Deposit Insurance And Credit Guarantee Corporation: Arming Up A Dormant Provision? The Union Cabinet recently approved the DICGC (Amendment) Bill, 2021, which marks for some paramount changes to the deposit insurance laws as the same is argued to be aimed at revolutionising the position of the depositor in a bank under moratorium imposed by RBI. […]
SEBI consent not pre-condition to compounding offences under SEBI Act — Supreme Court interprets and issues guidelines Compounding offences under SEBI Act Offence punishable under the the Securities and Exchange Board of India Act 1992 (SEBI Act) may be settled i.e. compounded vide section 24A of the SEBI Act, either before or after the institution […]
Discover the benefits of Non Resident External (NRE) accounts for Indian seafarers. Learn how to earn and repatriate foreign currency tax-free.
Avoid unnecessary tax burden for seafarers in FY 2020-21. Get insights on how Indian seafarers can avoid paying taxes even if they haven’t completed NRI days.
Learn how the Deemed Residence Provisions in the Income Tax Act impact seafarers. Find out if seafarers are exempt from taxation in India.
Residential Status As per Section 6 of the Income Tax Act, 1961, a Seafarer shall be a Non-resident if he stays outside India for a period of 184 days or more (185 days or more in case of leap year) for the purpose of employment. Calculation of period outside India As per Notification No. 70/2015/ […]
The MoF has notified a new set of rules to add sub-rule (6) in rule 19A of the Securities Contracts (Regulation) Rules, 1957 to provide exemption to listed PSUs.
Notice under section 148 of Income Tax Act, 1961 without following the procedure under section 148A issued during 01.04.2021 to 30.06.2021 in relation to AY 2014-15 or earlier assessment years. A Controversy By way of various notifications issued under section 3 of the Taxation and Other Laws (Relaxation and Amendment Of Certain Provisions) Act, 2020 […]
Tax is a mandatory fee levied by the Government on an individual or entity to collect revenue for public work and we all are aware of the importance of tax for the development of any country. But, in many instances, we come across the news in our surroundings about tax evasion or non-payment of tax […]
THE MARINE AIDS TO NAVIGATION ACT, 2021An Act to provide for the development, maintenance and management of aids to navigation in India; for training and certification of operator of aids to navigation, development of its historical, educational and cultural value; to ensure compliance with the obligation under the maritime treaties and international instruments to which India is a party and for matters connected therewith or incidental thereto.
