'While we note the very strong cyclical recovery in the economy, we believe there is still uncertainty over medium-term prospects.'
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The minister said the Constitution of India is a 'religious document' for everyone, especially the government, and 'anything which is alien to the Constitution merely because of the decision taken by the courts or some judges, how do you expect that the decision will be backed by the country'.
After three consecutive years of infusing huge funds, foreign portfolio investors retreated from the Indian equity markets in a big way in 2022 with the highest-ever yearly net outflow of nearly Rs 1.21 lakh crore. The huge outflow, which surpasses by a big margin the previous record of Rs 53,000 crore net withdrawal in 2008, came amid aggressive rate hikes by central banks globally but 2023 is expected to be better on positivity about overall macroeconomic trends in India, experts said. Apart from global monetary tightening, volatile crude, rising commodity prices along with Russia and Ukraine conflict led to an exodus of foreign money in 2022.
India has helped the world discover the true potential of democracy and the keyword for the country today is compassion for the downtrodden, needy and those on the margins, President Droupadi Murmu said on Sunday.
Private sector lender Kotak Mahindra Bank will handle the salary account of the Indian army personnel, the bank said on Thursday. The bank has signed a memorandum of understanding (MoU) with the Indian Army for salary account. The MoU enables Kotak to offer its salary account proposition, combined with exclusive benefits for the Indian Army, to all army personnel - both active and retired, Kotak said in a release.
'Ashutosh Gowariker's Mohenjo Daro does what many history books could not have done.' 'He awakens interest in the ancient civilisation of Harapppa and Mohenjo Daro,' says Asim Siddiqui.
Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.
Farhan and Javed Akhtar discuss the new and the classic Don.
Long before she won royalty rights for playback singers, there was an undisclosed incident in Lataji's life where she not only put a male colleague in place, but also refused to sing with him thereafter.
India pacer Avesh Khan conceded he was under pressure after going wicket-less in the first three games, but head coach Rahul Dravid spurred him to come up with a match-winning performance in the fourth T20I against South Africa in Rajkot on Friday.
The protocol aims to "democratise" lending, reduce costs of credit, and ensure accessibility of credit to small companies and street vendors, according to Nandan Nilekani.
Rishi Sunak has revealed that his former boss, Boris Johnson, has not returned any of his messages and calls since he resigned from his cabinet as chancellor, implying tension between the duo as the British Indian former minister battles it out in a tough race to be elected the next leader of the UK's governing Conservative Party.
The Income-Tax (I-T) Department nowadays provides pre-filled forms to make the filing of income-tax return (ITR) easier. Nonetheless, you must have a number of documents handy at the time of filing return so that you can cross-check the data in the pre-filled form. "Filing ITR doesn't require you to upload any document. But in case an assessing officer makes an inquiry, you will need to present documents and certificates as proof," says Deepak Jain, chief executive, TaxManager.in.
The decision to allow students to pursue two degrees simultaneously will boost their employability as it gives them the opportunity to concentrate on one mainstream undergraduate degree while enrolling in another with a vocational focus.
'This man changed the mindset of a generation.'
Over 100 workers of the MSRTC had staged the protest outside 'Silver Oak', Pawar's bungalow on Pedder Road in south Mumbai on Friday afternoon, catching the police unawares.
Come January and the government is empowered to send its recovery officials to your premises to collect GST without notice, if your tax liability shown in the requisite form is less than what invoices, mentioned in the outward supply form, should draw. The relevant provision in the Finance Act, 2021, will come into effect from January 1, 2022, according to a gazette notification issued on Tuesday. Under the GST system, there are two kinds of returns that a company is required to file monthly if its turnover is over Rs 5 crore annually. These are form GSTR-1 and GSTR-3B.
Harshala Chandorkar of CIBIL will answer your queries on personal loans in an online chat between 3 pm and 4 pm on November 18.
For Indians, Sri Lanka is one of the favourite venues for destination weddings. But last month, when a family from Delhi chartered a Vistara Airbus A320 to Colombo, it packed much more than the standard paraphernalia of clothes, gifts and jewellery. The family ferried meals from Delhi for all the guests and to cover their entire stay in Colombo due to the food and fuel shortages in the island nation.
