FINANCE

ONDC seem Biggest Threat for Swiggy/Zomato Price of McDonald’s Burger 🍔 • Swiggy/Zomato - ₹282.5 • ONDC - ₹109.4 Over 60% Savings for Users This is UPI Moment for India’s E-Commerce 🚀 Let’s decode this Commission (18-24%) is the Biggest Head for Restaurants,  They also pay Platform Fee & Taxes This eventually increases the overall cost for users, also less profit margin for Restaurants While ONDC is Building a Sustainable Ecosystem Restaurants just pay 2-4% commission, Delivery cost to be paid by Users Read More on this - https://inc42.com/features/restaurants-have-ondcs-back-to-end-swiggyzomato-duopoly-will-they-succeed/ To be clear & Takeaways • There’s no separate app for ONDC, you can’t find directly on the App Store • ONDC is an Ecosystem, currently you can use Paytm & a few other integrated apps • ONDC is still in Beta and available in selected cities Restaurants can offer better pricing to users because they save aggregator (...

As per many High Court Judgements, & CBDT Instruction No 1916 Married Women – 500 grams Unmarried Women – 250 grams Male Member – 100 grams For example, in a family consisting of a Father, Mother, Married Son & his Wife and unmarried Daughter, total 5 members can hold 2 Married Women – 500 *2 = 1000 gms 2 Male Member – 100*2 = 200 gms 1 Unmarried Women = 250*1 = 250 gms Total = 1450 gms of Gold Jewellery The CBDT guidelines in Instruction No 1916 define the limits for Search operation and seizure and not for assessment, however, various High Court rulings considering Indian Traditions and Customs are of the opinion that such holding found in possession will not be questioned for its source and acquisition.  The quantities specified in the instruction are to be treated as reasonable and therefore explained and should not be the subject matter of additions during assessments As per Hindu Tradition, gol...