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Clipped from: https://www.taxscan.in/capital-gain-exemption-u-s-54-cannot-be-denied-based-on-inadvertent-and-bonafide-typographical-error-itat/279957/ Top Stories The Lucknow Bench of Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under Section 54 of the Income Tax could not

Clipped from: https://www.thehindubusinessline.com/opinion/withdrawal-of-2000-note-a-prudent-step/article66881795.ece With preference for digital payments rising and keeping in view its clean note policy, the RBI’s move is well-calibrated The RBI, on May

Clipped from: https://www.financialexpress.com/money/high-value-notes-prone-to-be-misused-finance-secretary/3097950/ Rs 2,000 notes were introduced for a temporary purpose, says finance secretary TV Somanathan There is a long-term benefit of reducing illegal and

Read More: https://www.taxscan.in/adjustment-against-bad-and-doubtful-debts-amounts-to-actual-writing-off-of-bad-debts-itat/278440/ Clipped from: https://www.taxscan.in/adjustment-against-bad-and-doubtful-debts-amounts-to-actual-writing-off-of-bad-debts-itat/278440/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Adjustment%20Against%20Bad%20and%20Doubtful%20Debts%20Amounts%20to%20Actual%20Writing%20Off%20of%20Bad%20Debts:%20ITAT The Income Tax Appellate Tribunal (ITAT) of Ahmedabad bench has held that adjustment against bad and doubtful debts amounts to actual writing off

Clipped from: https://www.business-standard.com/opinion/editorial/consolidation-demands-123052100857_1.html The fiscal picture could get complex Photo: Bloomberg Listen to This Article The Reserve Bank of India (RBI) board last week decided to

Read More: https://www.taxscan.in/provisional-attachment-of-bank-account-ceases-after-1-year-expiry-delhi-hc-directs-bank-to-operate-account-as-attachment-order-no-longer-operative/278680/ Clipped from: https://www.taxscan.in/provisional-attachment-of-bank-account-ceases-after-1-year-expiry-delhi-hc-directs-bank-to-operate-account-as-attachment-order-no-longer-operative/278680/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Provisional%20Attachment%20of%20Bank%20Account%20Ceases%20after%201%20year%20Expiry:%20Delhi%20HC%20directs%20bank%20to%20operate%20account%20as%20attachment%20order%20no%20longer%20operative A Division Bench of the Delhi High Court considered the case while relying on section 83(2) of the Central Goods and Services

Clipped from: https://www.taxscan.in/non-resident-assessee-not-required-to-disclose-any-asset-held-outside-india-in-return-of-income-filed-in-india-itat-quashes-re-assessment-order/279487/

Read More: https://www.taxscan.in/gstn-to-integrate-with-account-aggregator-system-before-july-1-2023/279994/ Clipped from: https://www.taxscan.in/gstn-to-integrate-with-account-aggregator-system-before-july-1-2023/279994/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=GSTN%20to%20Integrate%20with%20Account%20Aggregator%20System%20before%20July%201,%202023 The Goods and Services Tax Network (GSTN) is all set to integrate with the Account Aggregator (AA) system, a financial data-sharing

Clipped from: https://www.business-standard.com/companies/interviews/companies-are-not-protesting-against-google-due-to-fear-matrimony-com-ceo-123052100515_1.html In a Q&A, Murugavel Janakiraman, talks about the Google battle, evolution of the Indian marriage market after Covid, and his company’s roadmap for

Clipped from: https://www.business-standard.com/opinion/columns/from-inclusive-banking-to-inclusive-insurance-123052100411_1.html As insurance penetration deepens, India will have a decent pool of long-term funds to support infrastructure building and the government’s borrowing programme, easing

Clipped from: https://www.business-standard.com/finance/news/banks-tighten-rules-around-lending-money-to-airlines-after-go-air-crisis-123051600446_1.html Repeated company failures dent the entire aviation industry’s creditworthiness, the chief financial officer of an airline said Listen to This Article Indian airlines

Clipped from: https://www.business-standard.com/finance/news/provide-adequate-infra-at-branches-for-rs-2-000-note-exchange-rbi-to-banks-123052200301_1.html RBI governor Shaktikanta Das said that after September 30, the further decision will be taken based on the number of notes deposited Listen

Clipped from: https://www.business-standard.com/opinion/columns/the-end-of-decoupling-123052100867_1.html A more nuanced vision of the future of supply chains and economic security has emerged from the G7 summit Illustration: Ajay Mohanty Central

Clipped from: https://www.business-standard.com/markets/news/us-recession-imminent-time-to-book-profits-says-bofa-securities-123052100563_1.html The brokerage says that with markets currently near their peaks, it “leaves room for correction with the onset of a recession in the

Clipped from: https://www.business-standard.com/industry/banking/rbi-to-brainstorm-with-public-sector-banks-directors-on-governance-123052100660_1.html Topics would cover supervision, enhancing governance and enforcing regulations; role of board in governance and RBI’s expectations on governance by banks are likely