SEBI vide its circular dated 24th November, 2022 with respect to Green Debt Securities vis-à-vis its offering as Municipal Debt Security, has notified that for the purpose of SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015 [ILMDS], the green debt securities would be also permissible security, and since ILMDS itself does not define Green Debt Security
The indirect tax regime underwent a major revolution on July 1, 2017, and introduced the Goods and Services Tax (GST) for the industry which has modernized the entire indirect tax structure of India. The past five years were like a roller coaster ride for both the taxpayers and tax authorities.
The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted by the following entities which have received FDI (foreign direct investment) and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current year i.e., who holds foreign assets or/and liabilities in their balance sheets
Real estate agencies have a lot of financial information to track, from rental income to property sales to commission payments. It can be easy for things to slip through the cracks without proper accounting management.
Assessee, a retired bank employee earning pension, deposited Rs.15 lakhs cash in his bank account on 13.11.2016 which he explained as withdrawal on 13.10.2015 or a perceived need and kept the cash with him and the very same cash was deposited . AO rejected the explanation for the reason that the assessee failed to explain the perceived need for which cash was withdrawn holding that no prudent person would keep cash and lose interest if he deposits the money in FD. AO treated the cash deposit u/s 69A. CIT(A) confirmed the addition.
An ATM is a computerised machine that provides customers of banks the facility of accessing their accounts for dispensing cash and to carry out other financial & non-financial transactions without the need to visit the bank branch.
Everything you need to know about the Payment and Settlement Systems Act, 2007. Get answers to FAQs and understand the objective of this important legislation.
Under the facility of cash withdrawal at PoS terminals, cardholders can withdraw cash using their debit cards and open system prepaid cards issued by banks in India.
Understand the 5 crucial factors that determine your personal loan eligibility. Make sure you meet these criteria to secure an instant personal loan.
PPIs are instruments that facilitate purchase of goods and services, including financial services, remittance facilities, etc., against the value stored on such instruments. PPIs that can be issued in the country are classified under three types viz. (i) Closed System PPIs, (ii) Semi-closed System PPIs, and (iii) Open System PPIs.
