Understanding Credit Ratings: Sebi Master Circular Mastering Credit Ratings As an investor considering debt instruments, it’s vital to be aware of the credit ratings assigned by agencies such as CRISIL and ICRA. These ratings serve as a crucial indicator of the instrument’s safety and risk level. To comprehend these ratings, it’s essential to grasp the underlying assessment criteria utilized by these agencies and the latest directives from the Securities and Exchange Board of India (Sebi) […]

Why Small Finance Banks Are Not Applying for Universal Banking Licences Yet Introduction The Reserve Bank of India recently announced new rules and guidelines for small finance banks (SFBs) to convert into universal banks. This is aimed at allowing SFBs to expand their operations and offer a wider range of financial services to customers. However, despite the new regulations, it is unlikely that any SFB will apply for a universal banking licence in the near […]

 Why Delaying Income Tax Return Filing Until 15 June Might Be Wiser Introduction: The income tax return (ITR) filing for the financial year 2023-24 (current assessment year) was opened in the first week of April. Although this is earlier than usual, there are compelling reasons to delay filing until 15 June. Reasons to delay ITR filing until 15 June TDS Reporting Exercise by Banks Finishes by 31 May: Banks and other entities report the tax […]

How to Minimize Tax Liability and Maximize Investment Returns: Easy Tax Management Rules for Retail Investors Introduction: Over the past decade, India’s equity markets have seen remarkable growth, attracting participation from retail investors. However, income from investments such as dividends, long-term capital gains, and short-term capital gains attracts taxes that can reduce their total returns. In this article, we present easy tax management rules for retail investors to help them minimize their tax obligations and […]

India’s Direct Tax Performance in 2023-24 India’s recent fiscal performance has exceeded expectations, particularly in the realm of direct tax collections. Data released recently showcased a significant uptick in net direct tax collections for the fiscal year 2023-24, reaching ₹19.58 trillion, marking a notable 17.7% increase from the previous year.   Key Highlights of the Direct Tax Collections Breakdown: Net corporate tax collections surged by 10.3%. Net income tax collections witnessed a substantial growth of […]