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The Central Board of Indirect Taxes and Customs (CBIC) is working on a mechanism to introduce a monetary limit for issuing GST demand notices, in a bid to reduce unnecessary disputes and avoid notices being issued on flimsy grounds, PTI reported citing a senior official on Tuesday.Shashank Priya, Member, CBIC, said the board will soon…
H-1B visa holders can apply for permanent residence in the US to escape any further action on foreign workers by the administration. The H-1B conundrum has triggered speculations that other visa categories also will face some heat from the Donald Trump administration — limiting the entry of foreigners in the United States. In a major…
Markets regulator Sebi on Friday announced a simplified framework for transferring securities from a nominee to the legal heir, aimed at reducing unnecessary tax and compliance hassles.Under the current system, such transfers were sometimes treated as “sales” and assessed for capital gains tax, even though Section 47(iii) of the Income Tax Act, 1961, exempts them….
Indian travellers with a valid US, UK, or Schengen visa can get visa on arrival if arriving via Saudi national carrier/ representative Image With Saudi Arabia’s Vision 2030 aiming to welcome over 100 million international tourists, the Kingdom has opened its borders wider than ever before. For Indian travelers, this translates to simplified visa processes…
