The Securities and Exchange Board of India (Sebi) has proposed to change the ‘fit and proper person’ criteria for market intermediaries including stockbrokers, in a move to reduce compliance burden for entities facing legal proceedings. The regulator has suggested to remove automatic disqualification of individuals holding key positions on filing of an FIR (first information […]
The budget has made an effort to simplify tax collection by proposing threshold and rate changes in tax collected at source (TCS), offering significant relief to overseas travellers, parents with children pursuing foreign education and those going for medical treatment.TCS on education and medical remittances has been lowered to 2% from 5%. Foreign tour packages […]