Clipped from: https://www.business-standard.com/india-news/i-t-dept-cracks-down-on-bajaj-allianz-icici-prudential-amid-wider-probe-123042400681_1.html The Irdai has, effective April 1, removed separate limits for commissions and has imposed an overall ceiling on operating expenses and commissions The
Category: Study
👍👍👍RBI looks askance at co-lending arrangements
Clipped from: https://www.thehindubusinessline.com/todays-paper/2023-04-24/bl_chennai/articleGMJB57DAO-2764735.ece Hamsini Karthik Under the lens. With loans via this route zooming, concerns emerge over oversight After coming down heavily on the banks-fintechs partnerships,
👍👍👍👍👍👍👍How an Association of Persons will be taxed
Clipped from: https://taxguru.in/income-tax/association-persons-taxed.html Introduction An association of persons (AOP) , whether incorporated or not, is treated as a ‘person’ under section 2(31) of the Income-tax Act,
👍👍👍👍👍Amendment to Section 43B by Finance Act 2023 & its implication on business
Clipped from: https://taxguru.in/income-tax/amendment-section-43b-finance-act-2023-implication-business.html CA Mahesh Agarwal Through the Finance Act 2023 a new clause (h) has been added to Sec. 43B of the Income Tax Act and is
👍👍👍👍👍Courts shall not go strictly by the Rulebook to deny justice
Clipped from: https://www.taxscan.in/courts-shall-not-go-strictly-by-the-rulebook-to-deny-justice-to-deserving-litigant-as-it-would-lead-to-miscarriage-of-justice-itat/270859/ Courts shall not go strictly by the Rulebook to deny Justice to Deserving Litigant as it would lead to Miscarriage of Justice: ITAT
👍👍👍👍👍Indian MSMEs need a unified credit market to bridge the Rs 25 lakh crore credit gap – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/indian-msmes-need-a-unified-credit-market-to-bridge-the-rs-25-lakh-crore-credit-gap-377442-2023-04-14 The current Indian debt market suffers from three major problems which impact enterprises significantly: high cost of capital, high cost of servicing, and
👍👍👍👍👍There’s been a creeping erosion of central bank authority globally – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/theres-been-a-creeping-erosion-of-central-bank-authority-globally/article66770561.ece They were supposed to be the controlling authorities but, instead, are very much the controlled authorities now What’s the biggest but seemingly unsolvable
👍👍👍👍👍Save the planet by slashing food waste – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/save-the-planet-by-slashing-food-waste/article66764704.ece Saving food. Food losses and wastes contribute 8-10 per cent of the world’s greenhouse gas emissions, besides adding to food insecurity Every year
The runway for mortgage finance in the country is immense: Deepak Parekh
Clipped from: https://www.business-standard.com/companies/news/the-runway-for-mortgage-finance-in-the-country-is-immense-deepak-parekh-123042200394_1.html “Urbanisation in India is an irreversible trend. Currently 32 per cent of the population reside in cities and this is expected to be
👍India is emerging as a hub for complex, high-end surgeries, treatment
Clipped from: https://www.business-standard.com/industry/news/india-emerges-as-a-hub-for-complex-high-end-surgeries-123042300310_1.html India is not only performing complex surgeries but is also setting new standards of care prompting more and more people to travel to
👍Google halts 80-acre San Jose campus due to economic slowdown: Report
Clipped from: https://www.business-standard.com/world-news/google-s-halts-80-acre-san-jose-campus-due-to-economic-slowdown-report-123042300362_1.html Google has no plans to revive the project in the near future Photo: Bloomberg Listen to This Article Google has stopped the construction
👍👍👍No section 271B penalty for not getting Account Audited due to health issues
Clipped from: https://taxguru.in/income-tax/section-271b-penalty-account-audited-due-health-issues.html Suryavathi Gandiboina Vs ACIT (ITAT Hyderabad) A perusal of the various details filed by the assessee shows that the assessee was not keeping
👍Section 143(3) order invalid if Passed without Issuing Section 143(2) notice
Clipped from: https://taxguru.in/income-tax/section-1433-order-invalid-passed-issuing-section-1432-notice.html Manjit Kaur Vs ITO (ITAT Chandigarh) ITAT held that the assessment order is bad in law for the reason that the assessing authority
👍Rs. 20000 Limit under section 269SS & 269T is person wise
Clipped from: https://taxguru.in/income-tax/rs-20000-limit-section-269ss-269t-person-wise.html Shri Deepak Mata Vs JCIT (ITAT Jaipur) Bench found that the plain reading of both the Sections denotes that Section 269SS is attracted
👍👍👍👍👍👍👍Registration Under GST – Who Must Register
Clipped from: https://taxguru.in/goods-and-service-tax/registration-gst-register.html GST (GOODS & SERVICES TAX) is applicable in India from 01/07/2017, under the supervision of our honorable prime minister Mr Narendra Modi. GST replaced other
👍👍👍👍👍Addition u/s. 68 merely based on SMS or WhatsApp messages without corroborative evidence unsustained
Clipped from: https://taxguru.in/income-tax/addition-u-s-68-based-sms-whatsapp-messages-corroborative-evidence-unsustained.html Atul Tantia Vs DCIT (ITAT Kolkata) ITAT Kolkata held that addition towards undisclosed income u/s 68 of the Income Tax Act merely based
👍👍👍👍👍👍👍Section 18: Availability of Input Tax Credit Under Special Circumstances
Clipped from: https://taxguru.in/goods-and-service-tax/section-18-availability-input-tax-credit-special-circumstances.html What does Section 18 say: Section 18 of the CGST ACT 2017 talks about the Input Tax Credit availability under special circumstances such as in
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