What are the tax rules applicable for freelancers in India?
A freelancer can opt for only ITR-3 or ITR-4 to file income tax return (ITR) Income from freelance jobs is treated as ‘profits and gains from business or profession’ for…
Note on RBI circular for Framework for Geo-tagging of Payment System Touch Points
Framework for Geo-tagging of Payment System Touch Points Introduction Geo-tagging Meaning Geo-tagging refers to capturing the geographical coordinates (latitude and longitude) of payment touch points deployed by merchants to receive…
Dividend Criteria for Equity Investment under “Approved Investment”
Date : 24th March, 2022 In continuation to circular no: IRDAI/F&I/CIR/INV/255/09/2021 Dt. 27th Sep, 2021 on the subject, the Authority in exercise of its powers conferred under Regulation 14(2) of…
Judgement on providing clarity in definition of Financial Debt as per the provision of the Code
Subject Insolvency and Bankruptcy Code, 2016 Case Name M/s. Orator Marketing Private Limited Vs. M/s. Samtex Desinz Private Limited Corporate Debtor M/s Samtex Desinz Private Limited M/s Samtex Desinz Private…
Framework for Geo-tagging of Payment System Touch Points
To facilitate nuanced spread of acceptance infrastructure and inclusive access to digital payments, the Monetary Policy Statement 2020-21 on October 08, 2021 had announced that a framework for geo-tagging of…
Introduction of Options on Commodity Indices – Product Design and Risk Management Framework
March 24, 2022 To The Managing Directors / Chief Executive OfficersAll Recognized Stock Exchanges and Clearing Corporations having CommodityDerivatives Segment Dear Sir/Madam, 1. In an endeavour to have more products…
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2021-22)
March 24, 2022 All Agency Banks Dear Sir / Madam All government transactions done by agency banks for Financial Year 2021-22 must be accounted for within the same financial year.…
Change in control of Sponsor and/or Manager of Alternative Investment Fund involving scheme of arrangement under Companies Act, 2013
March 23, 2022 To, All Alternative Investment Funds Sir / Madam, Regulation 20(13) of SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”), inter-alia, requires that in case of change in…
Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 – Amendment
Please refer to the Master Direction DOR.MRG.42/21.04.141/2021-22 dated August 25, 2021 – ‘Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021’ (hereinafter referred as ‘Master Direction’). 2.…
Standardisation of industry classification – Revision in Chapter – XIV of Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper
March 22, 2022 To, Issuers who have listed and/ or propose to list debt securities;Recognised Stock Exchanges;Registered Depositories;Registered Credit Rating Agencies, Debenture Trustees,Electronic Book Providers Chapter – XIV of the…