If the 28% GST is implemented, there would be significant changes in the online gaming business   A ‘potential write-off of USD2.5 billion’. This is the staggering sum that venture capital investors in the online gaming business claim they would face if the government passes a 28% GST rate on the industry. Two dozen global and local fund companies, headed by Peak XV Partners, Tiger Global, DST Global, Steadview, and others, wrote to the Centre […]

Salaried people are receiving income tax letters for FY21-22 ITR deductions:  keep an eye out for current ITR According to reports, the income tax department has begun issuing warnings to salaried persons requesting documentation of tax exemptions and deductions claimed on income tax returns (ITRs). Individuals may claim different tax exemptions and deductions under income tax regulations if they choose the previous tax system. For example, a person may claim a tax exemption on house […]

POLICY DEVELOPMENTS IN INDIAN SECURITIES MARKET Transactions in Corporate Bonds Through Request for Quote Platform by Stock Brokers SEBI has taken steps to increase the liquidity on Request for Quote (RFQ) platform of stock exchanges to enhance transparency and disclosure pertaining to trading in secondary market in corporate bonds. Certain stipulations were made for transactions on RFQ platform by mutual funds, portfolio management services and alternate investment funds. To increase liquidity of corporate bonds (CBs) […]

Online gaming companies await clarity as recurrence taxation worries rise. As they await full notice from the GST Council’s legislation committee, which has imposed a 28% goods and services tax on the business, online gaming firms are concerned that possible recurrent taxation might be a death blow. According to industry experts, this may result in a 50-60% indirect tax burden on gamers since most of them utilize their winnings to play another game, which would […]

CMD Register: Your Indian Business Intelligence Portal Service providers who offer Company Registers are an important part of the business world today because they give important information and details about companies. In India, the Ministry of Corporate Affairs (MCA) was in charge for a long time. But now, several companies offer this service. These service providers keep large files with important information about companies, their leaders, their finances, and other important facts. One company that […]