Read More: https://www.taxscan.in/cbdt-issues-income-tax-return-validation-rules-for-itr-1-itr-2-and-itr-4-for-ay-2023-24/282585/ Clipped from: https://www.taxscan.in/cbdt-issues-income-tax-return-validation-rules-for-itr-1-itr-2-and-itr-4-for-ay-2023-24/282585/ The Central Board of Direct Taxes has issued income tax returns validation rules for ITR-1, ITR-2 and ITR-4 for the Assessment Year 2023-2024.
Category: Study
FinMin implements e-Appeals scheme to reduce pending appeals and streamline disposal process
https://www.thehindubusinessline.com/economy/policy/finmin-notifies-scheme-to-deploy-100-joint-commissioner-level-officers-to-dispose-small-it-appeals/article66911823.ece Clipped from: https://www.thehindubusinessline.com/economy/policy/finmin-notifies-scheme-to-deploy-100-joint-commissioner-level-officers-to-dispose-small-it-appeals/article66911823.ece The scheme establishes the role of Joint Commissioner of Income-tax (Appeals) to handle small appeals and certain orders In order to reduce
RBI sure of India’s growth, but stresses on reforms sustaining – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/rbi-sure-of-indias-growth-but-stresses-on-reforms-sustaining/article66911062.ece Clipped from: https://www.thehindubusinessline.com/economy/rbi-sure-of-indias-growth-but-stresses-on-reforms-sustaining/article66911062.ece Central bank sees FY24 GDP growth at 6.5%; flags uninspiring global outlook India’s growth momentum is likely to be sustained in 2023-24
If banks are into window dressing, RBI should act
https://www.thehindubusinessline.com/opinion/editorial/editorial-if-banks-are-into-window-dressing-rbi-should-act/article66908447.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/editorial-if-banks-are-into-window-dressing-rbi-should-act/article66908447.ece If banks are using methods such as entering into structured deals with a stressed borrower to conceal the bad loan, the RBI
Organs, tissue for transplantation can be carried by metro now
https://www.thehindubusinessline.com/news/organs-tissue-for-transplantation-can-be-carried-by-metro-now/article66910684.ece Clipped from: https://www.thehindubusinessline.com/news/organs-tissue-for-transplantation-can-be-carried-by-metro-now/article66910684.ece The Metro Railways (Carriage and Ticket) Rules, 2014, have been amended to allow transportation of human organs or tissues or both for
e-Rupee yet to take off in a big way – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/e-rupee-yet-to-take-off-in-a-big-way/article66911436.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/e-rupee-yet-to-take-off-in-a-big-way/article66911436.ece Total e-Re in circulation stood at ₹16.39 crore in FY23 After five months since the launch of central bank digital currency –
RBI plans new payment system to tackle disruption
https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-plans-new-payment-system-to-safeguard-essential-payments-against-digital-attack-natural-calamities/articleshow/100616716.cms Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-plans-new-payment-system-to-safeguard-essential-payments-against-digital-attack-natural-calamities/articleshow/100616716.cms Synopsis In its annual report 2023-23, RBI has mentioned conceptualising this new lightweight and portable payment system that can be operated from
ONDC set to launch an Academy to train network partners
https://www.thehindubusinessline.com/economy/ondc-set-to-launch-an-academy-to-train-network-partners/article66881271.ece lipped from: https://www.thehindubusinessline.com/economy/ondc-set-to-launch-an-academy-to-train-network-partners/article66881271.ece The course modules are being designed by the internal team, which is who are currently handholding network participants to get onboard ONDC
Denial of ITC on inter-state transfer of duty-free goods unfair
https://www.business-standard.com/industry/sme/chatroom-denial-of-itc-on-inter-state-transfer-of-duty-free-goods-unfair-123052900519_1.html?code=NTM4OTU9MTIzMDUyOTAwNTE5 Clipped from: https://www.business-standard.com/industry/sme/chatroom-denial-of-itc-on-inter-state-transfer-of-duty-free-goods-unfair-123052900519_1.html?code=NTM4OTU9MTIzMDUyOTAwNTE5 ‘The testing requirement will apply for exports to all countries, without exception’ Photo: Bloomberg Listen to This Article Q. We want to
FinMin urges PSBs to settle small debt defaults by taking haircuts
https://www.business-standard.com/economy/news/finmin-encourages-psbs-to-settle-small-debt-defaults-by-taking-haircuts-123052900830_1.html Clipped from: https://www.business-standard.com/economy/news/finmin-encourages-psbs-to-settle-small-debt-defaults-by-taking-haircuts-123052900830_1.html Says this would enable in reduction of pending cases at DRTs and enhance recovery for banks The delay in the disposal of
👍👍👍👍👍👍👍18% GST Payable on Open car parking sale
https://taxguru.in/goods-and-service-tax/18-gst-payable-open-car-parking-sale.html Clipped from: https://taxguru.in/goods-and-service-tax/18-gst-payable-open-car-parking-sale.html In re Eden Real Estates Private Limited (AAAR GST West Bengal) Whether the services provided by the applicant for right to use
👍👍👍👍👍👍👍How to file ITR 4 for small businessman and professionals in online mode
https://taxguru.in/income-tax/file-itr-4-small-businessman-professionals-online-mode.html Clipped from: https://taxguru.in/income-tax/file-itr-4-small-businessman-professionals-online-mode.html Tax compliance can often be a complex and time-consuming process, especially for small businesses and professionals. However, the Indian government has introduced
👍👍👍👍👍👍👍Understanding Reverse Charge Mechanism (RCM) Under GST
https://taxguru.in/goods-and-service-tax/understanding-reverse-charge-mechanism-rcm-gst.html Clipped from: https://taxguru.in/goods-and-service-tax/understanding-reverse-charge-mechanism-rcm-gst.html Introduction The implementation of the Goods and Services Tax (GST) in India brought significant changes to the taxation system, including the introduction
Addition of loan Amount as Outstanding Balance without Proper Evidence and Documents: ITAT directs AO to Re-adjudicate
Clipped from: https://www.taxscan.in/addition-of-loan-amount-as-outstanding-balance-without-proper-evidence-and-documents-itat-directs-ao-to-re-adjudicate-read-order/281886/ The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer to re-adjudicate the case regarding the addition of a loan amount
RBI governor warns bank boards against overaggressive growth, evergreening
https://www.business-standard.com/finance/news/rbi-governor-warns-bank-boards-against-overaggressive-growth-evergreening-123052900344_1.html Clipped from: https://www.business-standard.com/finance/news/rbi-governor-warns-bank-boards-against-overaggressive-growth-evergreening-123052900344_1.html Gaps in governance of certain banks has potential to cause some degree of volatility, he says Listen to This Article Reserve Bank
Sameness of interest v joint complaint–well explained by National Commission –Courtesy Business Standard
Sameness of interest v Joint complaint–difference well explained
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