News: Finance bill 2020 passed in Lok Sabha Facts: Key highlights Non-resident Indians will be taxed on India-controlled income above Rs 15 lakh. DDT exemption will be given to REITs and InvITs if not under the new corporate tax regime. Tax exemption to Sovereign Wealth Fund extended to Pension Funds for infra investment. TDS rate… Continue reading Finance Bill, 2020 passed in Lok Sabha
Tag: FINANCE BILL
Centre rejects SEBI plea to amend provision for transferring reserves
The Finance Ministry has refused to accept the request from the Securities and Exchange Board of India(SEBI) to amend the provision that mandates transferring 75% of the market regulator’s surplus funds to the central government. SEBI had written to the government seeking a review of the Budget proposal that mandates transferring 75% of the market… Continue reading Centre rejects SEBI plea to amend provision for transferring reserves
SEBI gets teeth to probe new-age cases
The Finance Bill,2019 has given the Securities and Exchange Board of India (SEBI) new powers to act against entities that tamper or destroy electronic databases or fail to furnish information. The bill has introduced section 15HAA in the SEBI Act.The section states that if a person tampers with information to obstruct or influence an investigation,destroys… Continue reading SEBI gets teeth to probe new-age cases
