https://www.businesstoday.in/personal-finance/tax/story/income-tax-return-here-is-what-you-should-do-if-you-receive-a-notice-from-the-income-tax-department-391352-2023-07-26 Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-return-here-is-what-you-should-do-if-you-receive-a-notice-from-the-income-tax-department-391352-2023-07-26 You can receive a notice for a variety of reasons, ranging from non-filing to just a routine scrutiny Nowadays tax notices are
Category: Study
Is the external sector resilient? – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/is-the-external-sector-resilient/article67120680.ece Clipped from: https://www.thehindubusinessline.com/opinion/is-the-external-sector-resilient/article67120680.ece Current account deficit, volatile capital flows and data dissemination issues have to be closely watched Last month, the RBI released key data-points
Insurers gave fake invoices when quizzed on tax credit claims: Officials
https://www.business-standard.com/economy/news/insurers-gave-fake-invoices-when-quizzed-on-tax-credit-claims-officials-123072600388_1.html Clipped from: https://www.business-standard.com/economy/news/insurers-gave-fake-invoices-when-quizzed-on-tax-credit-claims-officials-123072600388_1.html GST E-way bill is a document used to trace goods in transit to verify the authenticity of input credit claims Tax officials
1,103 MSME claims pending under Vivad Se Vishwas dispute resolution scheme; this many units supported | The Financial Express
https://www.financialexpress.com/industry/sme/1103-msme-claims-pending-under-vivad-se-vishwas-dispute-resolution-scheme-this-many-units-supported/3186747/ Clipped from: https://www.financialexpress.com/industry/sme/1103-msme-claims-pending-under-vivad-se-vishwas-dispute-resolution-scheme-this-many-units-supported/3186747/ Under the scheme, launched on April 17, MSMEs unable to execute government contracts during the Covid period were allowed a 95 per
Walmart, Flipkart sign MoU with Telangana govt to help MSMEs sell goods online | The Financial Express
https://www.financialexpress.com/industry/sme/walmart-flipkart-sign-mou-with-telangana-govt-to-help-msmes-sell-goods-online/3187392/ Clipped from: https://www.financialexpress.com/industry/sme/walmart-flipkart-sign-mou-with-telangana-govt-to-help-msmes-sell-goods-online/3187392/ Under the MoU, Walmart will offer support to MSMEs to digitise their businesses and fuel capacity building for the state of Telangana.
One District One Product: 137 unique products from 713 districts notified | The Financial Express
https://www.financialexpress.com/industry/sme/137-unique-products-from-713-districts-selected-for-one-district-one-product-mos-prahlad-patel/3187417/ Clipped from: https://www.financialexpress.com/industry/sme/137-unique-products-from-713-districts-selected-for-one-district-one-product-mos-prahlad-patel/3187417/ MoFPI is extending the credit-linked subsidy to individuals interested in setting up micro-enterprises for food processing according to the guidelines of the
👍👍👍👍👍Russia’s oil production cuts offers opportunity to Indian refiners to increase diesel exports to Europe – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/russias-oil-production-cuts-offers-opportunity-to-indian-refiners-to-increase-diesel-exports-to-europe/article67112693.ece Clipped from: https://www.thehindubusinessline.com/economy/russias-oil-production-cuts-offers-opportunity-to-indian-refiners-to-increase-diesel-exports-to-europe/article67112693.ece Trade sources said that Russia is slashing exports, particularly the largest selling medium heavy Ural blend A window of opportunity has opened
👍👍👍👍👍Over 5,000 cases of PAN/Aadhaar misuse to claim ITC identified – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/over-5000-cases-identified-27000-crore-detected-in-misusing-panaadhaar-to-claim-input-tax-credit/article67116235.ece Clipped from: https://www.thehindubusinessline.com/economy/over-5000-cases-identified-27000-crore-detected-in-misusing-panaadhaar-to-claim-input-tax-credit/article67116235.ece While Maharashtra tops the list in number of cases, Delhi leads in terms of amount fraudulently availed and detected Central GST Administration
Don’t dilute the human factor in audit – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/dont-dilute-the-human-factor-in-audit/article67116910.ece Clipped from: https://www.thehindubusinessline.com/opinion/dont-dilute-the-human-factor-in-audit/article67116910.ece Systems now largely drive the audit process. But to know where things can go wrong, the human element plays a vital role
👍👍👍👍👍👍👍Presumptive Taxation Scheme Under Section 44ADA and Section 44AE
