Clipped from: https://taxguru.in/income-tax/income-tax-addition-based-doubt-suspicion-sustainable.html Narender Kumar Vs ITO (ITAT Delhi) Undisputedly, in course of assessment proceeding, the assessee had explained the source of cash deposits in the
Acknowledging a debt through an entry in the balance sheet – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/business-laws/acknowledging-a-debt-through-an-entry-in-the-balance-sheet/article66326708.ece Limitation Act is applicable to insolvency code, but more clarity is needed Corporate debtors need to be aware of the implication of every
China economic activity worsens in Dec 2022 as Covid spreads – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/china-economic-activity-worsens-in-dec-2022-as-covid-spreads/article66329102.ece Manufacturing PMI gauges measuring output, new orders and employment all contracted in Dec at a faster pace than the month before People wait
Why you should buy the NBCC stock – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/stock-fundamental-analysis-india/why-you-should-buy-the-nbcc-stock/article66316779.ece The Navratna PSU, currently trading at ₹38.80 per share, can shine as pace of delivery picks up on its large order book Many
Economic stress tests | Business Standard Editorials***
Clipped from: https://www.business-standard.com/article/opinion/external-sector-remains-a-source-of-risk-123010100677_1.html External sector remains a source of risk Some of the numbers reported in the Reserve Bank of India’s (RBI’s) Financial Stability Report (FSR)
Kochhargate: A litmus test for CBI | Business Standard Column*
Clipped from: https://www.business-standard.com/article/opinion/kochhargate-a-litmus-test-for-cbi-123010100231_1.html The country’s premier investigative agency’s record in probing complex financial misdeeds is not exactly immaculate Last week, a special court remanded former MD
Expect bold changes in the year 2023 | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/expect-bold-changes-in-the-year-2023-123010100490_1.html India is making rapid strides in the area of digital banking, meeting the expectations of a digitally agile customer base in the information
UPI processes record 7.82 bn transactions in December, ends 2022 on a high | Business Standard News***
lipped from: https://www.business-standard.com/article/finance/upi-processes-record-7-82-bn-transactions-in-december-ends-2022-on-a-high-123010100141_1.html In the calendar year 2022, UPI processed over 74 billion transactions, worth Rs 125.94 trillion, NPCI data showed India’s flagship payment platform, the Unified
Is it time for state-run banks to end industry-wide wage pacts? | Business Standard News***
Clipped from: https://www.business-standard.com/article/finance/is-it-time-for-state-run-banks-to-end-industry-wide-wage-pacts-123010100550_1.html While there is still a large talent pool in state-run banks, the reality is that it may not walk in as in the
Outbound travel picks up, India remains top source for several countries | Business Standard News*
Clipped from: https://www.business-standard.com/article/economy-policy/outbound-travel-picks-up-india-remains-top-source-for-several-countries-123010100106_1.html Travel from India increased significantly after resumption of direct flights in March, Turkiye Tourism Board said, with destination weddings contributing to arrivals While
Corporate tax collection to GDP ratio exceeds 3% after two years in FY’22 | Business Standard News*
Clipped from: https://www.business-standard.com/article/economy-policy/corporate-tax-collection-to-gdp-ratio-exceeds-3-after-two-years-in-fy-22-123010100074_1.html However, the corporate tax collection is yet to surpass its five-year high of 3.51 per cent of GDP recorded in 2018-19 Corporate tax
PM’s vision for 2023 is mobile phone exports of Rs 1 trn: R Chandrasekhar | Business Standard News***
Clipped from: https://www.business-standard.com/article/economy-policy/pm-s-vision-for-2023-is-mobile-phone-exports-of-rs-1-trn-r-chandrasekhar-123010100351_1.html PM Modi’s vision for 2023 is to have mobile phone exports with the segment featuring in the top 10 export category from India,
Digital economy poised for strong 2023, says MoS IT Rajeev Chandrasekhar | Business Standard News***
Clipped from: https://www.business-standard.com/article/economy-policy/digital-economy-poised-for-strong-2023-says-mos-it-rajeev-chandrasekhar-123010100429_1.html India’s digital prowess will grow in 2023 and over the next five years, driven by technology, start ups, semiconductors, electronics and computing, IT
Demand to exploration: Key warning signals for India’s gas industry in 2023 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/demand-to-exploration-key-warning-signals-for-india-s-gas-industry-in-2023-123010100557_1.html Consumers will be in trouble, given rising European demand from India’s traditional suppliers, the absence of gas storage facilities and the lack of
GST mop-up about Rs 1.5 trillion in Dec, third-highest ever: FinMin data | Business Standard News*
Clipped from: https://www.business-standard.com/article/economy-policy/gst-mop-up-about-rs-1-5-trillion-in-dec-third-highest-ever-finmin-data-123010100431_1.html Gross goods and services tax (GST) collection for December rang up over Rs 1.49 trillion, the data released by the finance ministry showed. This is
Domestic passenger vehicles sales up 23% to record of 3.79 mn units in 2022 | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/domestic-passenger-vehicles-sales-up-23-to-record-of-3-79-mn-units-in-2022-123010100390_1.html Domestic passenger vehicles sales rose by 23 per cent to a record of 3.79 mn units in 2022 led by the likes of
Tata group remains the top business group; Adani shines the brightest | Business Standard News*
lipped from: https://www.business-standard.com/article/companies/tata-at-top-in-cy22-but-adani-group-biggest-gainer-with-104-rise-in-mcap-123010100566_1.html Seven out of top 10 family owned business group saw a decline in their market cap in CY22 The Tata group remained India’s top business
Rupee least misaligned in face of global spillovers: BI Guv Das – The Hindu BusinessLine*****
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rupee-is-the-least-misaligned-in-the-face-of-tsunamis-of-global-spillovers-rbi-guv-das/article66086875.ece ‘Fundamental factors that drive the exchange rate have also moved distinctly in India’s favour since 2013’ Reserve Bank of India (RBI) Governor Shaktikanta
Is MPC responsible for inflation? – The Hindu BusinessLine*****
Clipped from: https://www.thehindubusinessline.com/opinion/is-mpc-responsible-for-inflation/article66082948.ece Inflation blues. Given the myriad domestic and global causes of price rise, monetary tools have limited play The announcement of an MPC meeting
Income Tax Dept reiterates disallowing expenses given to doctors by pharma companies – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/economy/income-tax-dept-reiterates-disallowing-expenses-given-to-doctors-by-pharma-companies/article66103098.ece Provisions of Finance Act 2022 explain that claim of any expense incurred in providing benefits is in violation of Indian Medical Council Regulations
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