The income tax department on Tuesday evening said payment gateways facilitating e-commerce transactions don’t need to deduct taxes if the e-commerce platform has deducted it already. For proper implementation, e-tailers and payment gateways may have an understanding on the same, the Central Board of Direct Taxes (CBDT) circular said. Earlier, industry stakeholders had said that […]
Archives for 2020
No need for payment gateways to deduct tax if e-tailer does it
The income tax department on Tuesday evening said payment gateways facilitating e-commerce transactions don’t need to deduct taxes if the e-commerce platform has deducted it already. For proper implementation, e-tailers and payment gateways may have an understanding on the same, the Central Board of Direct Taxes (CBDT) circular said. Earlier, industry stakeholders had said that […]
Fundraising clocks fastest rebound in digital sector, says Avendus CEO
L-R: Avendus founders Ranu Vohra, Gaurav Deepak, Kaushal Aggarwal Fundraising in the digital sector has clocked the fastest rebound since the Covid-19 crisis hit businesses worldwide, according to Gaurav Deepak, CEO of homegrown financial services firm Avendus Capital. Besides technology, pharma and food have come back strongly while IT services continues to remain robust, he […]
Fundraising clocks fastest rebound in digital sector, says Avendus CEO
L-R: Avendus founders Ranu Vohra, Gaurav Deepak, Kaushal Aggarwal Fundraising in the digital sector has clocked the fastest rebound since the Covid-19 crisis hit businesses worldwide, according to Gaurav Deepak, CEO of homegrown financial services firm Avendus Capital. Besides technology, pharma and food have come back strongly while IT services continues to remain robust, he […]
Startups accuse ‘gatekeeper’ Google of not playing fair
Illustration: Rahul Awasthi Indian startups are up in arms against the Google Play Store for forcing apps with in-app purchases to use its “expensive and unaffordable” billing system. Google levies a 30% commission against 1.5-2% levied by external gateways. While the policy has always been in place, it’s only now being enforced in India. This […]
Startups accuse ‘gatekeeper’ Google of not playing fair
Illustration: Rahul Awasthi Indian startups are up in arms against the Google Play Store for forcing apps with in-app purchases to use its “expensive and unaffordable” billing system. Google levies a 30% commission against 1.5-2% levied by external gateways. While the policy has always been in place, it’s only now being enforced in India. This […]
App Radar: New tech and next steps
I hope you’ve been enjoying all that Xero On Air has to offer throughout September. If you haven’t had the chance to check it out yet, make sure you take the time to do so. For those reading this after-the-fact, think of it as a handy summary of all of the exciting app updates on […]
Wells Fargo CEO’s comments fit a disturbing pattern
Wells Fargo’s CEO makes me wonder: Which other leaders in the financial services quietly share his views? In a company memo this past summer, Wells’ Chief Executive Charlie Scharf blamed his company’s lack of diversity on “a very limited pool of Black talent to recruit from.” The day after it became public this month, Scharf […]
Providing advisors with the tools to support small business owners’ mental health in Australia
Working with small businesses is a highly rewarding experience but it can also have its challenges. We’ve heard first-hand how accountants and bookkeepers are feeling the emotional impact, as they’ve become the first line of support for many of their clients due to the impact of COVID-19. Now more than ever advisors are often having […]
Vail accounting executive resigns – The Daily Camera
Vail Resorts Inc. (NYSE: MTN) chief accounting officer and controller Ryan Siurek has resigned from those positions effective Tuesday, according to a filing with U.S. Securities and Exchange Commission. The disclosure did not provide a reason for Siurek’s departure. Siurek is being replaced by Nathan Gronberg, a 42-year-old who has been assistant controller since early […]