Clipped from: https://www.business-standard.com/world-news/eat-the-tariffs-donald-trump-tells-walmart-to-not-charge-shoppers-more-125051701270_1.html President Trump criticises Walmart for blaming tariffs on price hikes, urging the retailer to absorb the costs instead. ‘Walmart and China should ‘eat
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US remittance tax plan could impact Indian households, rupee: GTRI | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/us-remittance-tax-plan-may-hit-indian-households-rupee-gtri-125051800228_1.html The provision is part of a broader legislative package titled ‘The One Big Beautiful Bill’ introduced in the US House of Representatives on
US Treasury chief dismisses Moody’s downgrade amid Trump tax cut debate | World News – Business Standard
Clipped from: https://www.business-standard.com/world-news/us-treasury-chief-dismisses-moody-s-downgrade-amid-trump-tax-cut-debate-125051800685_1.html “I don’t put much credence in the Moody’s” downgrade, Bessent told CNN’s “State of the Union” program House Speaker Mike Johnson separately said
SC Quashes AY 15-16 Income Tax Reassessment Notices Post 1st April 2021
Clipped from: https://taxguru.in/income-tax/sc-quashes-ay-15-16-income-tax-reassessment-notices-post-1st-april-2021.html Deepak Steel And Power Limited Vs Central Board of Direct Taxes & Ors. (Supreme Court of India) Supreme Court of India has nullified
How to Claim Tax Deduction on Donation Under Income Tax Act,1961?
Clipped from: https://www.taxscan.in/how-to-claim-tax-deduction-on-donation-under-income-tax-act1961/416581/ Donating to charity is an act of serving society. The government extends its full support towards charitable services by providing tax deductions on
Bombay HC quashes Income Tax Notice Issued u/s 148 which was beyond the time period specified under statute
Clipped from: https://www.taxscan.in/bombay-hc-quashes-income-tax-notice-issued-u-s-148-which-was-beyond-the-time-period-specified-under-statute/517797/ In a recent case, the Bombay High Court has quashed the notice issued under section 148 of the Income Tax Act, 1961 which
Madras HC: GST Interest & Penalty Not Applicable on Reversed ITC Never Availed or Utilised from Date of Claim of ITC in ECRL
Clipped from: https://www.taxscan.in/gst-interest-penalty-not-applicable-on-reversed-itc-never-availed-or-utilised-from-date-of-claim-of-itc-in-ecrl-madras-hc/507596/?utm_source=signinbutton&utm_medium=txn&utm_campaign=checkoutsigninbtn The Madras High Court, in its recent ruling, favoured in favour of petitioner, ruling that the interest and penalty should not be imposed on the
Moody’s strips US of top credit rating amid soaring debt crisis – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/world/moodys-strips-us-of-top-credit-rating-amid-soaring-debt-crisis/article69585426.ece This makes Moody’s the third major credit rating agency to lower the federal government’s rating, following S&P in 2011 and Fitch in 2023.
US Supreme Court puts brakes on Trump’s deportation push using colonial-era law – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/us-supreme-court-puts-brakes-on-trumps-deportation-push-using-colonial-era-law/article69586244.ece President Trump criticised the decision, claiming it undermines efforts to expel criminals The U.S. Supreme Court on Friday blocked the Trump administration from
MCA likely to widen PM Internship Scheme beyond top 500 companies | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/mca-likely-to-widen-pm-internship-scheme-beyond-top-500-companies-125051601470_1.html The age for joining the scheme, according to sources, is also likely to be brought down to accommodate applicants coming from industrial training
Cyberwarfare signs: Govt on high alert, urges industry to boost security | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/cyberwarfare-signs-govt-on-high-alert-urges-industry-to-boost-security-125051601531_1.html Large groups, MSMEs asked to step up defences Some of these attacks were recorded using advanced and sophisticated spear-phishing campaigns using malware like
FY25 tax returns: Split capital gains based on sale date – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-fy25-tax-returns-split-capital-gains-based-on-sale-date-3847626/ FY25 ITR forms require taxpayers to split capital gains based on asset sale date—before or after July 23, 2024—due to tax rate changes.
Notice issued u/s. 143(2) without specifying type of scrutiny is invalid: ITAT Kolkata
Clipped from: https://taxguru.in/income-tax/notice-issued-u-s-143-2-type-scrutiny-invalid-itat-kolkata.html Hind Ceramics Pvt. Ltd. Vs DCIT (ITAT Kolkata) ITAT Kolkata held that notice issued u/s. 143(2) of the Income Tax Act without specifying
Google AI-powered accessibility features for Android, Chrome, more | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/google-brings-ai-powered-accessibility-features-for-android-chrome-more-125051600758_1.html Google’s new accessibility update will bring artificial intelligence based features like Expressive Captions, improved speech recognition, and new abilities for TalkBack New AI
MSMEs struggle with access to formal credit due to limited formalisation
Clipped from: https://www.business-standard.com/finance/news/msmes-struggle-with-access-to-formal-credit-due-to-limited-formalisation-125051600923_1.html Other factors such as information asymmetry, lack of comprehensive financial records, weak credit histories, and insufficient collateral contribute to this issue About 12
Don’t have Form 16? Here’s expert advice on how to file tax returns | Personal Finance – Business Standard
lipped from: https://www.business-standard.com/finance/personal-finance/don-t-have-form-16-here-s-expert-advice-on-how-to-file-tax-returns-125051601015_1.html Monthly salary slips of a financial year, annual income statements and Form 26AS among documents that can be used Form 16. Photo: Shutterstock
Income below tax slab? Filing an ITR still pays off in ways you didn’t know | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/income-below-tax-slab-filing-an-itr-still-pays-off-in-ways-you-didn-t-know-125051601049_1.html Filing an ITR isn’t just for paying taxes, it’s a powerful tool for building financial credibility, accessing loans, securing subsidies, and opening doors
Insurance on WhatsApp: How to buy and manage policies, claim settlements | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/insurance-on-whatsapp-how-to-buy-and-manage-policies-claim-settlements-125051601060_1.html Paperwork reduced and instant assistance assured on platform, say top insurance companies Photo: Bloomberg Listen to This Article WhatsApp serves various daily purposes:
Banks, NBFCs may need IT overhaul to meet RBI co-lending norms: Bankers | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/banks-nbfcs-must-upgrade-it-systems-for-rbi-co-lending-guidelines-125051601373_1.html Bankers say RBI’s co-lending draft norms may require significant IT upgrades and clarification on the CLM 2 model to ensure compliance and operational