The Securities and Exchange Board of India (SEBI) on Friday said it has done away with the requirement of issuing a Letter of Confirmation for credit of securities and will allow direct credit of securities to investors’ demat accounts. In a circular issued on January 30, Sebi said the move is aimed at simplifying and […]
NEW DELHI: Gross direct tax collections in the current financial year up to January 11 have seen a 4.14% annualised growth to about ₹21.5 lakh crore, driven by higher corporate tax revenues, according to the government data released on Monday. Net proceeds included net corporate tax revenues of over ₹8.63 lakh crore and tax from non-corporates came […]