https://taxguru.in/income-tax/presumptive-taxation-scheme-section-44ada-section-44ae.html Clipped from: https://taxguru.in/income-tax/presumptive-taxation-scheme-section-44ada-section-44ae.html Presumptive Taxation Scheme Under Section 44ADA and Section 44AE of Income Tax Act 1961 1. Presumptive Taxation Scheme of Section 44ADA: A
👍👍👍👍👍👍👍Income Tax benefits available to Small Businessmen for AY 2023-24
https://taxguru.in/income-tax/list-income-tax-benefits-small-businessmen.html Clipped from: https://taxguru.in/income-tax/list-income-tax-benefits-small-businessmen.html 2.f List of benefits available to Small Businessmen* S.N. Particulars Section Benefits/Deductions allowed A. Presumptive Taxation Scheme 1. Computation of income from
👍👍👍👍👍👍👍Benefit to Non- Residents under Income Tax Act, 1961
https://taxguru.in/income-tax/benefits-residents-income-tax-act-1961.html Clipped from: https://taxguru.in/income-tax/benefits-residents-income-tax-act-1961.html Benefits available to Non- Residents [AY 2024-25] 1. Who is a Non-Resident? Section 2(30) defines non-resident as a person who is not a
👍👍👍👍👍👍👍CPC not within Jurisdiction to Disallow Deduction u/s 80P of Income Tax Act: ITAT Allows West Bengal Cooperative Society’s Claim
Clipped from: https://www.taxscan.in/cpc-not-within-jurisdiction-to-disallow-deduction-u-s-80p-of-income-tax-act-itat-allows-west-bengal-cooperative-societys-claim/303261/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CPC%20not%20within%20Jurisdiction%20to%20Disallow%20Deduction%20u/s%2080P%20of%20Income%20Tax%20Act:%20ITAT%20Allows%20West%20Bengal%20Cooperative%20Society%27s%20Claim Top Stories The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the Central Processing Centre (CPC) was not within its jurisdiction
👍👍👍👍👍👍👍Taxability of Gift received by an individual or HUF with FAQs
https://taxguru.in/income-tax/taxability-of-gift.html Clipped from: https://taxguru.in/income-tax/taxability-of-gift.html Gifts received by individuals or HUFs can be subject to tax under certain conditions. This comprehensive guide explores the tax implications of
Read: Your queries: Income Tax; Tax on capital gain is payable as per date of transfer
https://www.financialexpress.com/money/income-tax/your-queries-income-tax-tax-on-capital-gain-is-payable-as-per-date-of-transfer/3182163/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
👍👍👍👍👍Reopening of assessment u/s 148 for mere change of opinion is unsustainable
https://taxguru.in/income-tax/re-opening-assessment-u-s-148-mere-change-opinion-unsustainable.html Clipped from: https://taxguru.in/income-tax/re-opening-assessment-u-s-148-mere-change-opinion-unsustainable.html Mukand Limited Vs Union of India (Bombay High Court) Bombay High Court held re-opening of assessment under section 148 of the Income
👍👍👍👍👍👍👍Non-Mentioning of These 5 Incomes May Attract Income Tax Notice: Know the Details
Clipped from: https://www.taxscan.in/non-mentioning-of-these-5-incomes-may-attract-income-tax-notice-know-the-details/302024/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Non-Mentioning%20of%20These%205%20Incomes%20May%20Attract%20Income%20Tax%20Notice:%20Know%20the%20Details Columns As the date for submitting Income Tax Returns (ITR) draws near, it is important to ensure that you submit your returns promptly. It is
India bans white rice exports forthwith to control price – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/agri-business/india-bans-white-rice-exports-with-immediate-effect/article67101659.ece Clipped from: https://www.thehindubusinessline.com/economy/agri-business/india-bans-white-rice-exports-with-immediate-effect/article67101659.ece CBOT rice futures gain over 1%; Govt’s hands forced by 23% rise in FY23 shipments despite curbs The Indian government on Thursday
Attrition rates in private banks jump to over 30% on increased competition – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/attrition-rates-in-private-banks-jump-to-over-30-on-increased-competition/article67102367.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/attrition-rates-in-private-banks-jump-to-over-30-on-increased-competition/article67102367.ece Most players such as Axis Bank, Kotak Mahindra Bank and HDFC Bank have reported an increase in the turnover rates Employee turnover
‘De-dollarisation’ pact with UAE, a good step – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/de-dollarisation-pact-with-uae-a-good-step/article67102013.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/de-dollarisation-pact-with-uae-a-good-step/article67102013.ece The UAE is India’s major trading partner and home to a large India Diaspora The Russia-Ukraine war and the resulting disruption in
