Clipped from: https://taxguru.in/finance/cbdts-selects-68000-cases-fy-2019-20-e-verification.html CBDT’s e-Verification Scheme harnesses information technology to facilitate voluntary compliance On a pilot basis information of financial transactions pertaining to 68,000 cases from
👍👍👍👍👍👍👍SVB’s collapse calls for a fresh look at regulations – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/svbs-collapse-calls-for-a-fresh-look-at-regulations/article66611219.ece The SVB crisis highlights that in a scenario of rapidly rising rates, banks’ investment books need an equal degree of scrutiny and stress-testing
👍👍👍👍👍👍👍What led to SVB failure and its impact on India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/what-led-to-svb-failure-and-its-impact-on-india/article66610352.ece Second order impact on India seems limited but it’s a wait and watch situation A man puts a sign on the door of
–To cover mental illness, buy health insurance policy offering OPD coverage | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/to-cover-mental-illness-buy-health-insurance-policy-offering-opd-coverage-123031001206_1.html Industry regulator nudging companies to underwrite policies that include people with mental illnesses The Insurance Regulatory and Development Authority of India (IRDAI) has taken a
👍👍👍👍👍👍👍Perhaps it is time for India to introduce tort law and punitive damages | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/strengthening-public-liability-insurance-123031200930_1.html Those who cause bodily harm, property damage, or financial loss to others on their premises or due to their operations should be liable
👍👍👍👍👍👍👍Settlement Commission looks to raise awareness through FAQs | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/settlement-commission-looks-to-raise-awareness-through-faqs-123031200958_1.html Where the taxpayers are doubtful on whether they will be penalized, it makes sense to opt for settlement and get a quick closure.
🙏🙏🙏🙏🙏Start-up Y Combinator estimates 100,000 jobs at risk due to SVB collapse | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/y-combinator-estimates-100-000-jobs-at-risk-due-to-sv-bank-collapse-123031200709_1.html The petition seeks attention of the government to provide relief for the immediate impact the SVB collapse has on small businesses, startups and
🙏🙏🙏🙏🙏🙏🙏Inflation expected to come down over the year: RBI MPC member Ashima Goyal | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/inflation-expected-to-come-down-over-the-year-rbi-mpc-member-ashima-goyal-123031200261_1.html Goyal said that India has successfully dealt with ‘pluri-shocks’ over the past three years, showing considerable resilience Inflation is expected to come down over
🙏🙏🙏🙏🙏🙏🙏Searchable database for unclaimed shares needed | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/searchable-database-for-unclaimed-shares-needed-123031200877_1.html A publicly available transparent database would increase the chances of genuine claimants finding out and making their claims, thus reducing the chances of
🙏🙏🙏🙏🙏🙏🙏A good night’s sleep for both banks and Reserve Bank | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-good-night-s-sleep-both-for-banks-and-reserve-bank-123031200509_1.html Believe it or not, the regulator is even stretching its arm to identify stressed borrowers and gauge the “distance to default” as a
👍👍👍👍👍👍👍Account aggregator framework set to change dynamics in retail finance scene | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/account-aggregator-framework-set-to-change-dynamics-in-retail-finance-scene-123031200685_1.html The AA framework is creating a huge marketplace – based on customers’ consent for sharing data – for all manner of financial vendors
🙏🙏🙏🙏🙏No federal bailout for Silicon Valley Bank: US Treasury Secy Janet Yellen | Business Standard News
Clipped from: https://www.business-standard.com/article/international/us-treasury-secy-yellen-says-no-federal-bailout-for-silicon-valley-bank-123031200710_1.html Yellen tried to reassure Americans that there will be no domino effect after the collapse of Silicon Valley Bank Treasury Secretary Janet Yellen said Sunday
👍👍👍👍👍Little impact of SVB failure seen on macro-economy, say govt officials | Business Standard News
lipped from: https://www.business-standard.com/article/finance/see-negligible-impact-from-svb-bank-failure-say-govt-officials-123031200744_1.html Startup sector may be face liquidity issues; exposure of Indian banks to SVB yet to be ascertained The implosion of California-based lender Silicon
–No deemed rent addition for property which is not habitable
Clipped from: https://taxguru.in/income-tax/deemed-rent-addition-property-habitable.html Manindra Mohan Mazumdar Vs ACIT (ITAT Kolkata) CIT(A) while dealing with the assessee’s appeal casually dealt with the issue and in the finding
–Section 153C Assessments based on Invalid Notices are liable to be quashed
Clipped from: https://taxguru.in/income-tax/section-153c-assessments-based-invalid-notices-liable-quashed.html Malik Network & Computer P. Ltd. Vs ITO (ITAT Delhi) One of the controversies in the present case arises towards computation of limitation
–Allowability of depreciation on Buildings/Godowns Used by Co-op Society who claims section 80P deduction
Clipped from: https://taxguru.in/income-tax/allowability-depreciation-buildings-godowns-used-co-op-society-claims-section-80p-deduction.html M.P. State Cooperative Marketing Federation Ltd. Vs ACIT (ITAT Indore) ITAT held that it was unable to verify certain facts relevant to the
👍👍👍👍👍👍👍Fate of section 148 Notices for AY 2013-14 and AY 2014-15 still hanging
Clipped from: https://taxguru.in/income-tax/fate-section-148-notices-ay-2013-14-ay-2014-15-hanging.html Objective The Author in this article discusses the differing views taken by two high courts (exactly opposing views) on the question of limitation as to
👍Link PAN with Aadhaar by March 31: SEBI direction to Investors
Clipped from: https://taxguru.in/sebi/link-pan-aadhaar-march-31-sebi-direction-investors.html Linking of PAN with Aadhaar to be done by March 31, 2023 HOW TO LINK PAN WITH AADHAAR Enter the OTP received on
👍SVB’s auction block includes VC-focused lender, wealth unit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/business/svbs-auction-block-includes-vc-focused-lender-wealth-unit/articleshow/98567560.cms Synopsis Major banks are likely to at least explore purchasing SVB businesses given their manageable size and the attractive client base of tech
👍Nearly 60 YC-backed Indian startups have deposits stuck in Silicon Valley Bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/nearly-60-yc-backed-indian-startups-have-deposits-stuck-in-silicon-valley-bank/articleshow/98568604.cms Synopsis These particularly include startups backed by the famed Silicon Valley accelerator Y Combinator (YC). At least 40 YC-backed Indian startups have $250,000
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