Snehal khanna Blog

CBDT Chairman said that while many such investors did not pay advance tax on the benefits which they have accrued, some others have not explained these investments in their tax returns LATEST NEWS :    The profits Tax department has issued "few lakh" notices to those who have put their budget in bitcoins and it is running to attain taxes which are due on these investments, the CBDT chief stated. CBDT Chairman Sushil Chandra instructed PTI that it has come to the awareness of the taxman that at the same time as many such buyers "did not pay improve tax" on the benefits which they have got collected, a few others have now not explained those investments of their tax returns in the past. The branch had carried out pan-India surveys at those exchanges in December last 12 months. "we've issued notices (to traders) and they (lots of them) have agreed to pay taxes. we can actually take taxes as some distance as the cash is concerned which is invested...

As per existing regulations, if there are losses in a fund at the end of its life, the same cannot be passed onto its investors BUDGET NEWS  :  At a time while Finance Minister Arun Jaitley and his crew would be getting set for Union finances 2018-19, the non-public fairness industry is seeking a skip-via of losses on the fund level for category 1 and category 2 opportunity investment funds (AIFs). in step with the present guidelines, if there are losses in a fund on the cease of its life, the identical cannot be surpassed onto its investors. ‘‘this is a massive difficulty with VC or infra budget. Over a fund lifestyles of 8-to-nine years, a fund may additionally emerge as with one or two loss-making companies,” says Gopal Srinivasan, president, Indian non-public equity & mission Capital association. The policies say that earnings may be surpassed onto investors, but losses must be kept on the fund level. curiously, Sebi’s authentic task capital rules of 1...

Sinha says he would have opposed it "tooth and nail" had he been the Finance Minister. LATEST NEWS :  Dissident BJP chief Yashwant Sinha stays unfazed by all the grievance he has confronted for his sturdy critique of the financial system and asserts that lack of jobs will be a prime issue inside the subsequent Lok Sabha elections. He also feels any try at polarising voters on issues just like the Ram temple or Article 370 of the constitution will now not paintings on a country-wide foundation. On demonetisation, which he has been strongly important of, Sinha says he might have adversarial it "tooth and nail" had he been the Finance Minister. "I sense vindicated (at the Indian express article attacking the authorities's dealing with of the financial system). My first pride is that the problem is being debated. there may be quite an informed debate happening. I stand by the records and figures I quoted. I see no symptoms to this point o...