Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The addition of ₹5,01,500 made by the Assessing Officer (AO) under Section 69A of the Income Tax Act, 1961, has been overturned by the Cuttack Bench of the ITAT, which held that the cash deposits made during the demonetisation period were substantiated as business receipts. Tekchand Harilal, a firm that operates as a distributor of […]
The government’s request to tax cash deposits made by a corporation during the demonetization era was denied by an income tax tribunal since the company had provided information about the source of the deposits. On account of cash deposited by the business in specific bank notes in its bank account between November 9 and December […]
Most of the daily labourers are in deep problems after the implementation of goods and services tax as well as of Demonetisation and are still finding hard to get work and cash in Kerala state.
According to a survey by All India Manufacturers’ Organisation (AIMO), it was found that the economy has a reason for slower growth and it was found that demonetization & GST are among them.
The reserve bank of India got a new governor namely Shaktikanta Das, who was also a former economic affairs secretary and also the member of finance commision currently.
A report by India Ratings revealed that the household savings rate has fallen abruptly from 23.6 per cent in 2012 to 16.3 per cent in 2017. If it continues with the same rate, there may be serious implications on the overall economic growth and stability, adds the report.
The current Financial quarter has brought good news for the Indian Economy. The Industrial production growth rate for the month of January was recorded at 7.5 percent.
Recently in a finding of African tourism reports, it was suggested that in the year 2017, there were a lesser number of tourists from India visited Africa, probably due to the recent demonetisation and goods and services tax.
Demonetization and GST implementation are the two greater moves taken by the government which has a positive impact on the environment.
