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The central bank has added 600 kilograms to its gold reserves this fiscal year. (Representative image) In a strategic shift, India is betting on gold rather than dollar-based assets for its foreign exchange reserves. The Reserve Bank of India (RBI) is showing a preference for gold over dollar-based investments, data suggests. As of October 10,…
NEW DELHI: Supreme Court on Monday decided to examine a plea challenging the constitutional validity of Securities Transaction Tax (STT) imposed on stock market participants and sought a response from the Centre on a petition filed by a trader who alleged it violated the principle of double taxation. STT was introduced 2004 and is currently…
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….
