We need a personal tax system that’s simpler and fairer
Tax benefits remain uneven for various investments in ways that are unfair to the voiceless It’s that time of the year when the noise around the central government’s budget reaches…
Interest on non-payment of GST may be recovered without notice
Backed by a court decision, the goods and services tax (GST) authorities may now directly recover interest accrued on non-payment of GST due to mismatch in invoices without sending any…
Centre seeks regulatory fast track for LIC ahead of India’s largest IPO
The government has asked regulators for a swift review of Life Insurance Corporation’s draft prospectus, two government sources with knowledge of the matter said — as it pulls out all…
Aadhaar verification : How to scan Aadhaar using QR code?
Synopsis According to the UIDAI website, e-Aadhaar QR codes contain demographic information about the resident such as Name, Address, Date of Birth, Gender, and Masked Aadhaar Number. In addition, the…
Shares in demat form must for processing investors’ service requests: Sebi
With an aim to enhance ease of dealing in securities markets, Sebi on Tuesday said listed companies will issue the securities in dematerialised form only while processing the service request…
Income Tax refunds of Rs 1.62 trillion issued so far this fiscal
The Central Board of Direct Taxes (CBDT) has issued Rs 1.62 lakh crore income tax refunds to over 1.79 crore taxpayers till January 24, 2022 of the current financial year,…
RBI asks people to follow safe digital banking practices amid rising cyber frauds
SynopsisObserving that unscrupulous elements are defrauding people by using innovative modus operandi, including social media techniques and mobile phone calls, the RBI urged the members of public to take all…
Sebi introduces framework for Special situation funds
Capital markets regulator Securities and Exchange Board of India (Sebi) has introduced a framework for Special Situation Funds (SSFs) that will invest only in stressed assets under Category I Alternative…
Sebi gives itself powers to grant exemptions to FPIs
Synopsis The Securities and Exchange Board of India (Sebi) can now use special powers to relax compliance requirements for foreign funds. The capital markets regulator’s board has been empowered to…
Income tax deductions and benefits that the salaried expect from Budget 2022
Tax-free work from home allowances, Standard deduction hike are among some of the expectations o the salaried class from Nirmala Sitharaman’s Union Budget 2022 Budget 2022 is round the corner.…