Bajaj Electricals CFO EC Prasad EC Prasad, Chief Financial Officer at consumer products maker Bajaj Electricals, said that compliance keeps him awake at night, and emphasised the government should take more efforts to reduce such burden on companies. “Compliance gives me sleepless nights. There are so many laws and Acts. For instance, there is now …
Merchandise exporters will have to cough up 18% goods and services tax, or GST, on the services of transportation of goods, a move that the industry says could lead to cash flow issues at a time when exports are declining. This follows a recommendation of the GST Council that the place of supply of transportation …
Merchandise exporters to pay 18% GST on shipping costs: Govt, CFO News, ETCFO Read More »
With Yes Bank incurring a huge third quarter loss of over Rs 18,564 crore, its statutory auditors, BSR and Co, have raised ‘going concern’ risks for the lender. In accounting domain, ‘going concern’ means the company has the ability to run its operations for the foreseeable future which is typically 12 months unless specified otherwise. …
Yes Bank auditor BSR flags ‘going concern’ risks post Q3 record loss, CFO News, ETCFO Read More »
New Delhi: The Noida Authority has asked the interim resolution professional (IRP) appointed for the Jaypee Infratech insolvency proceedings to keep the interest of the company’s homebuyers as top priority. “We have told the IRP to keep the interest of homebuyers as top priority,” said Amit Mohan Prasad, chief executive officer, Noida Authority. Prasad said …
Publish Date : Tuesday, February 21, 2023 Source link
Demand for senior professionals in compliance, risk, finance and legal has witnessed a massive surge in the past one year, with frequent tightening of rules leading to the need for higher levels of scrutiny and compliance. Companies across the banking, financial services and insurance, and fintech sectors are ramping up their risk and compliance functions …
The Income Tax Department is likely to come out with modified valuation rules under the I-T Act for ascertaining the fair market value (FMV) of shares of unlisted companies for the purpose of levying tax on non-resident investments, an official said. The Finance Bill, 2023 has proposed amending Section 56(2)(viib) of the I-T Act, thereby …
MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 04/2023-Income Tax New Delhi, the 10th February, 2023 G.S.R 91(E). – In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board …
Tarun Rustagi, CFO, Canara HSBC Oriental Bank of Commerce Life Insurance In an interview with ETCFO’s Shivani Phaugat, Tarun Rustagi, CFO, Canara HSBC Oriental Bank of Commerce Life Insurance, shared his views on the impact of tax deductions under section 80C becoming optional, fairness of differential GST rates with respect to the current format and …
Canara HSBC Oriental Bank of Commerce Life CFO, CFO News, ETCFO Read More »
MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 05/2023-Income Tax New Delhi, the 14th February, 2023 G.S.R 95(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby …
