Day: January 18, 2022

We Don’t Appreciate This Attitude Of CBDT Of Not Extending ITR Due Date: Gujarat High Court

The Gujarat High Court today said that: “Ask the highest authorities to file an affidavit that if any problem crop up, then they shall be immediately attended, and if such problems are not attended, then the officer shall be personally responsible for the same. If CBDT is to adopt a very obstinate attitude, which we …

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Sensex sheds 554 points, Nifty below 18200

Indian benchmark indices were down today amid weak Asian and European cues. Both Sensex and Nifty shed nearly 1%. Sensex lost 554 points to close at 60754.86 points, while Nifty fell to 18113 by losing 195 points.  All sectoral indices were in red. Nifty Realty, Nifty Metal and Nifty Auto indices lose more than 2%.  …

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Request to give comments on the Exposure Draft of ICAI Valuation Standard-304

Request to give comments on the Exposure Draft of ICAI Valuation Standard-304 “Valuation of Assets in the Extractive Industries” by 27th January, 2022 The Valuation Standards Board of the Institute of Chartered Accountants of India has been assigned with the task of formulation of Valuation Standards, in relation to the Asset Class – “Securities or …

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SEBI made changes in the rules related to IPO

Markets regulator SEBI has tightened the rules related to Initial Public Offer (IPO) and its accompanying offer-for-sale (OFS). According to a notification issued on Monday, January 17, now only a limited amount can be raised from IPO for Unidentified Future Acquisitions. Along with this, the number of shares to be sold by the major shareholders …

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TISS to recruit candidates for Faculty posts. Eligible candidates can apply online

Tata Institute of Social Sciences, TISS has invited applications from candidates to apply for Faculty posts. Eligible candidates can apply online through the official site of TISS on tiss.edu. The last date to apply online is till January 30, 2022. This recruitment drive will fill up 23 posts in the organization.  The faculty positions is …

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Income Tax Department Conducts Search And Seizure Operations in Haryana

Income Tax Department Conducts Search And Seizure Operations in Haryana

The Income Tax Department had conducted a search and seizure operations on a diversified business group engaged in the manufacturing of plywood/plyboard, MDF board, inverter and vehicle batteries, and in the refining of lead on 11.01.2022.  More than 30 premises spread across the cities of Yamuna Nagar, Ambala, Karnal, and Mohali have been covered in …

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Nifty and Sensex trade lower. Axis Bank stock up 2%. Eicher Motors stock down 3%

Indian benchmark indices trade lower amid mixed global cues. Both Sensex and Nifty down by more than 0.30%. Nifty is below 18250 while Sensex is below 61200.  Nifty Auto and Nifty Healthcare sectors drag the index while Nifty Realty and banking stocks lead the index.  Axis bank tops Nifty with more than 2% gains while …

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Pre-Market Information – Bajaj Finance, Tech Mahindra, Tata Elxsi and other stocks in focus today

Asian markets trade higher. US markets were closed on Monday. European markets ended higher. SGX Nifty indicates a flat start for Indian markets. The following stocks will be in focus: Tech Mahindra: This IT major bought Com Tec Co IT for Rs. 2627.97 Cr. It will buy 25% stake each in SWFT and Surance for …

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Budget 2022: Industry is Demanding To Abolish Commodity Transaction Tax (CTT)

Budget 2022: Industry is Demanding To Abolish Commodity Transaction Tax (CTT)

In the 2013 budget, CTT i.e. Commodities Transaction Tax was imposed on commodity futures trading. Every year the industry demands its removal, but so far only disappointment has come. Industry believes that not only has there been a huge drop in volumes due to the imposition of transaction tax, but also big corporates have started …

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