All about the ONDC (Open Network for Digital Commerce) What is ONDC? ONDC (Open Network for Digital Commerce) is a NGO registered company under Section 8 of Company act which is established for non-profit basis by the Department for Promotion of Industry and Internal Trade (DPIIT) of the to introduce and launch the latest update …
Artificial intelligence (AI) making grip on this industry- In the financial technology business, AI has emerged as a workable tool for businesses in numerous industries. In this industry, financial companies are developers and leaders. According to Autonomous Research, AI would save the sector up to 22% of its funds by 2030. According to Forrester, almost …
Will the Current Boom in Real Estate Continue in 2022? The real estate sector revive and restructured post-COVID-19 pandemic. There are certain changes among people and a trend started to buy a piece of residence, in the urban area. Market is known to follow so many trends at a time but what we saw during …
Changing landscape of real estate in India – The rise of millennials In India, there are more than 400 million millennials, which is more than the whole population of the United States! In our country, millennials aged 25 to 40 have an estimated spending capability of $3.6 billion and account for 1/3rd of the total …
Don’t be just Literate become Financially Literate As Well Financial Literacy and its Significance:- Being financial literate is extremely pivotal in this era of globalisation where there is huge rush towards gaining more and more financial independence. Financial Literacy in simple words refer to the idea of being aware about different financial components and skills …
WHAT IS THE DIFFERENCE BETWEEN REPO RATE AND REVERSE REPO RATE BRIEF INTRODUCTION The two Liquidity Adjustment Facility with the Reserve Bank of India are – Repo Rate and Reverse Repo Rate. Repo Rate is basically the rate of interest which the RBI, i.e. Reserve Bank of India, charges for granting loans to commercial banks. On the other hand, Reverse Repo Rate is basically …
Today Update : Direct Tax:- The ITAT Visakhapatnam held that the amendment in Explanation 5A to Sec 271(1)(c) even when made effective by Finance Act ,2009 with retrospective effect from 01.06.2007 cannot be made applicable when both original return and the revised return u/s 153A of the Act have been filed before the amended provisions …
Today updates: DIRECT TAX:- IT: Change in method of valuation of stock – from lowest price during the year to the weighted average cost formula – So long as the change made by the assessee in his method of accounting is bona fide and amounts to a permanent arrangement to be followed the Revenue has no …
DIRECT TAX: Income Tax: Interest paid by the contractor to finance its business wasn’t includible in cost of inventory; No understatement of WIP Deputy Commissioner of Income-tax, Central Circle 2(2), Bangalore v. JSR Constructions (P.) Ltd. [2016] 71 taxmann.com 184 (Bangalore – Trib.) Income tax: ITAT Chennai in the below-citied case held that Continuance of …
Today updates: DIRECT TAX: CBDT Notification Reg. Adoption of Indexed Stamp Duty Value for Income Declaration Scheme. Notification dated 17th August 2016. Those disclosing unaccounted wealth under (IDS) will have the option of paying the tax on such income in cash, the income-tax department has clarified through a fifth set of frequently asked questions (FAQs). Interest …