Daily digest for Gupta Chandan & Associates, on May 24, 2022

posted: "With an objective to examine and review the state of customer service in the REs and to ensure adequacy of customer service regulations and suggest measures to improve customer service, the RBI has constituted a 6 members Committee. The Committee among ot" Gupta Chandan & Associates RBI constitutes a 6 members committee for review of customer service standards in RBI-regulated-entities (REs) May 24 With an objective to examine and review the state of customer service in the REs and to ensure adequacy of customer service regulations and suggest measures to improve customer service, the RBI has constituted a 6 members Committee. The Committee among other functions will evaluate efficacy, adequacy and quality of customer service in REs vis-à-vis […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/rbi-constitutes-a-6-members-committee-for-review-of-customer-service-standards-in-rbi-regulated-entities-res/ Powered by Jetpack

posted: "The RBI has directed banks to enhance the ceiling limit on loan to individuals for carrying out repairs/additions/alterations to their dwelling units to Rs 10 lakh in metropolitan cities (cities with a population of 10 lakh and above) and Rs 6 lakh in oth" Gupta Chandan & Associates Now homebuyers in metros can take loan up to Rs. 10 lakh for carrying out repairs/alterations to their dwelling units May 24 The RBI has directed banks to enhance the ceiling limit on loan to individuals for carrying out repairs/additions/alterations to their dwelling units to Rs 10 lakh in metropolitan cities (cities with a population of 10 lakh and above) and Rs 6 lakh in other cities. Earlier, RBI vide Circular UBD.CO.BPD. (PCB).Cir.No.13/09.22.010/2013-14 dated September 10, 2013, […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/now-homebuyers-in-metros-can-take-loan-up-to-rs-10-lakh-for-carrying-out-repairs-alterations-to-their-dwelling-units/ Powered by Jetpack

posted: "The SEBI has reviewed the regulatory framework w.r.t passive funds in India and on the recommendation of the working groups has made various changes w.r.t Norms for Debt Exchange Traded Funds (Debt ETFs)/ Index Funds, Market Making Framework for ETFs. The" Gupta Chandan & Associates SEBI reviews regulatory framework w.r.t passive funds in India; lays down norms for debt index funds and ETFs May 24 The SEBI has reviewed the regulatory framework w.r.t passive funds in India and on the recommendation of the working groups has made various changes w.r.t Norms for Debt Exchange Traded Funds (Debt ETFs)/ Index Funds, Market Making Framework for ETFs. The SEBI clarified that the existing norms for Debt ETFs/ Index Funds issued vide SEBI […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/sebi-reviews-regulatory-framework-w-r-t-passive-funds-in-india-lays-down-norms-for-debt-index-funds-and-etfs/ Powered by Jetpack

posted: "The SEBI registered Investment Advisor vide letter dated March 4, 2022, sought an interpretative letter under the SEBI (Informal Guidance) Scheme, 2003 on the issue that in case, add-on services are provided to the client, a separate fee will be charged f" Gupta Chandan & Associates Investment Advisors are required to ensure client level segregation for investment advisory and distribution services: SEBI May 24 The SEBI registered Investment Advisor vide letter dated March 4, 2022, sought an interpretative letter under the SEBI (Informal Guidance) Scheme, 2003 on the issue that in case, add-on services are provided to the client, a separate fee will be charged for the same along with AUA based fee being charged for investment advisory. SEBI […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/investment-advisors-are-required-to-ensure-client-level-segregation-for-investment-advisory-and-distribution-services-sebi/ Powered by Jetpack

posted: "INCOME TAX : Where assessee-company had let-out its business premises along with other amenities and received certain rental income, since only commercial space was given by assessee on a licence basis, rental income received thereon was to be assessed un" Gupta Chandan & Associates Sum received from letting out business premises along with other amenities is taxable under head business income: HC May 24 INCOME TAX : Where assessee-company had let-out its business premises along with other amenities and received certain rental income, since only commercial space was given by assessee on a licence basis, rental income received thereon was to be assessed under head business income and not income from house propertyINCOME TAX : Where assessee-company had let-out […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/sum-received-from-letting-out-business-premises-along-with-other-amenities-is-taxable-under-head-business-income-hc/ Powered by Jetpack

posted: "INCOME TAX : Where assessee, deriving salary income and income from other sources, was served with intimation under section 143(1) passed by CPC, Bangalore for non-compliance of advance tax provisions and Commissioner (Appeals) observed that in absence of" Gupta Chandan & Associates Senior citizen constantly filing salary return not liable to advance tax even if he fails to submit copy of terms of service May 24 INCOME TAX : Where assessee, deriving salary income and income from other sources, was served with intimation under section 143(1) passed by CPC, Bangalore for non-compliance of advance tax provisions and Commissioner (Appeals) observed that in absence of copy of terms of service, assessee had failed to prove employer-employee relationship and, thus, assessee was earning […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/senior-citizen-constantly-filing-salary-return-not-liable-to-advance-tax-even-if-he-fails-to-submit-copy-of-terms-of-service/ Powered by Jetpack