https://www.business-standard.com/industry/banking/non-performing-advances-of-public-sector-banks-at-multi-year-lows-123070701020_1.html Clipped from: https://www.business-standard.com/industry/banking/non-performing-advances-of-public-sector-banks-at-multi-year-lows-123070701020_1.html The closing stock of write-off pool stood at Rs 7.5 trillion at the end of March 2023, up from Rs 6.8 trillion
👍👍👍👍👍👍👍No addition can be made on Immovable Property purchased out of Gifts received from Relatives: ITAT directs Re-adjudication
Clipped from: https://www.taxscan.in/no-addition-can-be-made-on-immovable-property-purchased-out-of-gifts-received-from-relatives-itat-directs-re-adjudication-read-order/296643/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20addition%20can%20be%20made%20on%20Immovable%20Property%20purchased%20out%20of%20Gifts%20received%20from%20Relatives:%20ITAT%20directs%20Re-adjudication By Aparna. M – On July 8, 2023 1:30 pm – 2 mins read The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) ruled that no addition could
Reporting frauds: Don’t get swayed by legal opinion of cos, NFRA cautions auditors – The Hindu BusinessLine
https://www.thehindubusinessline.com/companies/reporting-frauds-dont-get-swayed-by-legal-opinion-of-cos-nfra-cautions-auditors/article67056954.ece Clipped from: https://www.thehindubusinessline.com/companies/reporting-frauds-dont-get-swayed-by-legal-opinion-of-cos-nfra-cautions-auditors/article67056954.ece National Financial Reporting Authority has urged statutory auditors of listed entities and large private entities to exercise “professional scepticism” while evaluating frauds
GST officers bust 304 syndicates involving Rs 25k cr fake ITC claims
https://www.business-standard.com/finance/personal-finance/gst-officers-bust-304-syndicates-involving-rs-25k-cr-fake-itc-claims-123070100411_1.html lipped from: https://www.business-standard.com/finance/personal-finance/gst-officers-bust-304-syndicates-involving-rs-25k-cr-fake-itc-claims-123070100411_1.html The chief of the Central Board of Indirect Taxes and Customs (CBIC) flagged that only 40 per cent of the corporate income
Two lakh ‘unused’ Green Cards to be ‘recaptured’! What exactly is Biden doing? Critical details here | The Financial Express
https://www.financialexpress.com/jobs/two-lakh-unused-green-cards-to-be-recaptured-what-exactly-is-biden-doing-critical-details-here/3161202/ Clipped from: https://www.financialexpress.com/jobs/two-lakh-unused-green-cards-to-be-recaptured-what-exactly-is-biden-doing-critical-details-here/3161202/ The move will provide relief to individuals who have been waiting for their Green Cards in backlogs. For those unaware, a Green
I-T dept has taken many initiatives to ensure ease of compliance: Official
https://www.business-standard.com/finance/personal-finance/i-t-dept-has-taken-many-initiatives-to-ensure-ease-of-compliance-official-123070800042_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/i-t-dept-has-taken-many-initiatives-to-ensure-ease-of-compliance-official-123070800042_1.html Principal Chief Commissioner of Income Tax, Andhra Pradesh and Telangana, Mita Madhusmita was addressing a press conference on the ‘Issue of Suspicious
gst on cancer drug: GST Council likely to exempt IGST on cancer drug import, fix 5% tax on refreshments served in multiplex – The Economic Times
https://economictimes.indiatimes.com/news/economy/policy/gst-council-likely-to-exempt-igst-on-cancer-drug-import-fix-5-tax-on-refreshments-served-in-multiplex/articleshow/101553225.cms Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-council-likely-to-exempt-igst-on-cancer-drug-import-fix-5-tax-on-refreshments-served-in-multiplex/articleshow/101553225.cms Synopsis Besides, import of medicines and Food for Special Medical Purposes (FSMP) used in the treatment of rare diseases for personal use
Stricter tax regime for tobacco, pan masala could be in phases
https://www.business-standard.com/economy/news/gst-council-to-review-stricter-tax-regime-for-pan-masala-tobacco-in-phases-123070700787_1.html Clipped from: https://www.business-standard.com/economy/news/gst-council-to-review-stricter-tax-regime-for-pan-masala-tobacco-in-phases-123070700787_1.html No consensus yet on retail sale price-based levy on some items However, it couldn’t be ascertained whether the issues cited are with
Simply Put: E-verification – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-e-verification/article67052720.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-e-verification/article67052720.ece Verification of return is an essential step to complete the ITR filing process Balaji and Rohit catch up after a long while.
