Fri, Apr 26, 2024 6:19 PM
HCL Tech Q4 results: Attrition rate drops to 12.4% as tech giant posts
A Flip by Riya Sharma
India's central bank is stepping in to ease banking system liquidity conditions as a national election which stretches over six weeks is hurting government spending despite strong tax collections. Voting in India's national elections began on April 19 and will conclude on June 1, with counting on June 4. Typically, government spending slows during polls.
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The Supreme Court on May 6 refused to entertain a plea by Federation of All India Vyapar Mandal challenging the constitutional validity of section 43 B (H) of the Income Tax Act.According to Section 43B(h) of the Income Tax Act, introduced through Finance Act 2023, if a larger company does not pay an MSME on time within 45 days in case of written agreements it cannot deduct that expense.
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I am a seafarer and have stayed in India for roughly 135 days and worked on an Indian-flag ship for the remaining period (approximately 230 days) in the last financial year. I receive my salary in NRE (non-resident external) account. In the last financial year, I sold some part of my ancestral land that was lying vacant for ₹77 lakh. The buyer had deducted tax at source while making the payment.
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