Fineprint Vol.7 2021
- 5 December 2023
- Posted by: Admin
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Indian economy is showing a dramatic recovery with all the sectors stabilizing after covid related lockdown, economic activity has picked up despite fear of the third wave. It is estimated if the third wave is not as severe as the second, the Indian economy will recover and grow faster than before.
In direct taxes, CBDT has allowed relaxation for filing of Form 15CA and 15CB. The taxpayers can now submit the Form 15CA and 15CB in manual format to the authorized dealers till 15th August 2021. A facility will be provided on the new e-filing portal to upload these forms at a later date for the purpose of generation of the Document Identification Number.
- Growth through innovation/creativity:
Rather than be constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees. - Increased profits:
The corporation will experience an increase in profits due to savings in operating costs as well as sales from new products, services and ventures.
- Higher business values:
The link between profits and business value means that the moment a corporation creates a new sustainable level of profit, the business value is adjusted accordingly. - Lower staff turnover:
This, combined with the culture that must exist for innovation and creativity to flourish, means that new employees will be attracted to the organization.
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