Thursday, February 22, 2024

Monthly Archives: March, 2023

Registrar of Companies raids popular Audit Firm in Chennai and find 1500 Fraud Companies registered.

Racket behind Incorporation of over 1500 fraud Companies in Chennai busted! The Registrar of Companies, RoC, in a search and seizure operation conducted in the...

Important things from GST Aspect to remember this March 2023 ending

1) Billing Series: New billing series for FY 23-24 w.e.f. 1st April 2023 should be started. 2) E-Invoicing: Businesses with an annual aggregate turnover of...

US FEDERAL RESERVE delivers a 0.25 % hike.. it will have major global implications:

11 points 1) 25 bps hike to 4.75-5.0% 2) Statement drops reference to “ongoing increases” in favor of less hawkish “some additional policy firming may be...

Maharashtra State Budget – HIGHLIGHTS OF THE BUDGET SPEECH DATED 9TH MARCH, 2023

A. Amnesty Scheme, 2023 for GSTDept (For Pre-GST Laws) :—  Complete waiver of the arrears in cases where arrears areRs. 2,00,000/- or less per...

Hindenburg Report on Adani – What is the credibility of Hindenburg?

The point is will Hindenburg expose the Pharma industry doing day light looting literally trillions that many say have created the problem in the...

Growth Challenges India Inc. Faces In 2023

An oft-argued case for the Indian corporate sector re-starting the investments cycle is that it has de-leveraged its balance sheet substantially in recent years....

Capital Gain Tax exemption not allowed on Sale of Agricultural Land, if no Agricultural Activities carried out in 2 Years:

No deduction U/S 54B if no agricultural activity in 2 yrs preceding the sale of land: ITATSunil Kisanrao Bagul (ITA No.704/PUN/2022) Facts: The assessee had sold...

CHARITABLE TRUSTS charging market rates to Patients lose Tax Exemption Benefits:

ITAT denies exemption to a charitable trust charging patients at market rates. Fernandez Foundation, Hyderabad (ITA No.1884 & 1885/Hyd/2019 and ITA No.299/Hyd/2020) Facts: The assessee was a...

Indian Housing Market Scenario:

India's housing market will remain resilient despite rising interest rates and a weak global economic outlook, according to a Reuters poll of property analysts...

India launched its international Rupee ambitions on July 13, 2022. And in a matter of less than 9 months our country has become a...

Don’t believe me? Read on. Our UPI is approved in ~18 countries and with 12 countries at MOU stage. Sooner than later 30 countries will...

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