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Sanjib Kumar Mondal

Latest Posts by Sanjib Kumar Mondal

Now get ₹25 lakh exemption on your leave encashment !!

May 26, 2023 5934 Views 3 comments Print

Explore the increased tax exemption on leave encashment for non-government employees in India. Learn about the new limit, eligibility, and implications on retirement benefits.

e-RUPI : why is it a game changer in digital payments ?

December 13, 2022 2448 Views 0 comment Print

Unlock the potential of e-RUPI, a revolutionary digital payment instrument on NPCIs UPI platform. Explore its impact on government welfare schemes, MSME credit accessibility, corporate applications, and its role in advancing digital governance with enhanced transparency.

Analysis on under-invoicing of Imports into India

November 19, 2022 6366 Views 0 comment Print

Uncover the truth behind under-invoicing of imports into India. Explore the impact of trade mis-invoicing on illicit financial flows and tax evasion.

India records over $1 billion of monthly exports of mobile phones in September 2022

October 16, 2022 1011 Views 0 comment Print

For the first time ever, India’s monthly exports of mobile phones surpassed the $1 billion threshold in September 2022 with y-o-y growth of more than 200%. Mobile phone exports: April 2022 – September 2022 : $ 4.2 billion April 2021 – September 2021 : $ 1.7 billion Meaning, as compared to same period last year, […]

How does RBI makes money to pay huge dividends?

October 8, 2022 8457 Views 0 comment Print

Under Section 47 of the RBI Act, 1934, after making provisions for bad and doubtful debts, depreciation in assets, contribution to staff and superannuation funds and for all matters for which provisions are to be made by or under the Act or that are usually provided by bankers, the balance of the profits of the Bank is required to be paid to the Central Government.

Taxing the Un-taxed: the curious case of Exempt Agricultural Income of Rich Farmers in India

October 4, 2022 9735 Views 4 comments Print

Agriculture is exempt from income tax under Section 10(1). Taxes on agricultural income falls under Entry 46 in ‘State List’ under the Constitution of India. Thus, only the State Governments are competent to enact legislations for taxation of agricultural income and levy income tax. Thus, farmers who have no other sources of income are not required to file income tax returns.

Can an Insolvent company be classified as a Going Concern entity?

October 2, 2022 1419 Views 0 comment Print

Understanding the concept of a going concern entity in insolvency. Learn about the legal aspects and recovery prospects for lenders in corporate liquidation.

How Inflation in economy results in hidden income tax hikes

September 30, 2022 1890 Views 3 comments Print

Understanding the impact of inflation on income taxes. Discover how hidden tax hikes can occur due to fixed tax brackets and deductions that lose value over time.

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May 2024