International Taxation Archives | Page 3 of 3

05 Feb 2022

How Budget 2022 should tax cryptocurrencies: View

Bitcoin was the first cryptocurrency to hit the market in 2009. After that, several cryptocurrencies were launched including Bitcoin Cash, Ripple (XRP), Litecoin, etc. As per an estimate, more than 8,000 cryptocurrencies exist as of January 2022.

Tags: Annual Information Statement (AIS), Bitcoin, capital asset, Higher tax rate, Loss should not be allowed to be set off against other income, Statement of Financial Transaction (SFT), TDS / TCS
Comments: 0
Posted by: professionalusr

04 Feb 2022

Global banks handling FPI trades approach RBI as T+1 regime nears

Multiple FPI lobbies have over the past six months told the finance ministry and Sebi the technical difficulties of a T+1 settlement which none of the large markets have.

Tags: Demat account, Foreign Portfolio Investors (FPIs), Reserve Bank of India (RBI), SEBI, T+1, T+2
Comments: 0
Posted by: professionalusr

02 Feb 2022

Govt explains residency criteria for NRI, gives example of ‘tie breaker rule’

"An Indian citizen who is having a permanent home in UAE and have his employment or business in UAE and most of the time stay in UAE would not be hit by this provision and would remain resident of UAE," said the government.

Tags: Sub-section (1A) in Section 6, The Finance Bill 2020
Comments: 0
Posted by: professionalusr

29 Jan 2022

Saudi Arabia grants citizenship to group of “talented” expats

Saudi Arabia has granted citizenship to a group of expatriates including doctors, clerics and academics, becoming the second Gulf Arab state to introduce a formal naturalization programme for foreigners with exceptional skills this year.

Tags: achieve Vision 2030 goals, experts and exceptional global talents, granted citizenship, Saudi Arabia
Comments: 0
Posted by: professionalusr

28 Jan 2022

SEBI to rationalise settlement proceeding norms

Separate guidelines dealing with the procedure to be adopted for arriving at suitable terms pursuant to the filing of a compounding application will be issued.

Tags: Foreign Portfolio Investors (FPIs), Internal Committee (IC), SEBI
Comments: 0
Posted by: professionalusr

India	IST 9:00 am to 7:00 pm
USA (New York) / Canada	EST 9:00 am to 1:00 pm
Australia (Melbourne)	AEST 1.30 pm to 11:00 pm
Africa	EAT 9:30 am to 9:30 pm
France	CET 9:30 am to 7:30 pm
Singapore	SST 11:30 am to 8:30 pm

How Budget 2022 should tax cryptocurrencies: View

Global banks handling FPI trades approach RBI as T+1 regime nears

Govt explains residency criteria for NRI, gives example of ‘tie breaker rule’

Saudi Arabia grants citizenship to group of “talented” expats

SEBI to rationalise settlement proceeding norms

Chandresh Panara

Mr. Ayas Ahmad