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« Latest Circulars » |
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Open DEMAT Account in 24 hrs | Auction of State Government Securities Feb 23, 2024 | RBI imposes monetary penalty on The Adinath Co-Operative Bank Limited, Dist. Surat, Gujarat | The Relevance of SEACEN in a Turbulent World (Closing remarks by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - February 15, 2024 - at the 59th SEACEN Governors' Conference | Business restrictions imposed on Paytm Payments Bank Limited vide Press Releases dated January 31 and February 16, 2024 | Extension of validity of Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - HCBL Co-operative Bank Ltd., Lucknow (U.P.) | Business restrictions imposed on Paytm Payments Bank Limited vide Press Releases dated January 31 and February 16, 2024 | Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District Extension of Period | Reserve Bank of India (Government Securities Lending) Directions, 2023 | Building resilient brand India amidst global uncertainty (Speech by Shri Swaminathan J, Deputy Governor, Reserve Bank of India - December 28, 2023 - at the 10th SBI Banking and Economic Conclave in Mumbai) | Trade Credit for imports into India Submission of return on issuance of bank guarantees for Trade Credits on the Centralised Information Management System (CIMS) | Minutes of the Monetary Policy Committee Meeting, December 6 to 8, 2023 |
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« CBDT Order of Extension... | Tax lingo poses challenge... » |
Decision on CBDT draft instruction soon |
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July, 04th 2006 |
The government is considering the comments received from various quarters on the CBDTs controversial draft instructions which proposed to distinguish between an investor in stocks and a trader in stocks for the purpose of taxation, CBDT chairman MH Kherawala has said. The last date for submitting comments on the draft instructions was June 15. Replying to a query, she said the government had received a large number of comments on the draft and these were under consideration. Through the draft, CBDT had sought to ambiguity over defining stock market income. It was purportedly designed to prevent market players from offsetting trading income against other business income to evade capital gains tax.
The official said the government had received a large number of suggestions on the proposal to shunt out direct tax exemptions. On these, a final view would emerge only later. The government had been receiving about 10,000 responses every day on the proposals.
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