n a recent update, the Goods and Services Tax Network (GSTN) has rolled out a significant change concerning the reversal of Input Tax Credit (ITC) for suppliers who fail to…
In a proactive move to alleviate the mounting burden of litigation faced by both the government and taxpayers, the income tax department has set ambitious targets for the resolution of…
DSP Mutual Fund has unveiled its latest offering, the DSP Banking & Financial Services Fund (DSP BFSF), an open-ended scheme designed to provide investors with a gateway to the long-term…
In a landmark decision on October 16, the Supreme Court dismissed the plea of telecommunication companies, including Bharti Airtel and Vodafone Idea, seeking to categorize license fees paid post-July 1999…
The National Small Industries Corporation Ltd. (NSIC) is seeking applications for the position of Chairman-cum-Managing Director through the Search-cum-Selection Committee (SCSC). This announcement supersedes the previous advertisement dated 27.09.2022. Position…
Traders often face the challenge of maintaining the right amount of money in their brokerage accounts. While saving bank accounts offer some interest, it is unattractive. To address this issue,…
The past six months witnessed a significant surge in financial markets, propelled by heightened investor enthusiasm. However, this rapid ascent has led to inflated valuations, particularly in mid and small-cap…
Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in India's economic growth, requiring funding for establishment and expansion. The Government of India has launched various schemes to provide…
During Diwali or other occasions, individuals may receive cash gifts, prompting questions about tax implications. According to Section 56(2)(x) of the Income Tax Act, 1961, if the aggregate cash received…
Following the Reserve Bank of India's (RBI) decision to increase the risk weight on unsecured lending, including credit card receivables by banks and non-banking finance companies (NBFCs), borrowers are likely…