Does switching from one mutual fund scheme to another attract capital gains tax?
An individual can switch from one mutual fund scheme to another. The money is redeemed and directly reinvested.
Runup to the Budget 2020-21: Govt mulls no tax on LTCG with 2-year holding period
The government may also tweak the definition of ‘long term’...
Home Ministry issues notification, CAA comes into effect
The Citizenship (Amendment) Act officially came into operation on Friday. However, t...
Centre's exemption powers in draft data protection bill stir up industry worries
The outcry from industry watchers, analysts and civil society comes amid the draft bill suggesting that the Centre will be empowered to exempt any government agency from the application of the Act and verify social media users. The bill, which was cleared by the Cabinet last week, is likely to be introduced in the Lok Sabha in the next couple of days.
Sebi exempts family trusts linked to promoters of Somany Ceramics from open offer requirement
Under the transaction, Shreekant Somany will transfer 10.24% stake to Sanrakshith Family Trust.
Sebi exempts govt from open offer to Canara Bank shareholders
In September, the finance ministry had decided to infuse Rs 6,571 crore in the lender.
Data Protection Bill: Centre has the power to exempt any government agency from application of Act
It states that the Central govt has the power to exempt any of its agencies from application of the Act.
View: Charitable trusts must not exert corporate control
A charitable trust cannot invest money in shares. But that privilege continues for the Tatas and Birlas.
A taxpayer-friendly interface for India Inc: Is it tough proposition?
Bring in technology to cut interfacing between tax assessment officer (AO) and taxpayer.
Sebi exempts family trust linked to promoters of SRF, Kama Holdings from open offer requirement
ABR Family Trust had sought exemption from the obligation of making open offer following the proposed acquisitions of shares and voting rights in the target companies -- Kama Holdings and SRF.
Commerce Ministry looking at ways to revamp SEZ policy
It has also discussed ways for implementation of the remaining recommendations of Baba Kalyani report on SEZ to facilitate ease of doing business in the present global market scenario, the ministry said in a statement.
Can I claim HRA exemption for rent paid for two locations?
An individual can claim an exemption on house rent paid during the financial year. There are certain rules that must be followed to calculate the amount of exemption that can be claimed by you.
Commerce ministry holds meeting with SEZ players to discuss issues
One of the members of this committee, Srikanth Badiga, said issues related to further improving ease of doing business for these zones were also discussed. The industry demand to extend the direct tax incentives to SEZ units beyond March 31 also figured in the meeting.
View: The upcoming Budget and other moves will bring the economy back on track
It is time for commentators on the economy to offer their wish lists of reforms to the finance minister.
GST rate hikes may come in phases to reduce price pains
A panel of officials looking at the option of small hikes in lower rates or moving up items in tranches.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service