Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/fall-in-india-nominal-gdp-growth-in-fy24-to-challenge-fiscal-math/articleshow/96855109.cms Synopsis Nominal GDP growth, which includes inflation, is the benchmark used to estimate tax collections in the upcoming budget to be presented on
Category: Study
CBIC constitutes Customs, Central Excise & Service Tax Settlement Commission to Settle Tax Notices*******
lipped from: https://www.taxscan.in/cbic-constitutes-customs-central-excise-service-tax-settlement-commission-to-settle-tax-notices/237696/ The Central Board of Indirect Taxes and Customs (CBIC) has constituted the much-awaited Customs, Central Excise & Service Tax Settlement Commission to resolve and settle
Delay in filing of TDS Return due to Lack of Professional Assistance is Mere ‘Technical Breach’: ITAT deletes Income Tax Penalty*****
Clipped from: https://www.taxscan.in/delay-in-filing-of-tds-return-due-to-lack-of-professional-assistance-is-mere-technical-breach-itat-deletes-income-tax-penalty/237566/ The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the delay in the filing of TDS returns due to lack of
Interest Income not to be assessed When Assessee is Non-Resident: ITAT*****
Clipped from: https://taxguru.in/income-tax/interest-income-assessed-assessee-non-resident-itat.html JCIT (OSD)(IT) Vs Rahul Rajnikant Parikh (ITAT Mumbai) Interest income need not to be assessed when assessee is a Non-resident The Income Tax
Ease of doing business is not just Centre’s responsibility: FM – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/ease-of-doing-business-is-not-just-centres-responsibility-fm/article66352984.ece Nirmala Sitharaman said States, municipalities and even panchayats need to chip in Finance Minster Nirmala Sitharaman at an event in Kota, Rajasthan Finance
Managing bottomlines without losing sight of patient needs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/pulse/managing-bottomlines-without-losing-sight-of-patient-needs/article66346814.ece Recent acquisitions are raising concerns on public health priorities of financial institutions As the industry balances its act between an evolving Covid-19 situation
State Bank is changing its business model, quietly | Business Standard Column*****
lipped from: https://www.business-standard.com/article/opinion/state-bank-changing-its-business-model-quietly-123010800429_1.html Going beyond corporate loans, SBI is getting into vendor financing as well as supply chain and cluster financing, the buzzwords of banking these
Fiscal focus | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/fiscal-focus-123010800720_1.html Govt must aim for faster consolidation The National Statistical Office last week released the first advance estimates of national income for the ongoing
Budget should avoid subsidies and protection to biz | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/budget-should-avoid-subsidies-and-protection-to-biz-123010800765_1.html Subsidies and tax concessions are not the best ways to boost our production and exports in the medium and long term One of
Economists peg India’s FY24 growth at 6% after advance estimates | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/after-fy23-first-advance-estimates-economists-see-6-growth-in-fy24-123010800621_1.html Say expectations of easing inflation levels, good rabi output will be supportive of domestic demand Following the FY23 gross domestic product (GDP) advance
Indian taxpayers: Budget has to fix Indian taxpayers’ nagging dispute management issue for real – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/budget-has-to-fix-indian-taxpayers-nagging-dispute-management-issue-for-real/articleshow/96808764.cms Synopsis Union Budget 2023: The multiple initiatives announced clearly reflect the government’s intent to address the malaise. However, on-the-ground experience shows that the
RCM applicability on Residential dwelling under GST*****
Clipped from: https://taxguru.in/goods-and-service-tax/rcm-applicability-residential-dwelling-gst.html As per Notification No. 05/2022- Central Tax (Rate) Dated: 13th July, 2022 issued by GST council which has came into effect from 18th July, 2022,
MahaRERA: Non-negotiable clauses in agreement for sale to be executed with allottees -Reg.
Clipped from: https://taxguru.in/corporate-law/maharera-non-negotiable-clauses-agreement-sale-executed-allottees-reg.html MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY Order No. 38/2022 No. MahaRERA/Secy/File No.27/744/2022Date: 13/12/2022 Sub: In the matter of non-negotiable clauses in the agreement for
SC direction to honour insurance contract which met prescribed conditions
Clipped from: https://taxguru.in/corporate-law/sc-direction-honour-insurance-contract-met-prescribed-conditions.html Gokal Chand (D) Thr. Lrs. Vs Axis Bank Ltd. (Supreme Court of India) Whether an insurance company even after receiving the insurance premium,
4 things you must know about Loan Against Property – Check lowest interest rates | The Financial Express
Clipped from: https://www.financialexpress.com/money/4-things-you-must-know-about-loan-against-property-check-lowest-interest-rates/2939166/ You can use your property to generate funds, repay the same loan with interest, and get your property papers back. It is a
CIT(A) can’t disallow Deduction claimed u/s 80P(2)(d) When Assessee filed Independent Auditor’s Report under Maharashtra Co-operative Societies Act: ITAT [Read Order]*******
Read More: https://www.taxscan.in/cita-cant-disallow-deduction-claimed-u-s-80p2d-when-assessee-filed-independent-auditors-report-under-maharashtra-co-operative-societies-act-itat/236907/ Clipped from: https://www.taxscan.in/cita-cant-disallow-deduction-claimed-u-s-80p2d-when-assessee-filed-independent-auditors-report-under-maharashtra-co-operative-societies-act-itat/236907/ The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that CIT(A) can’t disallow deduction claimed u/s 80P(2)(d) of the Income Tax Act,1961
IMF bullish on Indian economy despite signals of global downturn | Business Standard News*****
Clipped from: https://www.business-standard.com/article/economy-policy/imf-bullish-on-indian-economy-despite-signals-of-global-downturn-123010700165_1.html IMF has shown optimism about the Indian economy, suggesting that real GDP is expected to grow at 6.8 per cent in the current
Is Google weaponising due process by challenging CCI ruling? – The Hindu BusinessLine*
Clipped from: https://www.thehindubusinessline.com/info-tech/google-weaponising-due-process-making-sensational-allegations-in-challenging-cci-ruling/article66349427.ece Copy pasting allegation by Google against CCI a gimmick to divert attention, say Competition law experts Tech giant Google seems to be betting
Date of service and not dispatch is to be considered for period of limitation
lipped from: https://taxguru.in/excise-duty/date-service-dispatch-considered-period-limitation.html Shree Cement Limited Vs Commissioner Central Excise & CGST (CESTAT Delhi) CESTAT Delhi held that period of limitation should be calculated from the
High Court rules on Advance Payment to claim section 54 Exemption***
Clipped from: https://taxguru.in/income-tax/high-court-rules-advance-payment-claim-section-54-exemption.html Madras High Court in Moturi Lakshmi vs ITO in Tax Case Appeal No.181 Of 2019 on 17 August 2020 issued its decision that where an
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