‘Rapid adoption of Account Aggregator network signals new era in financial inclusion, especially for MSMEs’ | The Financial Express
https://www.financialexpress.com/industry/sme/msme-eodb-rapid-adoption-of-account-aggregator-network-signals-new-era-in-financial-inclusion-especially-for-msmes/3140625/ Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-rapid-adoption-of-account-aggregator-network-signals-new-era-in-financial-inclusion-especially-for-msmes/3140625/ Ease of doing business for MSMEs: While there is rapid growth with the AA network, the key challenge here especially for the
‘Rapid adoption of Account Aggregator network signals new era in financial inclusion, especially for MSMEs’ | The Financial Express
https://www.financialexpress.com/industry/sme/msme-eodb-rapid-adoption-of-account-aggregator-network-signals-new-era-in-financial-inclusion-especially-for-msmes/3140625/ lipped from: https://www.financialexpress.com/industry/sme/msme-eodb-rapid-adoption-of-account-aggregator-network-signals-new-era-in-financial-inclusion-especially-for-msmes/3140625/ Ease of doing business for MSMEs: While there is rapid growth with the AA network, the key challenge here especially for the
Satin Creditcare aims at Rs 1,000-crore MSME book
https://www.financialexpress.com/industry/sme/satin-creditcare-aims-at-rs-1000-crore-msme-book/3159601/ Clipped from: https://www.financialexpress.com/industry/sme/satin-creditcare-aims-at-rs-1000-crore-msme-book/3159601/ Satin Creditcare had a consolidated assets under management of Rs 9,115 crore as on March 31 and expects to grow its overall
Financial regulators should prepare against cyber attacks – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/financial-regulators-should-prepare-against-cyber-attacks/article67050321.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/financial-regulators-should-prepare-against-cyber-attacks/article67050321.ece SEBI’s move to review rules on cyber surveillance is welcome With stock trading, communications, data storage and all auxiliary processes moving to
Universal e-invoice an ideal situation but difficult to set a timeframe, says CBIC Chief Vivek Johri – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/universal-e-invoice-an-ideal-situation-but-difficult-to-set-a-timeframe-says-cbic-chief-vivek-johri/article67049772.ece Clipped from: https://www.thehindubusinessline.com/economy/universal-e-invoice-an-ideal-situation-but-difficult-to-set-a-timeframe-says-cbic-chief-vivek-johri/article67049772.ece In an interview with businessline, Vivk Johri, Chairman of CBIC, says rate rationalisation exercise is “challenging” especially when collection is good Vivk
Harness the export potential of horticultural sector – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/harness-the-export-potential-of-horticultural-sector/article67050181.ece Clipped from: https://www.thehindubusinessline.com/opinion/harness-the-export-potential-of-horticultural-sector/article67050181.ece Improving agri-infrastructure, focusing on food processing, promoting co-operatives and complying with international standards are some of the ways to move ahead According
FM asks bank chiefs to step up rural credit flow, focus on small and marginal farmers – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/fm-asks-bank-chiefs-to-step-up-rural-credit-flow-focus-on-small-and-marginal-farmers/article67050101.ece Clipped from: https://www.thehindubusinessline.com/economy/fm-asks-bank-chiefs-to-step-up-rural-credit-flow-focus-on-small-and-marginal-farmers/article67050101.ece Also advises banks to meet the credit needs of street vendors; banks must also meet sub-categories targets of priority sector lending, says
aniltikotekar4sme.com 