« Latest Circulars » Open DEMAT Account in 24 hrs  RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks  Processing of Applications Received Under the Citizen’s Charter - Status as on July 31, 2026  RBI Issues Amendment Directions on Interest Rate on Deposits  Reserve Bank of India (Commercial Banks – Resolution of Stressed Assets) Third Amendment Directions, 2026  Winding up of Paytm Payments Bank Limited  Reserve Bank of India (Regional Rural Banks Income Recognition, Asset Classification and Provisioning) Second Amendment Directions, 2026  Rationalisation of Foreign Exchange Management (Non-Debt Instruments) Rules 2019 Draft Rules for Comments   Governor Reserve Bank of India meets MD and CEOs of Public Sector Banks and select Private Sector Banks  RBI issues Prudential Norms on Specified Non Financial Asset acquired by Regulated Entitites  RBI issues draft Guidance on Regulatory Expectations for Data Governance  Governor, Reserve Bank of India meets MD & CEOs of Public Sector Banks and select Private Sector Banks «  CBDT Order of Extension... Tax lingo poses challenge... » Decision on CBDT draft instruction soon July, 04th 2006 The government is considering the comments received from various quarters on the CBDTs controversial draft instructions which proposed to distinguish between an investor in stocks and a trader in stocks for the purpose of taxation, CBDT chairman MH Kherawala has said. The last date for submitting comments on the draft instructions was June 15. Replying to a query, she said the government had received a large number of comments on the draft and these were under consideration. Through the draft, CBDT had sought to ambiguity over defining stock market income. It was purportedly designed to prevent market players from offsetting trading income against other business income to evade capital gains tax. The official said the government had received a large number of suggestions on the proposal to shunt out direct tax exemptions. On these, a final view would emerge only later. The government had been receiving about 10,000 responses every day on the proposals.