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Related-party transactions: New disclosure norms for debt-listed entities

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RBI releases framework for offline digital payments

To push digital transactions in rural and semi-urban areas, the Reserve Bank of India (RBI) on Monday issued a framework allowing offline payments up to Rs 200 per transaction, subject…

Retail Direct Scheme: RBI notifies market making plan to promote retail participation in G-Secs

Mumbai: The Reserve Bank of India (RBI) on Tuesday notified the market making scheme to promote retail participation in government securities by providing prices/quotes to retail direct gilt (RDG) account…

Restrictive GST rules take effect

The Commerce Ministry has let the exporters start the New Year in a better frame of mind. The last date for filing applications for duty credit scrips under the Merchandise…

Surety Insurance : IRDAI Issues Final Guidelines; Infrastructure Sector To Benefit

India’s insurance regulator has issued the final guidelines for surety insurance, a move aimed at supporting the infrastructure sector that’s prone to delays, defaults and litigation. The IRDAI (Surety Insurance…

‘Enforce new GST rules in a fair manner’

Under the new rules, if a seller fails to report or meet the tax obligations, the buyers cannot claim tax credits NEW DELHI : The Central Board of Indirect Taxes…

Physical or digital: Choose the ITR verification method you find convenient

Your tax return will become invalid unless it is verified within 120 days Even if you have met the December 31 deadline for filing IncomeTax Return (ITR) for AY 2021-22,…

IRDAI bats for ‘reasonable’ remuneration to insurance CEOs, to limit variable pay

Releases draft guidelines The Insurance Regulatory and Development Authority of India (IRDAI) has batted for ‘reasonable’ remuneration to insurance CEOs, to limit variable pay. This has been proposed in draft…

Gold exchanges : SEBI notifies regulations for vault managers

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5 things to know about Annual Information Statement

SynopsisAIS is a comprehensive statement of all the financial transactions of the taxpayer provided by various entities based on his/her PAN details. 1) The Income Tax Department rolled out the…