Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: VAT RATES :: VAT Audit :: articles on VAT and GST in India :: form 3cd :: due date for vat payment :: ACCOUNTING STANDARDS :: cpt :: TDS :: ACCOUNTING STANDARD
 
 
News Headlines »
 Use ITR-2 to show salary and capital gains income
  TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
  How to file ITR for FY 2016-17 and all the links you need
 All about E-way Bill under GST
 Good and simple tax: on the GST regime
 Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3
 Good news, find Tax Return Preparers soon at a place near you; 5 things to know
 Filing of GST return
 Why cement companies are going in for M&As
 Govt moves to rework direct tax law after PM’s nudge
 New offer available for filing tax returns online, how to avail

Sebi to refer suspect cases to I-T dept
June, 23rd 2007
The Securities and Exchange Board of India (SEBI) has decided to refer the recently unearthed manipulation cases in the derivatives market to the income-tax department.
 
It has also decided to initiate adjudication proceedings against all the identified brokers. By passing on the information to income tax department, the regulator wants to send a clear signal that manipulation could prove to be costly.
 
According to sources close to development, the market regulator will be seeking a probe into the fictitious gains and losses booked under the F&O segment for tax evasion purposes.
 
The suspect deals will be closely scrutinised. Most of the brokers chose to trade in those derivatives where the underlying securities were illiquid for a considerable period of time.
 
The market players had resorted to tax evasion last year as well. The income tax department tracked down transactions in the penny stocks which were grossly manipulated to help individuals bring in their unaccounted funds to the mainstream financial system.
 
According to a rough estimates by the department, revenues worth Rs 200-300 crores is lost every year as no tax is levied on long-term capital gains and short-term gains tax is pegged at only 10 per cent, official sources said.
 
On Tuesday, the Securities and Exchange Board of India (Sebi) had identified 24 market players, including 14 brokers and 10 clients, which were involved in manipulating the derivatives segment on the National Stock Exchange (NSE).
 
The players against whom cease and desist orders have been issued included Indiabulls Securities, Angel Capital, SMC Global Capital and Khandwala Financial Services. Indiabulls later claimed that some clients had executed such trades online.
 
This is the first time that such an order has been passed in the derivatives trading segment, which has been attracting huge volumes in recent months, as the average daily turnover is around Rs 40,000 crore.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions