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TAXATION LAPSES
CAG flags Rs 25,085 crore tax effect from 1,902 assessment lapsesThe CAG identified 1,902 tax lapses involving over twenty-five thousand crore rupees. These cases involved incorrect tax rates and faulty i...- NRI woman sold her property in Gujarat for Rs 21 lakh, tax dept sent notices, she missed them as she lived abroad; later she files case and wins in ITAT AhmedabadITAT overturns STCG tax on Gujarat house sale: When Kaminiben, an NRI from Anand, Gujarat, sold her house for Rs 21.4 lakh in AY 2018-19, w...
- NRI Talk| Equities at 45%, gold at 10-12%: Shiv Gupta of Sanctum Wealth's ideal India portfolio for NRIsDespite recent flat equity returns and rupee depreciation, India's long-term growth story remains robust, according to Sanctum Wealth's Shi...
- Gold rush missed: Can India dig its way out of import dependence?India's significant gold imports, exceeding 800 tonnes in 2024 while producing only 2 tonnes, highlight a missed opportunity. Learning from...
- India needs to remove tax friction for more FDIIndia is looking to boost foreign investment by reforming its tax system. Recent proposals aim to simplify taxes on foreign holdings. The c...
- Don't put InvITs, REITs on the MATIn India, the backbone of infrastructure funding is built on listed business trusts. However, recent tax reforms have introduced uncertaint...
- CAG flags tax irregularities by banks, NBFCsThe audit identified 1,847 observations, including 671 systemic issues and 533 compliance lapses. The largest discrepancies related to impr...
- Government mulls ceiling for audit firms amid crack down on lapsesGovernance lapses, negligence has loaded the banks with one of the world’s worst piles of bad debt.
- Not getting enough sleep? It can affect quality of work and cost countries billionsInsufficient sleep is associated with lapses in attention and the inability to stay focused.
- Traders want ombudsman for redressal of GST grievancesCAIT also sought the first two years post the GST rollout from July 1 to be declared as a transition period.
- India seeks fresh treaties with 47 nations“We have written to 47 countries… Treaties that have completed 10 years will be allowed to be lapsed so that a new text can be negotiated,”...
- British business leaders 'concerned' about India's taxation: Patricia HewittUK business leaders like their counterparts in India have been "concerned" about the need to have a stable and predictable tax regime in In...
- PM Narendra Modi to meet India Inc September 8Modi will meet industry leaders to deliberate on the recent developments in the global economic scenario and opportunities it presents for ...
- Government to soon bring bill to curb benami transactions"As regards the Benami Bill, the redrafted Act is at a very advanced stage... A more modern Benami bill has been drafted. It will reach the...
- Buy your first home by March 31 to avail tax benefitThe benefit under section 80EE can be availed only to buy the first house of a value of Rs 40 lakh, provided the maximum loan amount is Rs ...
- DGCA looking at airlines' demand for charging petty servicesDGCA said it is considering proposals by various airlines to increase their ancillary revenue by levying charges on both on-board as well a...
- Tax sops for non-profit bodies may goThe government might tighten rules and take away tax priviliges provided to non-profit organisations.
- Daiwa Capital Market to scale up India operationsDaiwa Capital Markets aims to revive its fortunes in takeover advisory and brokerage by targeting the elusive Japanese savings that runs at...
- Going Global: Ltd tax liability for LLPs in I-T matrixStage is set for Indian entrepreneurs to enjoy benefits of the most flexible way of organising businesses with government finalising tax co...
- CBEC allows cos to carry forward Cenvat creditA Central Board of Excise & Customs circular, clears the air on utilisation of Cenvat credit and is expected to lead to saving of crores of...
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