Clipped from: https://www.thehindubusinessline.com/economy/after-fed-rate-hike-rbi-may-follow-suit-say-economists/article65694856.ece The Reserve Bank of India (RBI) may increase repo rate by anywhere between 35 and 50 basis points at the upcoming Monetary Policy
Category: Seven Star
Easing of windfall tax, a breather for oil firms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/easing-of-windfall-tax-a-breather-for-oil-firms/article65695224.ece The tax will offset revenue forgone via excise duty cuts on fuel When the Russia-Ukraine tensions started, little did anyone think about the
Right said Fed, Can inflation be peaking? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/right-said-fed-can-inflation-be-peaking/articleshow/93195407.cms Synopsis The Fed, however, is not done yet, and the interest rate differential between the US and India will keep narrowing if the
India’s fiscal situation is precarious. But reducing the deficit cannot be the only objective – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-indias-fiscal-situation-is-precarious-but-reducing-the-deficit-cannot-be-the-only-objective/articleshow/93195200.cms Synopsis The combined deficit of the Centre and the states – which is the relevant parameter – is probably close to 10% of
Lessons from a tax cut | Business Standard Column
ears of a huge revenue loss from the 2019 reduction in corporation tax rates were exaggerated Almost three years ago, the Modi government had introduced
Forex umbrella – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/forex-umbrella/article65686067.ece RBI has enough forex reserves to ensure orderly movement in the rupee An unnecessary debate is on currently over whether the RBI is
Avoid aggressive management of rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/avoid-aggressive-management-of-rupee/article65686738.ece Forex intervention by RBI has actually contained rupee depreciation. But the benefits of heavy intervention are not very clear The rupee has crossed
us recession: Deeper US recession spells big trouble for India, says Swaminathan Aiyar – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/deeper-us-recession-spells-big-trouble-for-india-says-swaminathan-aiyar/articleshow/93129880.cms SECTIONS Deeper US recession spells big trouble for India, says Swaminathan Aiyar By Tamanna Inamdar ,Last Updated: Jul 26, 2022, 02:39 PM IST
recession: A global recession will pose enormous fiscal challenges. India must be prepared – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/a-global-recession-will-pose-enormous-fiscal-challenges-india-must-be-prepared/articleshow/93145050.cms Synopsis India’s fiscal deficit was at 2.5% of GDP when the Great Recession struck, and Pranab Mukherjee increased it to 6.9%. This time,
*******Anomalies in GST order on packaged food – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/anomalies-in-gst-order-on-packaged-food/article65678428.ece Gaps between the recent GST order, Packaged Commodities rules and provisions of Legal Metrology Act have caused confusion While the entire nation is
*******Rupee at 80: What can be done? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/rupee-at-80-what-can-be-done-122072400487_1.html We need to maintain the gap of interest rate differential with the US by raising rates in a measured way and allow the
How to start a small scale salon or beauty parlour business
How to start a small scale salon or beauty parlour business https://economictimes.indiatimes.com/news/how-to/how-to-start-a-small-scale-salon-business/articleshow/93049325.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
*******HC explains Provisions of Section 148A of Income Tax Act, 1961–TAXGURU.IN
Clipped from: https://taxguru.in/income-tax/hc-explains-provisions-section-148a-income-tax-act-1961.html?utm_source=feedburner&utm_medium=email Abdul Majeed Vs ITO (Rajasthan High Court) High Court held that while passing an order under Section 148A of the Act, the authority
*******FAQ’s on AIS (Annual Information Statement)–TAXGURU.IN
lipped from: https://taxguru.in/income-tax/faqs-ais-annual-information-statement.html?utm_source=feedburner&utm_medium=email Q-1 What is Annual Information Statement (AIS)? Ans. Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form
*******Extended period of limitation cannot be invoked in absence of willful misstatement/suppression of fact–TAXGURU.IN
Clipped from: https://taxguru.in/excise-duty/extended-period-limitation-invoked-absence-wilful-misstatement-suppression-fact.html?utm_source=feedburner&utm_medium=email Commissioner of Service Tax Vs Surya Vistacom Private Limited (Calcutta High Court) Held that the conclusion that mere non-payment of duties is not
*******Demand of service tax, merely on the basis of TDS/ 26AS statement, unsustainable–TAXGURU.com
Clipped from: https://taxguru.in/service-tax/demand-service-tax-merely-basis-of-tds-26as-statement-unsustainable.html?utm_source=feedburner&utm_medium=email Forward Resources Pvt. Ltd. Vs C.C.E. (CESTAT Ahmedabad) Held that the demand of services tax is not sustainable on the basis of TDS /26AS statements.
*******GST on Rental Income of a Residential House Property given to a registered person
Clipped from: https://taxguru.in/goods-and-service-tax/gst-rental-income-residential-house-property-registered-person.html?utm_source=feedburner&utm_medium=email GST Impact on Rental Income of a Residential House Property has given to a registered person (Under GST) under GST Law w.e.f. 18.07.2022.
*******MSME registrations on govt’s Udyam portal near 1-crore milestone in 2 years | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-msme-registrations-on-govts-udyam-portal-near-1-crore-milestone-in-2-years/2597989/ Ease of Doing Business for MSMEs: Aadhaar number-based registration on the Udyam portal is free, paperless, and based on self-declaration. PAN and GST
*******Income Tax Return: Which ITR Form to choose? Simply check your sources of income | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-return-which-itr-form-to-choose-simply-check-your-sources-of-income/2597741/?ref=Must_Read While there are many conditions involved in deciding a Form for filing return, the main indicators are however the sources of income. As
*******GST changes from Monday may put pressure on retail inflation: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-changes-from-today-to-put-pressure-on-retail-inflation-experts-122071800632_1.html Falling global commodity prices may neutralise the impact, say experts Retail price inflation moderated to 7.01 per cent in June, from 7.04 per
