Kerala Gets Only Rs. 21 GST Share from Centre out of Rs. 100; says Kerala FM in Budget Speech
On February 5, 2024, Finance Minister K N Balagopal presented the Budget 2024 for Kerala before the legislative assembly, highlighting the pressing...
ITAT deletes calculation made by AO on cost of funds by applying 15% flat rate on ad-hoc basis on interest income earned by cooperative society [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench deleted calculations made by AO on cost funds by applying a 15%flat ratio, the ad-hoc basis on interest income earned by cooperative...
![ITAT deletes calculation made by AO on cost of funds by applying 15% flat rate on ad-hoc basis on interest income earned by cooperative society [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Bangalore-cooperative-society-ITAT-deletes-calculation-TAXSCAN.jpg "ITAT deletes calculation made by AO on cost of funds by applying 15% flat rate on ad-hoc basis on interest income earned by cooperative society [Read Order]")
Interim Budget 2024: RBI MPC Member Ashima Goyal Recommends Income Tax on Rich Farmers in Budget Wishlist
A member of the Reserve Bank of India's Monetary Policy Committee (MPC), Ashima Goyal, has suggested the imposition of income tax on affluent farmers as part of her wishlist for the upcoming Interim...
RBI issues guidelines for appointment/re-appointment of Statutory Auditors for State and Central Co-Op Banks
The Reserve Bank of India ( RBI ) has issued the guidelines for the appointment /re-appointment of Statutory Auditors for State and Central Cooperative Banks. These guidelines shall come into effect...
ICAI issues Clarification regarding RBI Guidelines for Appointment of Statutory Central Auditors/Statutory Auditors of Commercial Banks, UCBs and NBFCs
The Institute of Chartered Accountants of India (ICAI) has issued a clarification regarding RBI guidelines for appointment of Statutory Central Auditors or Statutory Auditors at commercial banks,...
Beat Inflation by Investing in Paper-Gold, Subscription Period for Sovereign Gold Bond Scheme (SGB) Series 3 Ends Today: Know How to Invest
The Sovereign Gold Bond scheme's third tranche, SGB 2023-24 Series III, is now open for subscription until December 22. The Reserve Bank of India (RBI) has set the issue price at ₹6,199 per gram,...