Shahbaz, one of the pillars of the Bengal Ranji Trophy side, is also an integral part of Royal Challengers Bangalore
All four societies were under common management of the Sahara group and had collectively garnered Rs 86,673 crore, including more than Rs 47,000 crore collected by Sahara Credit Cooperative Society Ltd from nearly 4 crore depositors.
Here's the full text of the maiden address to the nation by President Droupadi Murmu on the eve of Independence Day 2022.
Kaifi's acting credits include "Bazaar", "Umrao Jaan" and Mira Nair's Oscar nominated film "Salaam Bombay!".
In a note to customers, the country's largest lender State Bank of India said, 'Interest shall continue to accrue on the outstanding portion of the term Loan during the moratorium period'. The accrued interest will be collected by the lender in the form of additional EMIs from those borrowers who opt for the three-month moratorium.
Sukanya Verma toasts the man, the movies and the many, many, MANY memories he's made on big screen through 80 Amitabh Bachchan moments.
He also said a total of Rs 38.75 crore, deposited by people in the Karavannur Cooperative bank in this district, which is now facing charges, had already been returned.
Taking credit risks in shorter-tenure funds can help jack up returns considerably, boosting sales.
E-commerce firms Amazon, Flipkart, and others are expected to witness blockbuster festival season sales of around $9 billion this year, surpassing pre-pandemic sales of $5 billion in 2019. The pandemic has accelerated the shift to e-commerce, with more consumers shopping online at a higher frequency than last year, observed analysts. This year's festival sales (gross merchandise value or GMV) are expected to grow 30 per cent year-on-year (YoY) to $4.8 billion during the first week of the season and potentially clock over $9-billion GMV during the whole festival month, revealed consulting firm RedSeer's e-commerce festival season report.
The World Bank has approved loans totalling $1.75 billion (about Rs 13,834.54 crore) to fund India's PM Ayushman Bharat scheme and private investment to boost the economic growth. Of the total loan, $1 billion will go towards the health sector, while the rest $750 million will be in the form of development policy loan (DPL) to fill the financing gaps through private sector investment in the economy. The World Bank Board of Executive Directors approved two complementary loans of $500 million each to support and enhance India's health sector.
The country's GDP is likely to grow at 1.3 per cent in the fourth quarter of 2020-21 and may see a contraction of around 7.3 per cent for the full financial year, according to an SBI research report 'Ecowrap'. The e-National Statistical Office (NSO) will release the GDP estimates for the March 2021 quarter and provisional annual estimates for the year 2020-21 on May 31. "Based on our 'nowcasting model', the forecasted GDP growth for Q4 would be around 1.3 per cent (with downward bias) as against NSO (National Statistical Office) projection of a negative (-)1 per cent," the research report said.
Thousands of Inter University Students' Federation (IUSF) students were seen sloganeering outside the Prime Minister's Residence in Wijerama Mawatha.
The Reserve Bank of India (RBI) on Monday allowed microfinance lenders to fix interest rates on loans with a rider that those should not be usurious for the borrowers. A microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs 300,000. Each regulated entity (RE) should put in place a board-approved policy regarding pricing of microfinance loans, said the 'Master Direction - Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022'. In the past, the central bank used to announce the rates on quarterly basis.
'The writer remains the most creative force in the process.' 'Producers need to be inventive in how they reward good writing.'
Gautam, a former Karnataka wicketkeeper-batsman, was earlier on Thursday arrested by the Bengaluru Central Crime Branch along with Abrar Kazi for allegedly accepting money to spot-fix in the scandal-ridden Karnataka Premier League (KPL).
Moody's Investors Service, while silent on the sovereign rating on the higher-than-expected fiscal deficit numbers, expressed doubts over attaining the higher revenue targets and divestment realisation as assumed in the Budget. The Union Budget 2021-22 has pegged a fiscal deficit of 9.5 per cent for the current financial year as against the consensus 7 per cent, and 6.8 per cent for 2021-22 with a market borrowing of around Rs 12 lakh crore. It also assumes Rs 1.75 lakh crore to be scooped up from divestment.
Russia is among the top buyers of Indian tea, accounting for about 18 per cent of the industry's total exports.
Transiting from "survival mode", which took most of the management time in FY21, the bank has been able to take a long-term view in terms of growth and preparing technology in the past 12 months.
The Supreme Court has refused to interfere with the government and RBI's loan moratorium policy, and declined to extend the six-month loan moratorium period.
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