A crucial amendment in the taxation of the rental income from the residential property is been introduced in the Union Budget 2024. Finance Minister Nirmala Sitharaman to curb tax evasion has obligated that this income could merely be declared under the ‘Income from House Property’ (IHP) head and not under the ‘Profits and Gains from Business or Profession’ (PGBP) category. Under “Income from House Property” the available deductions are distinct from those under “Profits and Gains from Business or Profession.” You can claim the standard deduction of 30 per cent…
Category: Income Tax for the West Bengal Govt employees
Madras HC Directs Re-consideration of GST Liability as Sales T.O. Believed to Be 110% of Purchase T.O.
The Madras High Court in a ruling ordered reconsideration of the GST ( Goods and Services Tax ) liability confirmed on proceeding on the assumption that the sales turnover shall be 110% of the purchase turnover. The taxpayer K V M Textiles, claimed that they were not informed of the proceedings, as the show cause notice and other communications were just accessible via the “view additional notices and orders” tab on the GST portal, and not via any other mode of communication. The taxpayer contested the GST order before the…
FDCI India Couture Week 2024: Rahul Mishra dedicates latest collection to father in ICU; ‘He taught me the show must go on’ | Fashion News
Day 5 of the FDCI India Couture Week has come to a grand close with designers Rahul Mishra and Amit Aggarwal showing their collections to a spellbound crowd. In an exclusive conversation with The Indian Express, Mishra revealed that his father has been in the ICU in the leadup to his show at the couture week this year. “My dad has been in the ICU for the last 15 days but as the saying goes, ‘the show must go on’,” says Rahul. The designer adds how his father is the…
Rajasthan HC Rejects AAR’s GST Order, Rules Advance Ruling Application Not Limited to Suppliers
The order of the AAR has been quashed by the Rajasthan High Court, Jaipur Bench, rejecting the advance ruling as not maintainable because the applicant was not the supplier. The bench of Justice Avneesh Jhingan and Justice Ashutosh Kumar has remarked that the petition against the advance ruling is furnished u/s 100 of the CGST Act. The related officer, the jurisdictional officer, or the applicant can choose an appeal against the ruling given u/s 98(4). No appeal is furnished against rejecting the application u/s 98(2) of the CGST Act. The…
Dulquer Salmaan to headline Pavan Sadineni’s Aakasam Lo Oka Tara | Telugu News
Even as Dulquer Salmaan is awaiting the release of his much-anticipated Lucky Baskhar, directed by Venky Atluri, the actor has signed his next in Telugu. Titled Aakasam Lo Oka Tara, the film will be directed by Pavan Sadineni, and backed by Swapna Cinema, Geetha Arts and Lightbox Media. Aakasam Lo Oka Tara is the next directorial venture of Pavan, who is known for helming films like Senapathi (2021), Savitra (2016) and Prema Ishq Kadhal (2013). He has also directed various web series like PillA (2017), Ee Office Lo (2018), Commitmental…
Bombay HC issues summons to Ravindra Waikar over Amol Kirtikar’s plea challenging his win in Mumbai North West Lok Sabha seat | Mumbai News
The Bombay High Court on Monday issued summons to Ravindra Waikar of Maharashtra Chief Minister Eknath Shinde-led Shiv Sena on an election petition by Shiv Sena (UBT) leader Amol Kirtikar, seeking the cancellation of Waikar’s victory in the Mumbai North West Lok Sabha constituency. A single-judge bench of Justice Sandeep V Marne issued a writ of summons to Waikar and other respondents to appear before the court on September 2 to answer the claim made by Kirtikar in his plea. “Issue writ of summons to respondents returnable on September 2,…
Paris Olympics 2024: Video of bronze-medal winner Manu Bhaker playing national anthem on violin goes viral. Watch | Trending News
On Sunday, the Internet was buzzing with congratulatory posts for Manu Bhaker for bagging a bronze medal in the 10m air pistol at the Paris Olympics 2024. Now, a video of Bhaker playing the national anthem on a violin has caught the attention of social media users. In the video shot at the MP Shooting Academy in Bhopal, Bhaker can be seen playing the national anthem on a violin, sitting in a lawn near a swimming pool, dressed in a red T-shirt and black pants. The video was shot in…
7 people shot, 1 fatally, at a park in upstate New York | World News
One person is dead and at least six others were injured following a mass shooting Sunday at a park in upstate New York. Rochester police said they responded to Maplewood Park around 6:20 p.m. to a large gathering with shots fired and found several people suffering from gunshot wounds. An adult in their 20s was killed, another person suffered a life threatening injury and five people were hospitalised with minor injuries, Capt. Greg Bello said. The identity of the victim fatally shot has not yet been released pending the notification…
More traffic curbs in Ghaziabad as inflow of Kanwariyas to increase from today | Delhi News
The Ghaziabad police on Sunday issued more traffic restrictions after a car allegedly hit a few Kanwariyas at the Rawali Road cut on the Delhi-Meerut route in the Muradnagar area on Saturday afternoon. Later, the Kanwariyas created a ruckus, blocked the road for around 30 minutes, thrashed the driver, and vandalised the vehicle alleging that their Kanwar was desecrated. The inflow of Kanwariyas will also increase in Ghaziabad from Monday. According to the new route diversion for trucks, buses, canters, tractors, etc, vehicles coming from the Delhi side — Tulsi…
The evolution of Usha Vance | World News
Written by Joseph Bernstein and Katherine Rosman The night before the biggest assignment of her life, Usha Vance stayed up late with her husband, JD Vance. In their rooms at the Pfister Hotel in Milwaukee, they went over each other’s speeches to the Republican National Convention. In keeping with many intellectual and professional endeavors over the course of their relationship, which got its start at Yale Law School more than a decade ago, they approached the task as a couple. Their lives were about to undergo a dramatic change. Two…