👌ITAT Upholds Deletion of Additions u/s 68 Due to Sufficient Cash Balance
Clipped from: https://www.taxscan.in/itat-upholds-citas-deletion-of-additions-u-s-68-citing-sufficient-cash-balance-and-lack-of-evidence-for-accommodation-entries-read-order/453097/ The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals)[CIT(A)]’s decision to delete additions made under Section
👌Banks’ NIM falls in Q2 as RBI penal charge diktat takes effect, deposit cost rises – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-nim-falls-in-q2-as-rbi-penal-charge-diktat-takes-effect-deposit-cost-rises/article68825631.ece Bankers expect pressure on NIM to continue in Q3 Large and mid-sized banks have seen a fall in their net interest margin (NIM)
👌Bull run takes personal loans against shares to record highs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/bull-run-takes-personal-loans-against-shares-to-record-highs/article68825677.ece The strong surge in stock markets since the pandemic and increase in retail participation has taken bank loans against shares to the highest
👌Buying a cardiac plan? Check waiting periods and co-payment requirements
Clipped from: https://www.business-standard.com/finance/personal-finance/buying-a-cardiac-plan-check-waiting-periods-and-co-payment-requirements-124103101010_1.html Customers should also watch out for sub-limits on room rent and specific treatments Heart disease In recent years, heart disease has become one
👌DGFT surprises exporters with annual returns under the Rodtep scheme | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/dgft-surprises-exporters-with-annual-returns-under-the-rodtep-scheme-124110300654_1.html The DGFT wants the exporters to submit the data for the year 2023-24 by the March 31, 2025. Not furnishing the ARR will
👌GST Amnesty Scheme 128A: No Interest, Penalty for FY 2017-18 to 2019-20
Clipped from: https://taxguru.in/goods-and-service-tax/gst-amnesty-scheme-128a-interest-penalty-fy-2017-18-2019-20.html GST Amnesty Scheme- 128A-No Interest & Penalty from FY 2017-18, 2018-19 & 2019-20 -Simplified Summary: The GST Amnesty Scheme under Section 128A offers relief
👌Section 148 Notice quashed as procedure adopted being per se illegal: ITAT Mumbai
Clipped from: https://taxguru.in/income-tax/section-148-notice-quashed-procedure-adopted-se-illegal-itat-mumbai.html Chemox Exports Imports Pvt. Ltd. Vs Income Tax Department Assessment Unit (ITAT Mumbai) ITAT Mumbai held that notice issued under section 148 of
👌Tax experts call for quicker disposal of appeals, settlement – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-tax-experts-call-for-quicker-disposal-of-appeals-settlement-3650489/ These demands have been made in the context of the ongoing comprehensive review and re-drafting of the Income Tax Act, 1961. Tax experts
👌Deposits outpace credit growth after 30 months, hinting at stability | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/deposits-outpace-credit-growth-after-30-months-hinting-at-stability-124103100853_1.html Credit growth coming off its highs has largely contributed to credit-deposit growth aligning After nearly 30 months, banks’ deposit growth has edged above
👌DGFT: Exporters claiming RoDTEP benefits to file annual return – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-dgft-exporters-claiming-rodtep-benefits-to-file-annual-return-3648312/ The requirement to file the annual return is initially for exporters whose total RoDTEP claim exceeds Rs 1 crore in a financial year
👌Interest Equalisation Scheme for exporters: Check online application process, fee, documents required – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-interest-equalisation-scheme-for-exporters-check-online-application-process-fee-documents-required-3648561/ Earlier this month, the Directorate General of Foreign Trade (DGFT) had extended the scheme for three months from September 30 to December 31, 2024,
👌Mudra Yojana: FinMin notifies increase in loan limit to Rs 20 lakh for micro, small enterprises – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-mudra-yojana-finmin-notifies-increase-in-loan-limit-to-rs-20-lakh-for-micro-small-enterprises-3649371/ In a notification on Thursday, the ministry said it has added a new category Tarun Plus for loans above Rs 10 lakh and
👌MSME loan in 59 minutes: Apply for Rs 5 crore loan online; check step-by-step process – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-msme-loan-in-59-minutes-apply-for-rs-5-crore-loan-online-check-step-by-step-process-3649543/ The PSB Loans in 59 Minutes enables in-principle approval to a loan application within 59 minutes. While the loan offering is collateral-free, it
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