Business – IHRA News

Aug62023 by anoopkamboj3No Comments

28% GST on online gaming from October 1

Business, News

In a recent announcement by Finance Minister Nirmala Sitharaman, it has been revealed that online gaming will now attract a Goods and Services Tax (GST) rate of 28% starting from October 1. This decision was made during the 51st meeting of the GST Council. The Finance Minister clarified that the 28% GST rate will be applicable to online gaming right from the entry level itself. This means that the tax will be based on the face value of the gaming transactions. It is important to note that this rate will be reviewed after a period of six months to assess its impact and effectiveness. During the meeting, representatives from Delhi, Goa, and Sikkim requested a reconsideration of the decision made on July 11 regarding online gaming taxation. However, the decision to impose a 28% GST rate...

Aug32023 by anoopkamboj3No Comments

Gold worth Rs 49.12 lakh recovered from a passenger from Dubai

Business

In a recent incident at Sri Guru Ramdas Ji International Airport in Amritsar, the Customs Preventive team successfully recovered 808 grams of gold from a passenger arriving from Dubai. The estimated value of the seized gold is approximately Rs 49.12 lakh. The incident took place on Tuesday morning when SpiceJet flight SG 56 arrived. The customs spokesperson reported that during the routine inspection, one of the passengers raised suspicion. Although no gold was found during the initial luggage search, upon further questioning, it was discovered that the passenger had concealed gold inside his anus. A thorough personal search was conducted, and three capsules weighing a total of 1173 grams were found hidden in his rectum. These capsules contained 808 grams of gold, which were later ext...

Jul312023 by anoopkamboj3No Comments

25 small companies gave more than 100% return in 6 months

Business

The Indian stock market has been breaking new records, but the real earnings are being made by investors in smaller companies. In the last week alone, 68 small cap companies have given more than 10% returns, with 17 companies giving 20% and 8 companies giving more than 25% returns. What's more, over 25 companies have gained more than 100% in just 6 months. Small cap companies are those with a market capitalization of less than Rs 5000 crore. Market expert Prakash Divan believes that small cap companies still have the potential to boom. While the larger companies have already seen significant growth, smaller companies are still undervalued and have room for growth. This presents a great opportunity for investors to make significant returns.

Jun162023 by anoopkamboj3No Comments

Tax statements are unable to be downloaded on the site, millions of returns stuck since 7 days

Business

New Delhi | ITR filers are worried since a week. Reason- Transaction and tax liability forms of tax payers are not being downloaded on the portal of Income Tax Department. Due to this, the work of filing returns has come to a standstill in the entire country. If the same situation prevails, it may be difficult to file the return by the last date of July 31. Income tax expert Rajesh Jain says. As soon as the new financial year starts, the department makes available all the return forms from ITR-1 to 7 digitally, this time it did not happen.

Jun32023 by anoopkamboj3No Comments

GST collection in Punjab fell by 5% in May

Business, News

Chandigarh | The GST collection of Punjab registered a decrease of 5 percent in the month of May as compared to the month of May last year and the GST collection in May 23 remained only Rs 1744 crore as against Rs 1833 crore received last year. At the same time, in the month of April this year, for the first time, Punjab has received GST of Rs 2316 crore in a month. Only three states of the country have registered a decrease in GST in May, including Manipur by 17 percent and Chhattisgarh by 4 percent, while Punjab is the only state among the big states whose GST collection has fallen.

May232023 by anoopkamboj3No Comments

Punjab: 1.42 lakh withdrawn by changing ATM card in Sangrur

Business

Sangrur | By changing the ATM card of the person withdrawing money from the ATM, 2 people got the cash withdrawn and ran away. Jasbir Singh, a resident of Lehra, told the police in his complaint that he had gone to the Shiv Mandir Lehra near the SBI ATM to withdraw money, but the money did not come out even after inserting the card 3-4 times. Meanwhile, 2 persons came to the ATM, who took the ATM card and changed his card to help him withdraw the money. They got Rs 1,42,500 withdrawn from his account. On the complaint of Jasbir Singh, the police registered a case against two persons in Lehra police station. Is. At the same time, the police is engaged in identifying the accused with the help of CCTV footage.

Apr282023 by anoopkamboj3No Comments

New premium of private insurance companies increased by 35%, LIC decreased

Business

In the case of life insurance, the business of private companies increased rapidly. Their New Business Premium (NBP) increased by 35.12% in March and 20% in the last financial year. But the NBP of the entire life insurance industry declined by 12.6% as the NBP of the largest insurer LIC declined by around 37%. The number of policies sold last month also decreased by 12.2%. The premium growth of HDFC Life, Max Life, ICICI Prudential and SBI Life in the past month was 83.45%, 42.59%, 30.78% and 23.15% respectively. In March 2023, the individual non-single premium of all private companies stood at Rs 13,635.21 crore. This is 57.35% more than in March 2022. According to a report by HSBC Global Research, this jump in demand has been seen due to the withdrawal of tax exemption by the governmen...