Roshan Mansoor, a qualified Chartered Accountant and having certified in Mergers & Acquisitions from The Wharton School (University of Pennsylvania) is a Managing Partner of a Bangalore-based CA firm ‘Roshan Mansoor and Co' (RM&Co). Before starting the firm,...
CBDT extends deadline for filing returns till Nov 7
The Central Board of Direct Taxes (CBDT) on Wednesday extended the due date for furnishing income tax returns for assessment year 2022-23 to November 7 for certain categories of assessees. The earlier due date was October 31. New Delhi, Oct 26,2022: The Central Board...
Aiming decriminalisation of offences, CBDT issues revised guidelines for compounding
Aiming decriminalisation of offences, the Central Board of Direct Taxes (CBDT) on Saturday issued revised guidelines for compounding of offences under the Income Tax Act, 1961 with reference to various offences covered under its prosecution provisions. New Delhi, Sep...
Financial crisis : TN power utility cracks whip on default local bodies
With the financial woes of the Tamil Power utility, Tangedco, on an ascent, it has directed all the local bodies in the state to pay up the dues with immediate effect. Chennai, Sep 1,2022: With the financial woes of the Tamil Power utility, Tangedco, on an ascent, it...
‘Chinese economy struggling, policy rate cut could impact global financial markets’
The Chinese economy is struggling and the central bank has unexpectedly lowered its policy rate signalling serious worries about growth, said the Department of Economic Affairs (DEA) under the Indian Finance Ministry. New Delhi, Aug 20, 2022: The Chinese economy is...
Govt releases two instalments of tax devolution to states amounting to Rs 1,16,665 cr
The Centre on Wednesday released two instalments of tax devolution to the state governments amounting to Rs 1,16,665.75 crore. New Delhi, Aug 10, 2022: The Centre on Wednesday released two instalments of tax devolution to the state governments amounting to Rs...
Challenges and Opportunities for Halal Food Industry: A Prospective from Indian Market
By Shahbaz Alam Nadwi The global Islamic economy has gained an increasingly strong foothold in the world economy, driven by increasing Muslim consumer demand for dedicated products and services compliant with Islamic law that has developed the global sub-sectors of...
Flour, pre-packed food to attract 5% GST
Flour, curd and pre-packed food items are set to get costlier from Monday as the customers will have to pay 5 per cent GST on them. New Delhi, July 17 , 2022: Flour, curd and pre-packed food items are set to get costlier from Monday as the customers will have to pay...
Shock-absorbing capabilities of Indian retail investors is the silver lining
On June 7, Finance Minister Nirmala Sitharaman, while speaking at an event of the Corporate Affairs Ministry as part of the 'Azadi ka Amrit Mahotsav', had said that retail investors seemed to act as "shock absorbers" even when foreign portfolio investors kept their...
Global server market revenues to reach $112 bn in 2022
The global server market's revenue is expected to grow 17 per cent (on-year) to reach $111.7 billion in 2022, according to a new report. New Delhi, 11th June 2022: The global server market's revenue is expected to grow 17 per cent (on-year) to reach $111.7 billion in...