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DEEMED CREDIT
Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT MumbaiAn NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...- 6 years after Sushant Singh Rajput's death, Rhea Chakraborty revisits darkest phase of her life. Why Aryan Khan's case triggered herSix years after the death of Sushant Singh Rajput, Rhea Chakraborty has opened up about the emotional scars left by the controversy that fo...
- PSU bank stocks vs private banks in FY27: The valuation trap you need to avoidPSU banks achieved historic profit and NPA lows in FY26, yet analysts favor leading private banks for FY27. This shift is driven by superio...
- Mumbai man received tax notice over unreported income, not filing ITR; ITAT rules in his favour on TDS benefit, tax demand reducedManoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through t...
- Can banks block your mobile in case of loan default? RBI lays down rules for restricting services; Rs 250/hour compensation in this caseIf the lender bank decides to deploy any technology-based mechanism for restricting or disabling the functionalities of a mobile device of ...
- Top cases on the United States Supreme Court's docketThe U.S. Supreme Court is reviewing significant cases. These cases cover voting rights, presidential authority, immigration policies, and g...
- Cabinet clears Emergency Credit Line Guarantee Scheme 5.0 to cushion MSMEs, airlines amid Gulf warThe government has approved a new credit scheme, ECLGS 5.0, to support airlines and small businesses facing economic challenges. This initi...
- AI actors and writers not eligible for OscarsThe Academy Awards will now require acting and writing to be human-created for Oscar eligibility. New rules clarify that artificial intelli...
- How university-edtech collaborations are contributing to building India’s AI-ready workforceIndian universities are evolving higher education through collaboration with edtech platforms to address the employability gap among STEM g...
- AIF returns explained: Why high alpha may exist on paper, not in cash returned to investorsAlternative Investment Funds have delivered an average alpha of 9% over the Sensex, but most of that exists only in valuations, not in cash...
- NCERT granted deemed-to-be university status, can award its own degreesThe National Council for Educational Research and Training (NCERT) has been officially declared a deemed-to-be university, enabling it to a...
- FMCG dealers seek to recover GST cost from companies“There is a minor working capital cash shock for the dealers in the month,” said a source, adding that industry is still grappling with the...
- Worried retailers limit purchases ahead of GST rolloutTraders fear that from July 1 GST may also apply on goods that they sell even if they have bought those before that date and paid all taxes.
- Companies can avail up to 40 per cent GST Credit for excise already paid on stocksThe new set of rules defines transition for companies, dealers and retailers that will have stocks, with taxes paid under the previous regi...
- Budget 2013: Changes expected on foreign trade for metalsFor the metals sector, most of the changes in the Union Budget 2013 are expected to be on the foreign trade front.
- Budget 2013: AIIFA wants government to consider deemed duty paid on steel scrapAIIFA in its pre-budget 2013 memorandum has asked the govt to consider deemed duty paid on steel scrap
- Budget 2013: AIIFA proposes deemed credit of duty on steel scrap for availing CENVAT creditThe All India Induction Furnaces Association (AIIFA) has proposed deemed credit of duty on steel scrap for availing CENVAT credit for consi...
- Steel producers seeks 'deemed credit' on local scrap unitsSecondary steel producers have sought from the Centre 'deemed credit' facility on scrap sourced locally from non-excisable units.
- I-T dept seeks SC ruling on DTAAThe Income Tax Department has sought a ruling from the Supreme Court on a High Court decision that dividend income was non-taxable if it ca...
- Sops for deemed exports under finmin lensIn the run-up to the national foreign trade policy, the finance ministry is reviewing deemed export benefits available to the domestic indu...
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