Tenant received Rs 1.38 crore worth of flats for surrendering tenancy rights for society’s redevelopment, he received income tax notice; Know how he won the case in ITAT Mumbai

Read more at:https://economictimes.indiatimes.com/wealth/tax/tenant-received-rs-1-38-crore-worth-of-flats-for-surrendering-tenancy-rights-for-societys-redevelopment-he-received-income-tax-notice-know-how-he-won-the-case-in-itat-mumbai/articleshow/134404510.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mr Devshichhadva, a tenant from Matunga, Mumbai got two flats in lieu of surrending his tenancy rights in a housing society

Estimating is not fudging: Decoding the needless jump from ‘GDP is estimated’ to ‘GDP can’t be trusted’

Read more at:https://economictimes.indiatimes.com/opinion/et-commentary/estimating-is-not-fudging-decoding-the-needless-jump-from-gdp-is-estimated-to-gdp-cant-be-trusted/articleshow/134417563.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Some non-experts contest India’s GDP data – such as the recent release of Q1 data for FY27 – because they themselves don’t

UPI–[1] Currency with public 12% of GDP–[2] CiC to GDP ratio would have been at least 2% higher in the absence of UPI- [3] UPI helped banks to notch up higher CASA [4] Cost of handling cash is said to be ₹ 20/30 per transaction [5] If currency with public rises even by 1% of GDP –due to UPI avoidance that would mean ₹3.5 trillion leakage out of bank deposits at current annual GDP [6] Article concludes — Monetary [policy] transmission works better when money stays as deposits rather than as cash -Courtesy BS

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