Clipped from: https://www.taxscan.in/excess-stock-and-excess-cash-found-during-survey-proceedings-are-recorded-in-books-of-account-itat-upholds-surrendered-income-as-business-income/300751/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Excess%20Stock%20and%20Excess%20Cash%20found%20during%20Survey%20Proceedings%20are%20recorded%20in%20Books%20of%20Account:%20ITAT%20Upholds%20surrendered%20income%20as%20Business%20Income By Aparna. M – On July 17, 2023 5:30 pm – 2 mins read The Income Tax Appellate Tribunal (ITAT) Pune Bench while upholding the business income which surrendered after the
👍👍👍👍👍RBI to issue SOP for banks to expedite rupee trade – The Hindu
https://www.thehindu.com/business/rbi-to-issue-sop-for-banks-to-expedite-rupee-trade/article67090992.ece Clipped from: https://www.thehindu.com/business/rbi-to-issue-sop-for-banks-to-expedite-rupee-trade/article67090992.ece NEW DELHI, 29/04/2016: For Index/ Archives—- Indian Rupee is ruling 20 months high against US Dollar, US Dollars being counted, in New
👍👍👍👍👍Eye on Emirati flows: on the new India-UAE framework and rupee-dirham transactions – The Hindu
https://www.thehindu.com/opinion/editorial/eye-on-emirati-flows-on-the-new-india-uae-framework-and-rupee-dirham-transactions/article67090751.ece lipped from: https://www.thehindu.com/opinion/editorial/eye-on-emirati-flows-on-the-new-india-uae-framework-and-rupee-dirham-transactions/article67090751.ece There are both risks and benefits in the rupee-dirham settlement system The Reserve Bank of India (RBI) and the Central Bank of the
78% of India’s handmade MSMEs struggle to access working capital, hindering cultural economy growth: Report | The Financial Express
https://www.financialexpress.com/industry/sme/msme-fin-78-of-indias-handmade-msmes-struggle-to-access-working-capital-hindering-cultural-economy-growth-report/3174788/ Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-78-of-indias-handmade-msmes-struggle-to-access-working-capital-hindering-cultural-economy-growth-report/3174788/ Credit and Finance for MSMEs: A financial literacy gap has emerged as another key barrier to financing. Fifty-five per cent of HCMs
How to regulate Artificial Intelligence | The Financial Express
https://www.financialexpress.com/opinion/how-to-regulate-artificial-intelligence/3175059/ lipped from: https://www.financialexpress.com/opinion/how-to-regulate-artificial-intelligence/3175059/ Optimal AI governance would call for striking a careful balance between innovation and protecting peoples’ rights. Countries can take a cue from
👍👍👍👍👍👍👍RBI showcases frictionless digital loans in minutes to farmers | The Financial Express
https://www.financialexpress.com/industry/banking-finance/rbi-showcases-frictionless-digital-loans-in-minutes-to-farmers/3175084/ lipped from: https://www.financialexpress.com/industry/banking-finance/rbi-showcases-frictionless-digital-loans-in-minutes-to-farmers/3175084/ Working on more such tech platforms for digital loans to MSME, personal loans “The digitalization of processes was substantially reducing operational expenses
PM Modi’s visit to France bolsters ties with a crucial Western ally – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/pm-modis-visit-to-france-bolsters-ties-with-a-crucial-western-ally/article67091233.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/pm-modis-visit-to-france-bolsters-ties-with-a-crucial-western-ally/article67091233.ece Partnerships in key strategic realms were sealed It is no coincidence that Prime Minister Narendra Modi was accorded France’s most prestigious honour
Misplaced interest
https://www.business-standard.com/opinion/editorial/misplaced-interest-123071701073_1.html lipped from: https://www.business-standard.com/opinion/editorial/misplaced-interest-123071701073_1.html Govt equity in chip design firms is impractical Listen to This Article The government’s efforts to stimulate a domestic semiconductor industry are
Jack Welch, retrospective ‘villain’
https://www.business-standard.com/book/jack-welch-retrospective-villain-123071701036_1.html Clipped from: https://www.business-standard.com/book/jack-welch-retrospective-villain-123071701036_1.html GE’s iconic former CEO’s revered status has been tarnished in recent years, and David Gelles book is the latest attempt to blame
Maximising Rewards: How to prevent expiry of credit card reward points | The Financial Express
https://www.financialexpress.com/money/maximising-rewards-how-to-prevent-expiry-of-credit-card-reward-points/3172967/ Clipped from: https://www.financialexpress.com/money/maximising-rewards-how-to-prevent-expiry-of-credit-card-reward-points/3172967/ Let’s learn some valuable insights about how to avoid the expiration of credit card reward points, ensuring you make the most of
