A view on the financial world.
The Union Budget 2023, the first budget of the Amrit Kaal and the last full-fledged budget of the current government, was greeted with certain expectations, especially with respect to relaxation in personal taxation, and a boost in the capex by the government, for an economy which has now reeled out of the covid impacts, the …
Continue reading "Union Budget 2023- Key Highlights – All You Need to Know"
The love for food, the comfort of home and procrastination to cook has made Zomato a household name in India. Zomato is currently one of the biggest players in the food delivery space, competing majorly only against Swiggy. However, the stock of Zomato has been largely unimpressive since its stellar debut. Let us have a …
On 16th September, the Finance Minister Nirmala Sitharaman announced the plans for a bad bank - National Asset Reconstruction Co Ltd. But let's not start this story from the end and have a look at what it means. During the budget earlier this year, the FM had announced -" The high level of provisioning by …
Continue reading "The Bad Bank Takes Over – All You Need to Know"
TCS on High Value sale of Goods - Section 206C (1H) > Applicable on sellers of goods whose turnover exceeds INR 10 crores during the last year. This means that for the provision to be applicable during FY20-21, the sales should have exceeded INR 10 crores during FY19-20.> TCS is to be collected from buyers …
Continue reading "Major TCS Amendments applicable from 1st October 2020"
I. New Classification for MSMEs As announced as a part of economic stimulus and reforms in response to Covid 19, the Ministry of Micro, Small and Medium Enterprises has modified the classification criteria for MSMEs as follows- Existing Criteria- New Criteria (Applicable from 1st July 2020)- Note: All units with GSTIN listed against same PAN …
Continue reading "Udyam Registration and New Classification for MSMEs – All You Need to Know."
The Financial Lens 