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What Are the Tax Implications on Income from Foreign Stocks in India?

Pradeep Sharma -
The income tax treatment from shares invested in a domestic company varies with those invested in a foreign company. The foreign exchange regulations in...
News

RBI: India’s Foreign Exchange Reserve Reaches a Record High

News Team -
The Reserve Bank of India (RBI) was notified on 1 September 2021 regarding the general allocation of Special Drawing Rights (SDR) by the International...
RBI

Penalty Rs. 10,000 on ATM soon, for non-replenishment with cash

CS Lalit Rajput -
RBI to impose Penalty Rs. 10,000 soon, for non-replenishment of ATMs with cash Key Highlights: Banks to be fined for non-availability of cash in ATMs. ...
Company Law

GST, Income Tax, Company Law, RBI, SEBI, ESI, EPF – Compliance Calendar for July 2021

TaxClue Team -
This article contains various Compliance requirements for the Month of July 2021 under various Statutory Laws. Compliance Requirement Under Income Tax Act, 1961 Goods...
RBI

Corporate Governance in Banks : Appointment of Directors and Constitution of Committees of the Board

Editor -
A Discussion Paper on ‘Governance in Commercial Banks in India’ was issued by the Reserve Bank on June 11, 2020, to review the framework...
RBI

Resolution Framework 2.0 : Resolution of Covid-19 related stress of Individuals, Small Businesses and MSMEs

TaxClue Team -
The Reserve Bank of India (RBI) on Friday decided to enhance the exposure threshold to Rs 50 crores under Resolution Framework 2.0. The Resolution...
RBI

RBI Relaxation Compliance Norms with Various Payment System Requirements

CS Lalit Rajput -
Keeping in view the resurgence of the COVID-19 pandemic and the representations received from the various bank and non-bank entities, it has been decided...
RBI

RBI Amends Master Directions on Bank KYC to Allow Video CIP, Simple Periodic Updation

News Team -
The Reserve Bank of India (RBI) has amended its master directions on known-your-customer (KYC) norms to further leverage the video-based customer identification process (V-CIP)...
RBI

Compliances under FEMA and RBI for May 2021

CS Lalit Rajput -
Applicable Laws/Acts Due Dates Compliance Particulars Forms / (Filing mode) FEMA ACT 1999 15 July every year Annual Return on Foreign liabilities and assets. The FLA return is required to be...
RBI

Extension of Cheque Truncation System (CTS) across all bank branches

Editor -
Reserve Bank of India (RBI) has concluded to extend the Cheque Truncation System (CTS) across all bank branches; presently, CTS is operational at all...
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