Dollar’s worst drop since November and what it means for global economies and financial markets | The Financial Express
https://www.financialexpress.com/business/investing-abroad-dollars-worst-drop-since-november-and-what-it-means-for-global-economies-and-financial-markets-3174812/ Clipped from: https://www.financialexpress.com/business/investing-abroad-dollars-worst-drop-since-november-and-what-it-means-for-global-economies-and-financial-markets-3174812/ The US currency is teetering at the lowest level in more than a year. X It just may have been the week
India’s real GDP needs to grow at 7.6% over next 25 years for it to become a developed country: RBI bulletin – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/indias-real-gdp-needs-to-grow-at-76-over-next-25-years-for-it-to-become-a-developed-country-rbi-bulletin/article67090911.ece Clipped from: https://www.thehindubusinessline.com/economy/indias-real-gdp-needs-to-grow-at-76-over-next-25-years-for-it-to-become-a-developed-country-rbi-bulletin/article67090911.ece To become a developed country by 2047, India’s per capita GDP needs to rise by 8.8 times from the current level of
Bank branches are irreplaceable – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/bank-branches-are-irreplaceable/article67091055.ece Clipped from: https://www.thehindubusinessline.com/opinion/bank-branches-are-irreplaceable/article67091055.ece Branch visits are required for specialised products, big-ticket/jewel loans, resolving complaints, et al On July 19, 1969, the then government, headed by
👍👍👍👍👍Reopening untenable in absence of tangible material concluding that income has escaped assessment
https://taxguru.in/income-tax/reopening-untenable-absence-tangible-material-concluding-income-escaped-assessment.html Clipped from: https://taxguru.in/income-tax/reopening-untenable-absence-tangible-material-concluding-income-escaped-assessment.html Maharashtra State Power Generation Company Limited Vs ACIT (Bombay High Court) Bombay High Court held that reopening of assessment, in the exercise
👍👍👍👍👍👍👍Measures for GST streamlining compliances: 50th GST Council Meeting
https://taxguru.in/goods-and-service-tax/measures-gst-streamlining-compliances-50th-gst-council-meeting.html Clipped from: https://taxguru.in/goods-and-service-tax/measures-gst-streamlining-compliances-50th-gst-council-meeting.html Measures for streamlining compliances in GST GST Council meetings hit the half-century on 11 July 2023. Various recommendations were made in the 50th GST
👍👍👍👍👍👍👍GST Refund on Export based on FOB value: A Partial Settlement!
https://taxguru.in/goods-and-service-tax/gst-refund-export-based-fob-partial-settlement.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-refund-export-based-fob-partial-settlement.html The 50th Meeting of the GST Council was held on 11th July, 2023 in New Delhi, under the chairpersonship of the Union Finance & Corporate Affairs
Once income is shown the assessee has every right to get credit of TDS
https://taxguru.in/income-tax/income-shown-assessee-credit-tds.html Clipped from: https://taxguru.in/income-tax/income-shown-assessee-credit-tds.html BAE Systems Information & Electronic Systems Integration Inc Vs ADIT (ITAT Delhi) ITAT Delhi held that if the assessee has shown the
Initiation of demand of tax u/s 74 not mandatorily require scrutiny of GST return
https://taxguru.in/goods-and-service-tax/initiation-demand-tax-u-s-74-mandatorily-based-scrutiny-return.html Clipped from: https://taxguru.in/goods-and-service-tax/initiation-demand-tax-u-s-74-mandatorily-based-scrutiny-return.html Devi Traders Vs State of Andhra Pradesh (Andhra Pradesh High Court) Andhra Pradesh High Court held that initiation of demand of tax
👍👍👍👍👍👍👍GST on services exported but consideration not received
https://taxguru.in/goods-and-service-tax/gst-services-exported-consideration-received.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-services-exported-consideration-received.html From time to time, the Indian government comes up with numerous schemes and incentives for exporters in order to enhance the market
👍👍👍👍👍👍👍Section 194N TDS on Cash Withdrawal: Applicability, TDS Rate & Provisions
https://taxguru.in/income-tax/section-194n-tds-cash-withdrawal-applicability-tds-rate-provisions.html Clipped from: https://taxguru.in/income-tax/section-194n-tds-cash-withdrawal-applicability-tds-rate-provisions.html Section 194N is a provision in the Income Tax Act that deals with the deduction of tax from cash withdrawals. It was
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