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Day: August 2, 2024

-Wilful-and-Large-Defaulters

RBI Directs Banks to Block Credit for Wilful and Large Defaulters

Posted by By CA ALOK KUMAR August 2, 2024Posted inIncome Tax Act 19611 Comment
The Reserve Bank of India (RBI) has issued stringent directives to regulate the credit facilities provided to wilful and large defaulters. This move is aimed at strengthening the financial discipline…
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Sovereign gold bond

SGB Taxation Changes 2024: New Capital Gains Tax on Sovereign Gold Bonds

Posted by By CA ALOK KUMAR August 2, 2024Posted inIncome Tax Act 1961, Long-term Capital gain, Short-term Capital gain, Sovereign Gold Bonds, Sovereign Gold Bonds Taxation1 Comment
Sovereign Gold Bonds (SGBs) are a unique investment option for retail investors, providing a way to invest in gold without the need to hold physical gold. SGBs offer interest payments…
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August 2024
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