Clipped from: https://www.taxscan.in/failure-to-consider-objections-of-assessee-calcutta-hc-quashes-revision-order/163529/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Calcutta%20HC Top Stories By Rasheela Basheer – On March 24, 2022 6:30 am While quashing an order for revision under section 263 of the Income Tax Act,
What’s cash flow-based lending for MSMEs to cover operational expenses | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-whats-cash-flow-based-lending-for-msmes-to-cover-operational-expenses/2470000/ Credit and Finance for MSMEs: The growing focus among lenders on cash flow-based credit has come in the backdrop of the Reserve Bank
Unsecured loans: What MSMEs should do to get credit from banks, NBFCs without collateral | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-unsecured-loans-what-msmes-should-do-to-get-credit-from-banks-nbfcs-others-without-collateral/2469969/ Credit and Finance for MSMEs: Even as securing credit via the cash flow-based model is relatively easier than raising an asset-backed loan, the
Tax Benefits on Affordable Housing: What happens if the carpet area of the house is not known? | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/tax-benefits-on-affordable-housing-what-happens-if-the-carpet-area-of-the-house-is-not-known/2469650/ As per the provisions u/s 80EEA, the value of the house property should not exceed Rs 45 lakh and the carpet area should
Confused about Pay Later and Credit Cards? Here is how they work | The Financial Express
Clipped from: https://www.financialexpress.com/money/confused-about-pay-later-and-credit-cards-here-is-how-they-work/2469706/ With a Pay-Later card, not only the user has a lot more convenience to pay back an amount on their terms, the biggest
Penalty cannot be solely based on Addition without proving Concealment: ITAT–TAXSCAN
Clipped from: https://www.taxscan.in/penalty-cannot-be-solely-based-on-addition-without-proving-concealment-itat/162729/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Penalty Top Stories By Rasheela Basheer – On March 22, 2022 2:34 pm The Income Tax Appellate Tribunal, Jaipur bench has held that the penalty under section
Statement Recorded under Sec 133A by Themselves have no Evidentiary Value: ITAT Upholds Deletion of Additional Income–TAXSCAN
Clipped from: https://www.taxscan.in/statement-recorded-under-sec-133a-by-themselves-have-no-evidentiary-value-itat-upholds-deletion-of-additional-income/162922/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Sec%20133A Top Stories By Jwala K.P – On March 22, 2022 3:06 pm The Indore Bench of The Income Tax Appellate Tribunal ( ITAT ) has held that statement
No Addition on Income when the Assessee has Fully Explained and Substantiated Sources with the Documentary Evidences: ITAT–TAXSCAN
Clipped from: https://www.taxscan.in/no-addition-on-income-when-the-assessee-has-fully-explained-and-substantiated-sources-with-the-documentary-evidences-itat/162901/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Documentary%20Evidence Top Stories By Jwala K.P – On March 22, 2022 3:33 pm The Indore Bench of The Income Tax Appellate Tribunal ( ITAT ) has held that no
88% Indians use phone before bedtime, 59% went to bed past 11 pm: Wakefit survey – BusinessToday
Clipped from: https://www.businesstoday.in/latest/trends/story/88-indians-use-phone-before-bedtime-59-go-to-bed-past-11-pm-wakefit-survey-327092-2022-03-23 The survey titled ‘Wakefit’s Great Indian Sleep Scorecard (GISS) 2022’ showed that one in four Indians suffer from erratic sleep patterns. Around 38%
Dept failed to consider Reply to Income Tax Notice: Delhi High Court quashes Penalty
Clipped from: https://www.taxscan.in/dept-failed-to-consider-reply-to-income-tax-notice-delhi-high-court-quashes-penalty/163210/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Income%20Tax%20Notice Top Stories By Taxscan Team – On March 23, 2022 6:30 am The Delhi High Court has ruled that a penalty order passed by the income-tax authority under
CBIC issues SoP for Scrutiny of GST Returns for FY 2017-18 and 2018-19–TAXSCAN
Clipped from: https://www.taxscan.in/cbic-issues-sop-for-scrutiny-of-gst-returns-for-fy-2017-18-and-2018-19/163269/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=GST%20Returns Top Stories By Rasheela Basheer – On March 23, 2022 9:07 am The Central Board of Indirect Taxes and Customs (CBIC) has issued a standard operating procedure (SoP) for the
Expenses towards Gifts purchased for Sales Promotion allowable as Income Tax Deduction Even If List of Recipients are not provided: ITAT–TAXSCAN
lipped from: https://www.taxscan.in/expenses-towards-gifts-purchased-for-sales-promotion-allowable-as-income-tax-deduction-even-if-list-of-recipients-are-not-provided-itat/163215/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=gift Top Stories By Rasheela Basheer – On March 23, 2022 7:20 am The Ahmedabad bench of the ITAT has held that the expenses towards gifts purchased
Sri Lanka nears crisis | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/sri-lanka-nears-crisis-122032101382_1.html More help needed for the island nation’s faltering economy Sri Lanka’s education authority announced on Friday that school examinations scheduled for this week
‘Return of advance to foreign buyer after 12 months requires RBI nod’ | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/return-of-advance-to-foreign-buyer-after-12-months-requires-rbi-nod-122032100820_1.html Therefore, please send a suitable request to RBI, through your bank, explaining the reasons for the failure to export and the delay in
Russia-Ukraine war: High input costs forcing automakers to walk a tightrope | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/russia-ukraine-war-high-input-costs-forcing-automakers-to-walk-a-tightrope-122032101511_1.html The second of the five-part series looks at automakers’ concern over any further price hike that may dent demand in segments like two-wheelers
RBI continues to support growth, rupee: Governor Shaktikanta Das | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-continues-to-support-growth-rupee-rbi-governor-shaktikanta-das-122032101466_1.html India comfortably placed to deal with spill-overs from Ukraine crisis, says Das RBI Governor Shaktikanta Das | Photo: Kamlesh Pednekar After resisting the
Govt expects to launch LIC IPO in 2-3 weeks, feels mkt conditions improving | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/govt-expects-to-launch-lic-ipo-in-2-3-weeks-feels-mkt-conditions-improving-122032101475_1.html Feels market conditions improving, but still keeping a watch; updated DRHP filed with Sebi The government is awaiting approvals from Sebi, and will
Pizza Topping Tax: Bibek Debroy decodes the curious case of tax on pizza toppings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/bibek-debroy-decodes-the-curious-case-of-tax-on-pizza-toppings/articleshow/90340593.cms Synopsis What is the GST rate on pizzas? There isn’t one. That’s the point. The GST rate on pizza bread – note the
How to calculate income tax liability under new tax regime for FY 2021-22 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-calculate-income-tax-liability-under-new-tax-regime/articleshow/90052370.cms Synopsis As individuals are required to choose between old and new tax regimes, it is important to know how to calculate the income
Optimising GST to Make It Deliver – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/optimising-gst-to-make-it-deliver/articleshow/90361307.cms Synopsis The move towards a revenue-neutral rate is overdue and the collection forgone because of external events exerting a pressure on prices will
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