How indexation cost of a capital asset has arrived?
Capital gains are calculated considering the net cost of acquisition (after deducting brokerage, stamp duty, advertisement, Travelling expenses in connection with the transfer, Broker’s commission related to the shares sold, etc) and cost of improvement Expenses of a capital nature incurred in making any additions or alterations to the capital asset by the seller. Indexed…
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What are the roles of ‘SEBI’ as a capital market regulator?
Updated till December 1, 2023. The Securities and Exchange Board of India (SEBI) was established as the regulator for the Stock and Security market in India under the Securities and Exchange Board of India Act 1992. The main object of SEBI is to protect the interests of investors in securities and promote the development of…
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Concept and essence of Bank Kiosks
What is a Kiosk? A Kiosk is basically a small cabin or cubicle structure comparable to a telephone booth. Traditionally, we find a Kiosk where small vendors sell newspapers, refreshments, cold drinks, etc. Over the years, the concept of Kiosk is significantly changed. The modern-day Kiosks are provided with the computer and display in aesthetically…
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RBI releases FAQs on Cash withdrawal from POS terminals
RBI on Tuesday (May 5, 2020) issued FAQs on cash withdrawal from Point of sale (POS) terminals with the following information for general guidance purposes. The cash withdrawal facility at POS terminal is made available at merchant establishments designated by the acquirer banks (i.e. the banks that deploy the PoS terminals) after a process of…
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More time for submitting Forms 15G, 15H for FY2020-21 to avoid TDS
The Director (IT budget) CBDT by order u/s 119 permitted eligible tax payers to submit Form 15G/15H till June 30, 2020 for FY 2020-21. As per the order dated April 3, 2020 posted by the CBDT on its official twitter handle, “In case a person submitted valid 15G/15H to the banks/ for FY 2019-20, then…
RBI notifies Changes in Market Hours from April 7
On Friday Reserve bank of India notified revision of trading hours of various markets between April 7, 2020, and April 17, 2020 (both days inclusive). The revised timings will be between 10AM to 2PM from April 7, 2020, for all under noted markets. All regular banking services for customers, including RTGS, NEFT, e-kuber and other…
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