With the National Democratic Alliance (NDA) government completing its five-year term and elections under way, it is a good time to outline what should be some of
I-T crackdown: Over 100,000, mostly HNIs, come under lens for AY12-13 | Business Standard News
Taxman will identify cases based on data profiling and reporting of taxpayers Over 100,000 taxpayers across the country, particularly high networth individuals, have come under
UP RERA directs banks to strictly comply with escrow account provisions | Business Standard News
Cracking the whip against diversion of funds by unscrupulous builders from ongoing realty projects, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has directed commercial banks
RP moves NCLT for extension of Asian Colour Coated Ispat deadline | Business Standard News
Sole bidder JSW Steel’s Rs 1,200 crore offer for downstream company, Asian Colour Coated Ispat Limited, may be under a cloud, as the resolution professional and the
India’s crony capitalism claims another victim | Business Standard News
The verdict is a serious blow to the central bank’s officials, who have been trying to tackle one of the world’s worst bad debt problems
Time to repeal law on sedition – The Hindu BusinessLine
Treating any random act of indiscretion as seditious has no place in a democracy The propensity of elected governments to trample individual freedoms has been
From July 1, insurers to provide claim tracking mechanism – The Hindu BusinessLine
Access to credit is not the same as enabling a credit card, according to Brett King, acclaimed influencer in financial services, Co-Founder and CEO of
Income Tax Dept looking at IBC resolution cases for possible tax violations – NEWS – The Hindu BusinessLine
The Income Tax Department has sought details of the status and identification of creditors and debtors under the Insolvency and Bankruptcy Code (IBC) to investigate
5.6 lakh housing units worth Rs 4.51 lakh cr facing delays in 7 major cities: Anarock – The Hindu BusinessLine
Around 5.6 lakh housing units, worth Rs 4.5 lakh crore in seven major cities are running behind the delivery timelines mainly due to demand slowdown
‘PSB recapitalisation and resolution of stressed assets under IBC to improve bank credit offtake’ – MONEY & BANKING – The Hindu BusinessLine
Recapitalisation of public sector banks (PSBs), the ongoing improvement in their financials, and resolution of stressed assets under the Insolvency and Bankruptcy Code are expected
ITR 1 filing: ITR-1 for FY2018-19 asks for interest income break-up from tax payers–Economic Times
In the previous year’s ITR-1 form, the taxpayers were asked to provide an aggregate amount of income from other sources received by them. This year
RBI should introspect if it was responsible for slowdown of India’s economic growth: Piyush Goyal – The Economic Times
India’s railways and coal minister Piyush Goyal said the country’s central bank should review its policies and “introspect” to check if they contributed to the slowdown of
Karnataka to physically verify GST payers – The Economic Times
Karnataka commercial taxes department has directed physical verification of registered taxpayers under goods and services tax (GST) to ascertain their credentials, potentially starting ‘inspector raj’ in the new
ITR forms for FY18-19 notified: Ask for days of residency, unlisted shares holding | Income Tax Return Forms
Usually most people use either ITR-1 or ITR-2 to file their return. New income tax return forms for the last financial year 2018-19 have been
A gist of Congress’ ‘Theoretical’ GST–Economic Times
The Congress election manifesto has called for a ‘single, moderate, standard rate’ of goods and services tax (GST). It might have theoretical appeal, but can
GST on a firmer footing – The Hindu BusinessLine
With the month of March seeing Goods and Services Tax (GST) rake in its highest mop-up since its inception, the new tax regime has ended
Investors in unlisted firms can’t file ITR-1, ITR-4 forms, says CBDT | Business Standard News
Directors and people with investments in unlisted companies and start-ups will now have to make extensive disclosures in the new income-tax return (ITR) forms, according
Income tax: Taxmen use rare law to collect dues directly from bank accounts of evaders–Economic Times
Garnishee proceedings mainly refer to a situation where income tax officer gets a right to attach or collect money from anyone who owes money to
arvind panagariya: Under-employment, not unemployment, is India’s big problem: Arvind Panagariya – The Economic Times
People are doing very low productivity jobs and that gives them relatively low wages, low living standards and therefore poverty. This is where we need
SC quashing Reserve Bank circular not to dilute the insolvency law, says government official – The Economic Times
The Supreme Court’s decision to quash the RBI circular on referring defaulting companies for insolvency proceedings does not in any manner dilute the Insolvency and Bankruptcy Code
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