आर्थिक

Central Board of Direct Taxes (CBDT) deserves compliments for motivating Income-Tax payers by sending Certificates of Appreciation to those contributing appreciably through tax-payment. But these certificates should be sent within say a fortnight of final assessment. Moreover sending the attractive colourful certificate only through e-mail is not sufficient, because very few Income Tax payers have facility of colour-printers. These Certificates should also be sent through WhatsApp and more importantly on an attractive laminated card-paper through Speed Post so that contributors to national economy may proudly display these Certificates at their residences or work-places after getting these framed. Then more and more people will be motivated for racing for contribution of national econom...

It refers to justified comments of former Central Information Commissioner Shailesh Gandhi that banking-fraud like in Punjab and Maharashtra Co-operative (PMC) Bank could be prevented if Reserve Bank of India (RBI) would not have resisted his (CIC) orders despite Supreme Court having upheld these orders. Ultimately Apex Court on a contempt petition against RBI Governor had to give stringent-most warning to RBI for obeying Supreme Court pro-transparency order. CIC-order was -Merely because disclosure of such information may adversely affect public confidence in defaulting institutions, cannot be a reason for denial of information under the RTI Act. If there are certain irregularities in the working and functioning of such banks and institutions, the citizens certainly have a right to know a...

It is quite usual that private builder-groups are charging GST on previously booked units (flats, apartments, villas etc) at the old increased GST rate of 12-percent as was before 31.03.2019, even if these units are completed and allotted after 01.04.2019 when GST-rate was reduced to 5-percent. This is despite the fact that agreements signed clearly mention that the total price would be inclusive of taxes and cesses applicable on date of agreement with a condition that any decrease in taxes and cess, the booking company shall refund the excess amount charged at old increased GST-rate. There are instances where GST was reduced from 12-percent to 5-percent w.e.f. 01.04.2019 and the project was not completed till 31.03.2019. GST on such booked unit must have been revised to 5-percent from ear...