Clipped from: https://taxguru.in/income-tax/interest-capital-accounts-partners-calculated-actual-duration-basis.html Savla Agencies Vs JCIT (ITAT Allahabad) ITAT Allahabad held that the interests on the credit balance in the capital account of the partners
👍👍👍👍👍Assessee not required to establish that debt has become irrecoverable for writing off bad debts
Clipped from: https://taxguru.in/income-tax/assessee-required-establish-debt-irrecoverable-writing-bad-debts.html Sohanraj Khimraj Kothari Vs JCIT (ITAT Bangalore) ITAT Bangalore held that it is not necessary for assessee to establish that the debt, in
What will it cost central banks to beat inflation? | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/what-will-it-cost-central-banks-to-beat-inflation-1197624.html Recent data suggests that the fight against inflation is far from over, and that a few more hikes may be necessary to accelerate
Apple approves ChatGPT-driven app – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/apple-approves-chatgpt-driven-app-report/article66586350.ece Apple earlier expressed concerns regarding the use of ChatGPT Apple has approved an AI chatbot-driven app called BlueMail following assurances from its developers that
Why laminate sector must be in the PLI ambit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-laminate-sector-must-be-in-the-pli-ambit/article66584524.ece This move will help boost exports from the sector Laminate sector: Huge export potential | Photo Credit: UNKNOWN The Covid pandemic exposed the
Insurers grapple with policy pricing, design as IRDAI mandates mental health, HIV cover – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/insurers-grapple-with-policy-pricing-design-as-irdai-mandates-mental-health-hiv-cover/article66583769.ece The regulatory authority’s circular has left some gaps in operational metrics of the cover owing to the lack of precedence and sufficient information
Inspection & supervision: RBI dons new clothes | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/inspection-supervision-rbi-dons-new-clothes-123030500489_1.html The Reserve Bank has not changed the objectives of supervision but how it supervises the system. And, the change is dramatic He looked
New export strategy must be a result of introspection | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/new-export-strategy-must-be-a-result-of-introspection-123030500708_1.html The 2015 Foreign Trade Policy Statement said that the government aims to increase India’s exports of merchandise and services from $465.9 billion in
Regulatory independence | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/regulatory-independence-123030500776_1.html Courts should not worry about financial market volatility The Supreme Court has put the Securities and Exchange Board of India (Sebi) in a difficult spot.
Kotak Mahindra Bank to create vertical for mid-market firms | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/kotak-mahindra-bank-to-create-vertical-for-mid-market-firms-123030500860_1.html “The bank is also upping its focus on the structured finance offerings, whose contribution in the overall wholesale book is in low single-digits
Atmanirbhar push: Rs 7,000-cr PLI boost for toys, bicycle components soon | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rs-7-000-crore-pli-scheme-boost-for-toys-bicycle-components-soon-123030500496_1.html Commerce and Industry Minister Piyush Goyal had said the finance ministry regularly keeps allocating money for PLI The government has finalised two new
👍👍👍👍👍How To Handle Inheritance Issues on the Death of a Parent/ Spouse? — Moneylife Digital Team 26 February 2021
How To Handle Inheritance Issues on the Death of a Parent/ Spouse? Moneylife Digital Team 26 February 2021 1 PERSONAL
👍👍👍👍👍AO must give TDS credit on furnishing of TDS certificate by Assessee despite mismatch with NSDL data
Clipped from: https://taxguru.in/income-tax/ao-tds-credit-furnishing-tds-certificate-assessee-despite-mismatch-nsdl-data.html Machine Tools India Ltd. Vs ACIT (ITAT Kolkata) CBDT has issued instruction from time to time to the AO’s qua the manner of
👍👍👍👍👍Additions cannot be made merely on the basis of Form 26AS
Clipped from: https://taxguru.in/income-tax/additions-basis-form-26as.html Sureshkumar K Kataria Vs DCIT (ITAT Rajkot) ITAT notes that there was mismatch in the gross income reported by the assessee viz a
👍Validity of Second notice issued under Section 148 of Income Tax Act without disposing return filed to first notice
Clipped from: https://taxguru.in/income-tax/validity-second-notice-issued-section-148-income-tax-act-disposing-return-filed-first-notice.html Messrs. Elite Pharmaceuticals And Anr Vs ITO (Calcutta High Court) A short question of law involved in this writ petition is that whether
👍👍👍👍👍Income Tax- What is New Provision of 43B For Micro & Small Enterprises
Clipped from: https://taxguru.in/income-tax/income-tax-provision-43b-micro-small-enterprises.html In order to promote timely payments to “Micro and Small Enterprises” In Budget- 2023, it is proposed to include payments made to such enterprises
👍👍👍👍👍Addition to difference in Stock as per Books and Valuation Report can’t be made without Credible Evidence: ITAT
Clipped from: https://www.taxscan.in/addition-to-difference-in-stock-as-per-books-and-valuation-report-cant-be-made-without-credible-evidence-itat-read-order/253906/ Top Stories The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that an addition on the difference in stock as per books
👍👍👍👍👍Measures taken for increasing access to credit and finance for MSME
Clipped from: https://taxguru.in/corporate-law/measures-taken-increasing-access-credit-finance-msme.html 1.19 crore borrowers benefit from guarantees amounting to Rs 3.61 lakh crore under ECLGS as on 31st January 2023 The Emergency Credit Line
👍👍👍👍👍Certification of MSME
Clipped from: https://taxguru.in/corporate-law/certification-msme.html WHO IS MSME? In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME)
