Representations received to withdraw LTCG: FinMin

Representations received to withdraw LTCG: FinMin In his Budget, Finance Minister Arun Jaitley had proposed introduction LTCG tax of 10 per cent on stock market gains exceeding Rs 1 lakh. Finance ministry today said it has received representations for withdrawal of the long term capital gains (LTCG) tax on listed securities proposed in the Union […]

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Income Tax department attaches benami properties worth Rs 39 billion

Income Tax department attaches benami properties worth Rs 39 billion Show cause notices for provisional attachment of benami properties were issued in over 1,500 cases Income tax department has provisionally attached benami properties of over Rs 39 billion in more than 1,200 cases, the Finance Ministry informed the Rajya Sabha today. In a written reply, […]

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Trai Chief hits back at telcos; says allegations of bias uncalled for

Trai Chief hits back at telcos; says allegations of bias uncalled for Trai Chairman RS Sharma today slammed incumbent telecom operators for trying to dent the sectoral regulator’s impartiality and credibility, saying that their allegations of bias or favour in regulation are absolutely “inappropriate and uncalled for”. He said the regulator has framed the rules […]

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SEBI to relax start-up net worth norms, allow listing on SME platform

SEBI to relax start-up net worth norms, allow listing on SME platform Move follows failure of ITP to attract start-ups; many have raised money from PE investors and have much higher networth to qualify for the platform Market regulator Securities and Exchange Board of India (Sebi) is planning to allow start-ups to list on the […]

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SEBIputs more safeguards for FPI investors

SEBIputs more safeguards for FPI investors Sebi has also allowed category-II FPIs to act as participatory notes (p-notes) issuers Market regulator Sebi has further amended the “Easing of access norms for investment by FPIs” circular by providing further safeguards. In the new circular, Sebi has asked private banks who invest on behalf of their clients […]

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CBDT to conduct nationwide review of tax collection for FY18 today

CBDT to conduct nationwide review of tax collection for FY18 today In December, the CBDT had revised the target for direct tax collection to Rs 10 trillion, which includes personal income tax and corporate tax, up from the budgeted Rs 9.8 trillion The Central Board of Direct Taxes (CBDT) will conduct on Wednesday a countrywide […]

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