Clipped from: https://economictimes.indiatimes.com/news/economy/policy/loss-in-foreign-exchange-on-external-commercial-borrowing-can-be-capitalised-tax-tribunal/articleshow/79444505.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The tax department had argued that the forex loss is notional and cannot be capitalised. The tribunal held that such mark to market
SC directs govt to implement its decision to forego interest on eight categories of loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/sc-directs-govt-to-implement-its-decision-to-forego-interest-on-eight-categories-of-loans/articleshow/79446057.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The eight categories of loans are MSME (Micro, Small & Medium Enterprises), Education, Housing, Consumer durable, Credit card, Automobile, Personal and Consumption. NEW
RBI has set precedence in LVB bond write-off, will hurt other banks: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-has-set-precedence-in-lvb-bond-write-off-will-hurt-other-banks-report/articleshow/79446013.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis During the Yes Bank rescue earlier this year also, there was an over Rs 7,000-crore bond write-off, but that involved a different instrument
Adani tops DHFL bid, says its bid gives maximum to lenders; rivals want it out of race – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/adani-tops-dhfl-bid-says-its-bid-gives-maximum-to-lenders-rivals-want-it-out-of-race/articleshow/79446899.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis Adani Group, which had initially bid only for DHFL’s wholesale and Slum Rehabilitation Authority (SRA) portfolio, in the revised offer submitted on November
India steps up efforts to draw neighbors closer to counter China – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/defence/india-steps-up-efforts-to-draw-neighbors-closer-to-counter-china/articleshow/79443486.cmsSynopsis India has found it hard to match Chinese investments in infrastructure and security in smaller South Asian nations over the last decade, but
online festive sales: Flipkart and Amazon corner 88% share of festive online sales: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/flipkart-and-amazon-corner-88-share-of-festive-online-sales-report/articleshow/79434884.cmsSynopsis Pandemic woos new shoppers from small cities, offline retail slump helps e-commerce, the report said. Online marketplaces Flipkart Group and Amazon recorded combined sales of nearly $7.3
Q2 GDP shows India officially in recession but sequential improvement points to an economy on the mend – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/q2-gdp-shows-india-officially-in-recession-but-sequential-improvement-points-to-an-economy-on-the-mend/articleshow/79447729.cmsSynopsis The surprise was thrown by good performance by the manufacturing sector that showed marginal growth in the second quarter. However, the private consumption
gst: Gujarat High Court to relook at GST on intermediaries – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gujarat-high-court-to-relook-at-gst-on-intermediaries/articleshow/78765013.cmsSynopsis The Gujarat High Court in July had held that supply of services by intermediaries outside India is not an export and that 18%
Fiscal Rectitude Can Mean Larger Deficit–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/fiscal-rectitude-can-mean-larger-deficit/ The Reserve Bank of India governor Shaktikanta Das is right to seek a roadmap to fiscal prudence. Persistent high fiscal deficits can cause
ITR filing guide | Income tax return filing: Here’s your step by step guide–Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-return-filing-heres-your-step-by-step-guide/articleshow/69968042.cmsSynopsis Filing your income tax return before the deadline i.e. November 30, 2020, for FY 2019-20 offers certain tax benefits. These benefits include carry
ITR 1 filing online: How to file ITR-1 online | Step by Step guide to file ITR1–economic times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-file-itr-1-online/articleshow/69441344.cmsIt is important that you pick the right form to file your income tax return (ITR). This is because if you use the wrong form then
interest loan waiver scheme: Who is eligible for compound interest waiver during moratorium and how much will be the benefit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/who-is-eligible-for-compound-interest-waiver-during-moratorium-and-how-much-will-be-the-benefit/articleshow/78843816.cmsSynopsis The central government had earlier filed an affidavit in the Supreme Court stating that it would waive interest on interest on loans up
Hazy disclosures, vague reasons: how auditor exits continue to play with investor confidence – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/hazy-disclosures-vague-reasons-how-auditor-exits-continue-to-play-with-investor-confidence/primearticleshow/78858518.cms SynopsisNearly three dozen listed companies have seen auditor resignations this year. One of those cases, the UPL fiasco, highlights how patchy and insufficient
Indians rush to downgrade applications for path to faster green card – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/visa-and-immigration/indians-rush-to-downgrade-applications-for-path-to-faster-green-card/articleshow/78859993.cms Synopsis—The downgrade petition comes with its own risks as preference is given to applicants under higher categories, but many are willing to take
Hitting where it hurts: The Hindu editorial on U.S. B-1 business visa curbs – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/hitting-where-it-hurts-the-hindu-editorial-on-us-b-1-business-visa-curbs/article32932898.ece As the U.S. election nears, work visas have become policy targets for the White House The Trump administration has once again tightened the
MSMEs in a fix over CBDT’s recent circular – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/msmes-in-a-fix-over-cbdts-recent-circular/article32755156.ece The guidelines have been issued with immediate effect In the name of simplifying procedures and removing certain difficulties in the system, the Government
Need cautious approach in further IBC suspension extension beyond December 25: SBI MD – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/need-cautious-approach-in-further-ibc-suspension-extension-beyond-december-25-sbi-md/article32936473.ece IBC suspension beyond December 25 may give an impression that borrowers are fundamentally weak State Bank of India (SBI), the country’s largest commercial
Due date for filing GST annual return for FY19 extended till December 31 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/due-date-for-filing-gst-annual-return-for-fy19-extended-till-december-31/article32936212.ece?homepage=true Goods & Services Tax (GST) assesses will have some relief as the Finance Ministry on Saturday had again extended the date for filing
Beware, the numbers can be deceptive – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/beware-the-numbers-can-be-deceptive/article32931359.ece?homepage=true Many high-frequency economic indicators are looking good, but must sustain beyond the unlock period, too There has been a sudden surge of optimism
GST: Trading of fake invoices unearthed, reveals Rs 52.19-cr fraud in input tax credit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/gst-trading-of-fake-invoices-unearthed-reveals-rs-5219-cr-fraud-in-input-tax-credit/article32940608.ece?homepage=true The Pune zonal unit of the Directorate-General of GST Intelligence (DGGI) has unearthed trading of fake invoices and arrested one person in this
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