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Consultation Paper on Algorithmic Trading by Retail Investors

December 9, 2021 1197 Views 0 comment Print

The objective of Consultation Paper on Algorithmic Trading by Retail Investors is to seek comments/views from various stakeholders including market intermediaries and the public on algorithmic trading being done by retail investors including use of API access and automation of trades using the same.

Two new agencies enlisted under Appendix 2E of FTP, 2015-2020

December 8, 2021 810 Views 0 comment Print

Two new agencies i.e. 1. Powerloom Development & Export Promotion Council (PDEXCIL) & 2. Vadodara Chamber of Commerce & Industry (VCCI) are enlisted under Appendix 2E of FTP, 2015-2020 for issuing Certificate of Origin (Non-Preferential). MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi, the 8th December, 2021 Public […]

CBDT notifies Protocol amending DTAA with Kyrgyz Republic

December 8, 2021 1185 Views 0 comment Print

Protocol amending the Agreement between the Government of the Republic of India and the Government of the Kyrgyz Republic for the Avoidance of Double Taxation and for the Prevention of Fiscal Evasion with respect to taxes on income signed at New Delhi on 13th April, 1999.

RBI maintain status quo with regard to repo & reverse repo rate

December 8, 2021 849 Views 0 comment Print

Policy repo rate remains unchanged at 4 per cent, and the stance remains accommodative as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy

More than 3 crore Income Tax Returns filed on new e-Filing portal

December 8, 2021 1416 Views 2 comments Print

More than 3 crore Income Tax Returns filed on new e-Filing portal of Income Tax Department; Taxpayers who are yet to file their ITRs for AY 2021-22 advised to file at the earliest More than 3 crore Income Tax Returns have now been filed on the new e-Filing portal of the Income Tax Department as […]

DRI busts Foreign Currency Smuggling Racket

December 8, 2021 1053 Views 0 comment Print

The Directorate of Revenue Intelligence (DRI) has seized Foreign Currency of INR Value Rs. 1.42 Crores at CSI Airport, Mumbai. The DRI has arrested a pax attempting to smuggle foreign currency out of India. Based on pin pointed Intelligence, officers of DRI Mumbai Zonal Unit intercepted a pax Sh. Karan Singh who had arrived at […]

No ITR for specified senior citizens

December 8, 2021 11931 Views 4 comments Print

A new section 194P inserted in Income-tax Act, 1961 provides that senior citizens above 75 years, having only pension & interest income from accounts maintained with bank in which they receive pension will be exempted from filing ITR. No ITR for specified senior citizens Through Finance Act, 2021, a new section 194P has been inserted […]

All about filing of eForm CHG-8

December 8, 2021 21762 Views 0 comment Print

eForm CHG-8 – Application to Central Government for extension of time for filing particulars of registration of creation / modification / satisfaction of charge OR for rectification of omission or misstatement of any particular in respect of creation/ modification/ satisfaction of charge Part I – Law(s) Governing the eForm CHG-8 Section 77(1) of the Companies […]

Payment of GST compensation to States in times of COVID-19 pandemic

December 8, 2021 1458 Views 0 comment Print

As per the provisions of the GST (Compensation to States) Act, 2017, GST compensation for financial years 2017-18, 2018-19 and 2019-20 has already been paid to the States. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today. The Minister further […]

Changes to all-in-cost benchmark & ceiling for FCY ECBs/ TCs

December 8, 2021 2667 Views 0 comment Print

In view of the imminent discontinuance of LIBOR as a benchmark rate, it has been decided, in consultation with stakeholders, to make the following changes to the all-in-cost benchmark and ceiling for FCY ECBs/ TCs

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