Clipped from: https://www.financialexpress.com/market/rupee-may-fall-to-81-against-us-dollar-amid-widening-trade-deficit-risk-off-sentiments-and-fii-outflows/2598771/?ref=Must_Read The Indian Rupee depreciated further on Tuesday to breach the psychological mark of 80 for the first time ever. Amid tightening monetary conditions
Legal heir bound by law to file deceased’s tax return for year of death | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/legal-heir-bound-by-law-to-file-deceased-s-tax-return-for-year-of-death-122071900994_1.html Failure to do so can result in penalties for the legal heir Photo: Shutterstock A person with a total income exceeding the basic
ITR 2021-22: Using the Demat account to verify your income tax return | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/itr-2021-22-using-the-demat-account-to-verify-your-income-tax-return-122072000224_1.html Once the ITR 2021-22 is filed, the taxpayer needs to verify their return within 120 days, or it is deemed invalid The income tax department
Banks urge RBI to extend HTM leeway beyond Mar 2023 as bond losses pile up | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/give-htm-latitude-of-bond-portfolios-beyond-march-2023-banks-to-rbi-122072001134_1.html Bankers have sought permission to park a larger quantum of securities in the portfolio than is currently permitted amid an environment of rising
RBI prepared to spend $100 bn more for defending rupee, says report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-prepared-to-spend-100-bn-more-for-defending-rupee-says-report-122072000412_1.html Most analysts and traders believe worst is yet to come for the rupee, despite the RBI’s intent to defend the currency and India’s
Renting apartments gets costlier for companies with new GST rates in effect | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/renting-apartment-get-costlier-for-companies-with-new-gst-rates-in-effect-122072000598_1.html The rent of apartments for top executives will attract an 18 per cent Goods and Services Tax (GST) As the revised rates of GST after
CAIT to states: Withdraw 5% GST on unbranded food items | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-cait-to-states-withdraw-5-gst-on-unbranded-food-items/2600745/ Ease of Doing Business for MSMEs: According to CAIT, 85 per cent of the country’s population buy unbranded items and hence, the decision
Govt plans short-term foreign trade policy, may release before September | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/govt-plans-short-term-foreign-trade-policy-may-release-before-september-122072001235_1.html The new policy is much-awaited, following the extension of the existing policy for more than two years A new FTP was deferred and
*******HC explains Provisions of Section 148A of Income Tax Act, 1961–TAXGURU.IN
Clipped from: https://taxguru.in/income-tax/hc-explains-provisions-section-148a-income-tax-act-1961.html?utm_source=feedburner&utm_medium=email Abdul Majeed Vs ITO (Rajasthan High Court) High Court held that while passing an order under Section 148A of the Act, the authority
*******FAQ’s on AIS (Annual Information Statement)–TAXGURU.IN
lipped from: https://taxguru.in/income-tax/faqs-ais-annual-information-statement.html?utm_source=feedburner&utm_medium=email Q-1 What is Annual Information Statement (AIS)? Ans. Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form
*******Extended period of limitation cannot be invoked in absence of willful misstatement/suppression of fact–TAXGURU.IN
Clipped from: https://taxguru.in/excise-duty/extended-period-limitation-invoked-absence-wilful-misstatement-suppression-fact.html?utm_source=feedburner&utm_medium=email Commissioner of Service Tax Vs Surya Vistacom Private Limited (Calcutta High Court) Held that the conclusion that mere non-payment of duties is not
*******Demand of service tax, merely on the basis of TDS/ 26AS statement, unsustainable–TAXGURU.com
Clipped from: https://taxguru.in/service-tax/demand-service-tax-merely-basis-of-tds-26as-statement-unsustainable.html?utm_source=feedburner&utm_medium=email Forward Resources Pvt. Ltd. Vs C.C.E. (CESTAT Ahmedabad) Held that the demand of services tax is not sustainable on the basis of TDS /26AS statements.
*Rupee at 80: How top Indian companies hedged themselves for dollar | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rupee-at-80-how-top-indian-companies-hedged-themselves-for-dollar-122071900335_1.html?code=NTM4OTU9MTIyMDcxOTAwMzM1 Reliance Industries, the Tata group, Bharti Airtel, Aditya Birla among conglomerates that took forward positions Photo: Bloomberg Reliance Industries, the Tata group, Bharti Airtel and Aditya
Urban co-operative banks to have four-tiered regulatory framework: RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-announces-four-tiered-regulatory-framework-for-urban-co-op-banks-122071901245_1.html?code=NTM4OTU9MTIyMDcxOTAxMjQ1 An expert committee, headed by former RBI deputy governor N S Vishwanathan, had made a host of recommendations for strengthening the UCBs Photo:
Rupee at 80 to the dollar: Forex deficit to hurt India Inc’s margins | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rupee-at-80-to-the-dollar-forex-deficit-to-hurt-india-inc-s-margins-122071900359_1.html?code=NTM4OTU9MTIyMDcxOTAwMzU5 As the rupee touches the 80-mark against the dollar, this depreciation is likely to prove expensive for corporate India The Indian currency has
*Companies make over 25 kg packs to avoid 5% GST – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/fmcg/companies-make-over-25-kg-packs-to-avoid-5-gst/articleshow/92989805.cms Synopsis The CBIC on Sunday clarified that pre-packaged food items weighing more than 25 kg in a single packet would be exempted from
*Infy, Tech Mahindra et al. have dipped their toes in metaverse waters. Can they cash in on the mania? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/technology-and-startups/infy-tech-mahindra-et-al-have-dipped-their-toes-in-metaverse-waters-can-they-cash-in-on-the-mania/primearticleshow/92989378.cms SynopsisInfosys, Tech Mahindra have carved out special centres to cash in on the metaverse mania which promises to offer around 12% higher gross
RBI, Centre could take steps to halt currency slide – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-centre-could-take-steps-to-halt-currency-slide/articleshow/92991405.cms Synopsis This year, the rupee has fallen about 8% to breach the 80 mark to the dollar amid an unprecedented surge in the
Fuel Windfall Tax: India cuts windfall taxes on fuel exports as global prices fall – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/india-cuts-windfall-taxes-on-fuel-exports-as-global-prices-fall/articleshow/92991503.cms Synopsis New Delhi reduced the windfall tax on diesel and aviation fuel shipments by Rs 2 a liter, and scrapped completely a Rs
Rupee may fall to 81 against US dollar amid widening trade deficit, risk-off sentiments and FII outflows | The Financial Express
Clipped from: https://www.financialexpress.com/market/rupee-may-fall-to-81-against-us-dollar-amid-widening-trade-deficit-risk-off-sentiments-and-fii-outflows/2598771/?ref=Must_Read The Indian Rupee depreciated further on Tuesday to breach the psychological mark of 80 for the first time ever. Amid tightening monetary conditions
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