Finance Blogs
Two years back, i have explained this case, while complaint was filed in NCLT, now it has become a landmark judgement of NCLAT, Find out our story tag ; The NCLAT on Wednesday held the conversion of Tata Sons – the principal holding company and promoter of Tata firms – into a private company from … Read More “NCLAT Ordered TATA & SONS to reconvert from pvt. co. to public co. and reinstate of its chairman Cyrus Mistry” »
Indian business houses are setting up family trusts in places like Malta and Dubai to keep their money safe. A business family based in New Delhi, with interests ranging from real estate to infrastructure, recently set up a family trust in Malta, Europe. The family trust has around 20 beneficiaries. The family, whose estimated net … Read More “New Tax Havens.” »
Google agreed to buy Fitbit for USD 2.1 billion in a deal giving the US tech giant a fresh entry in the wearable technology space and helping to challenge against rivals including Apple. “Google aspires to create tools that help people enhance their knowledge, success, health and happiness. This goal is closely aligned with Fitbit’s … Read More “Google to buy Fitbit For expansion of wearable technology.” »
The Investor Education & Protection Fund (Accounting, Audit, Transfer and Refund) Rules 2016 have been amended vide GSR No.571 (E) dated 14.8.2019 to simplify the process of refund of claims filed with The Investor Education & Protection Fund Authority (the Authority). The Authority has been set up under Section 125 of the Companies Act, 2013 … Read More “Amendments in IEPF.” »
Deepinder Goyal, Zomato’s CEO, said Feeding India ( a non profit start-up ) has been operating for the past six months and that its team has been completely integrated into the company. The startup will continue its operations and will leverage Zomato’s technology and logistics and has already distributed to the underprivileged and hungry jumping … Read More “Zomato has acquired “Feeding India (NPO)”” »
Issue Involved : You must be aware that, for an individual, ITR filing deadline is the july31st. i am assuming that you are standing at somewhere around middle of this july month. your form 16 is showing TDS deducted but, in fact, the same is not reflected in the form 26AS. what to do now … Read More “your 26AS is not showing TDS ? then how to file an ITR…” »
here we go !!! these are the key budget highlights at a glance presented in the Union Budget 19-20 by the Finance Minister Nirmala Sitharaman ;- Related to Taxation; Individual, having annual income upto Rs. 5 lakh is not required to pay any income tax. Aadhar and pan made interchangeable for the purpose of filing … Read More “Budget Highlights 2019-20.” »
NCLAT had set July 12 as deadline for the IL&FS group to reach an agreement with creditors of 13 companies to begin releasing payments. these companies have a total outstanding debt of Rs 16,372 crore. The central government on Monday took the unprecedented step of seeking a ban on auditors Deloitte Haskins & Sells and BSR … Read More “NCLAT on IL&FS group so far.” »
The government has handed out the task of firming up modalities for faceless or anonymous verification, scrutiny and assessment. Faceless assessment or scrutiny would simply mean that-A taxpayer would not have to interact in person with a tax officer. And, A taxpayer would not have to interact in person with a tax officer. And, … Read More “Now Faceless Assessment” »
To make the return filing process easier for individuals, this year the tax department will be providing ITR-1 pre-filled with salary, FD-interest income and TDS details. These details will be pre-filled in ITR1 only for forms filed online. These fields are editable and you will be able to correct the figures auto-filled in case of … Read More “Pre-filled data in ITR 1” »
