Clipped from: https://taxguru.in/corporate-law/notice-creditors-admitting-ibc-section-10-application-mandatory.html In re Go Airlines (India) Limited (NCLT Delhi) Hon’ble National Company Law Tribunal (NCLT), Principal Bench, New Delhi in the matter of Go
GST: FinMin lowers e-invoicing threshold to ₹5 crore from August 1 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gst-finmin-lowers-e-invoicing-threshold-to-5-crore-from-august-1/article66837529.ece Currently, businesses with turnover of ₹10 crore and above are required to generate e-invoice for all B2B transactions The Finance Ministry has issued
ITAT quashes Ex-parte Order due to Non-Service of Notice, grants Assessee Opportunity of Hearing
Read More: https://www.taxscan.in/itat-quashes-ex-parte-order-due-to-non-service-of-notice-grants-assessee-opportunity-of-hearing/276690/ Clipped from: https://www.taxscan.in/itat-quashes-ex-parte-order-due-to-non-service-of-notice-grants-assessee-opportunity-of-hearing/276690/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=ITAT%20quashes%20Ex-parte%20Order%20due%20to%20Non-Service%20of%20Notice,%20grants%20Assessee%20Opportunity%20of%20Hearing Top Stories The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) recently quashed an ex-parte order due to the non-service of notice
👍👍👍👍👍👍👍Section 80P(2)(d) Deduction eligible to co-op societies on interest from Co-op Banks
Clipped from: https://taxguru.in/income-tax/section-80p2d-deduction-eligible-co-op-societies-interest-co-op-banks.html Manila Sahayak Gruh Udyogsaha Vs ACIT (ITAT Ahmedabad) There is no dispute that Panchmahal District Co-operative Bank Limited and Dahod Urban Co-operative Bank
👍👍👍👍👍👍👍Credit society eligible for section 80P(2)(a)(i) deduction on interest on surplus funds with Union Bank
Clipped from: https://taxguru.in/income-tax/credit-society-eligible-section-80p2ai-deduction-interest-surplus-funds-union-bank.html Ghatkesar Farmers Service Cooperative Society Limited Vs ITO (ITAT Hyderabad) ITAT held that assessee being a primary agricultural co-operative society invested the own
No obligation to deduct section 194H TDS if commission not debited to Profit & Loss Account
Clipped from: https://taxguru.in/income-tax/obligation-deduct-section-194h-tds-commission-debited-profit-loss-account.html Ketan Sahebrao Purkar Vs ITO (ITAT Pune) The issue involved in the present appeal is whether on the facts and circumstances of the
👍👍👍👍👍👍👍Income Tax on Non-Resident Indians who sell House Property in INDIA
Clipped from: https://taxguru.in/income-tax/income-tax-non-resident-indians-sell-house-property-india.html Capital Gains Tax applies if Non-Residents sell any House Property in India. The Tax is payable on gains depending on whether it is
👍👍👍👍👍Demand of extended period not sustainable If no suppression of facts
Clipped from: https://taxguru.in/excise-duty/demand-extended-period-sustainable-suppression-facts.html C.C.E.-Ahmedabad Vs Quippo Energy Pvt Limited (CESTAT Ahmedabad) CESTAT held that since there is no suppression of fact, demand of extended period is
TDS not deductible on Foregone Salary & Employee cannot claim credit
Clipped from: https://taxguru.in/income-tax/tds-deductible-foregone-salary-employee-claim-credit.html Rajeshwera Rao Peri Vs CIT (TDS) (ITAT Delhi) The facts in brief are that the appellant was working as Ex-Chief Manager, Oriental Bank
Attachment of Bank Account: Calcutta HC directs Assistant Commissioner of Revenue to file Affidavit-in-Opposition
Read More: https://www.taxscan.in/attachment-of-bank-account-calcutta-hc-directs-assistant-commissioner-of-revenue-to-file-affidavit-in-opposition/276020/ Clipped from: https://www.taxscan.in/attachment-of-bank-account-calcutta-hc-directs-assistant-commissioner-of-revenue-to-file-affidavit-in-opposition/276020/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Attachment%20of%20Bank%20Account:%20Calcutta%20HC%20directs%20Assistant%20Commissioner%20of%20Revenue%20to%20file%20Affidavit-in-Opposition Top Stories In a recent decision the Calcutta High Court directed the Assistant Commissioner of Revenue to file affidavit-in-opposition in the
Use cost-effective, accessible group term cover to boost coverage
Clipped from: https://www.business-standard.com/finance/personal-finance/use-cost-effective-accessible-group-term-cover-to-boost-coverage-123050900906_1.html However, supplement this plan with an individual term policy for enhanced security Photo: Shutterstock Listen to This Article Bajaj Allianz Life Insurance Company
Zomato Shares sink 6% after rival food delivery aggregator Swiggy markdown
Clipped from: https://www.business-standard.com/companies/news/zomato-shares-sink-6-after-rival-food-delivery-aggregator-swiggy-markdown-123050900847_1.html Zomato ended the session at Rs 60.94 (BSE), valuing the food delivery company at Rs 52,281 crore Listen to This Article Shares of
Centre to come up with creditor-led insolvency resolution framework: Report
Clipped from: https://www.business-standard.com/economy/news/centre-to-come-up-with-creditor-led-insolvency-resolution-framework-report-123050900171_1.html The creditors and debtors will be allowed to reach an informal agreement to resolve the bankruptcy case and later approach the NCLT to
Apollo Tyres Q4 profit jumps 4-fold on lower rubber costs, strong demand
Clipped from: https://www.business-standard.com/companies/results/apollo-tyres-beats-q4-profit-view-on-lower-rubber-costs-strong-demand-123050900995_1.html Apollo also recommended a final dividend of Rs 4 per share Listen to This Article Indian tyre maker Apollo Tyres Ltd. reported a
Swingy, Zomato may not offer steep discounts after govt-owned ONDC move
Clipped from: https://www.business-standard.com/companies/news/swiggy-zomato-may-partner-with-ondc-instead-of-getting-into-a-price-war-123050800905_1.html E-food delivery majors may instead partner the govt network Meanwhile, ONDC is not the only firm that’s gearing up for a fight Online
Roads, traffic and GDP
Clipped from: https://www.business-standard.com/opinion/columns/roads-traffic-and-gdp-123050801088_1.html Addressing the problem of slow and chaotic traffic movement could enhance productivity and welfare in India Listen to This Article We are all
The tap still left open
Clipped from: https://www.business-standard.com/opinion/columns/the-tap-still-left-open-123050801087_1.html Continuing fiscal laxity in the US means monetary policy must do more of the inflation fighting, increasing risks of financial accidents Illustration: Binay
Layoffs 2023: Edtech firm Cuemath lays off 100 employees; founder returns as CEO
Clipped from: https://www.business-standard.com/companies/news/google-backed-tutoring-platform-cuemath-gives-pink-slips-to-100-employees-123050800474_1.html Edtech companies laying off employees to conserve cash and focus on profitability Listen to This Article Cuemath, the online math tutor, is laying
