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10 Tax Reforms for Economic Growth and Opportunity

Key Findings The waning pandemic and robust economic recovery have come with many benefits—plentiful jobs and fast-growing (nominal) incomes—but also serious challenges such as high and rising inflation. Rather than pushing for more fiscal stimulus or leaving it to the Federal Reserve to handle inflation through higher interest rates, policymakers should focus on boosting the …

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CIT VM VENKATESWARA RAO (2015) 370 ITR 212 HOB’BLE APPELLATE TRIBUNAL, AP

82 total views CIT VM VENKATESWARA RAO (2015) 370 ITR 212 HOB’BLE APPELLATE TRIBUNAL, AP Author Deepak Pratap Singh QUESTION: Can capital contributions from the individual partners credited to their accounts in the company’s books be taxed as cash credit in the hands of the firm, where the partners have conceded… Continue reading CIT VM …

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Exercising discretion to allow stay on IT request cannot be arbitrary and 20% deposit is not required: HC

50 total views Exercising discretion to grant residency on IT request cannot be arbitrary and 20% deposit is not required: HC The seizure of a bank account for the recovery of tax due has become a regular feature. It is necessary to get the residence permit to avoid seizure of the bank account. There are …

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If it runs like a bank and talks like a bank…

Crypto currency platform BlockFi agrees to a $100 million settlement with the SEC and several states. The company describes itself as a banking-like platform for cryptocurrency users, with an ad return of a whopping 9.25 percent. But the Securities and Exchange Commission accused the company of failing to register its retail credit product. BlockFi will …

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