Disclosure Of Assets
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Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
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EU Issues Warning to Crypto Influencers Before MiCA Legislation Goes Live
The EU has warned crypto influencers against advertising digital assets without providing full disclosure about the financial risks associated with the sector. By tightening the noose around crypto influencers, the MiCA bill aims to prevent insider dealing, unlawful disclosure of inside information, and market manipulation related to crypto-assets ...
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PM Modi's Assets Up By Rs 26 Lakh To Rs 2.23 Crore, Land Holding Donated
Prime Minister Narendra Modi owns assets worth over Rs 2.23 crore, mostly as bank deposits, but has no immovable properties as he has donated his share in a piece of land in Gandhinagar, according to his latest disclosure about assets.
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What You Need to Know About Crypto, NFT Laws in India
The Income Tax Department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 percent I-T plus cess and surcharges,...
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IT Department Notifies TDS Disclosure Requirements for Crypto, Virtual Digital Assets
The income tax department has announcement TDS disclosure requirements for cryptocurrency, virtual digital assets. From July 1, 1 percent TDS will be charged on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year.
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Coinbase CEO Brian Armstrong Says Disclosure Does Not Indicate Bankruptcy Risk
Coinbase CEO assured no risk of bankruptcy in light of a disclosure in its latest quarterly. He made these comments after Coinbase said that, in the event of bankruptcy, crypto assets held by the exchange could be considered property of the bankruptcy proceedings and customers could be treated as general unsecured creditors.
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Indian Banks Pursue Vijay Mallya In UK High Court For Assets Disclosure
Two superyachts, a game reserve, numerous undeclared high-value and vintage cars, valuable paintings and a piano previously owned by Elton John are among the assets in contention as part of a latest legal claim by Indian banks against embattled liquor tycoon Vijay Mallya in the UK High Court on Monday.
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Apart From PM Narendra Modi, Only 15 Ministers Have Disclosed Assets
Prime Minister Narendra Modi has disclosed that he has assets worth two crores. He has shared details on a government website in keeping with a rule he introduced after taking office.
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Supreme Court Questions Vijay Mallya On Assets, Transfer Of 40 Million Dollars To Kids
Liquor baron Vijay Mallya, who is presently in the United Kingdom, was posed searching questions on Thursday by the Supreme Court which asked him about the "truthfulness" of his disclosure of assets and transfer of 40 million US dollars to his children.
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No Need For Employees To Declare Assets Till New Rules Framed: Centre
Central government employees, who had a December 31 deadline to declare their assets and liabilities under Lokpal Act, do not need to make the disclosure for now as government is finalising a fresh set of rules.
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Disclosure Of Big Defaulters' Names Will Not Lead Anywhere: Supreme Court
The Supreme Court today said that disclosure of names of debtors, who owe Rs 500 crore and more to banks, will not lead "anywhere" as the important issue is to address "root cause" of accumulation of non-performing assets (NPAs).
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Supreme Court Seeks Vijay Mallya's Overseas Asset Details In 4 Weeks
Liquor baron Vijay Mallya today drew criticism from the Supreme Court for not making full disclosure of his overseas properties, which asked him to furnish complete details of his assets abroad within a month.
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Compliance Window For Domestic Black Money Opens Tomorrow
The 4-month disclosure window giving an opportunity to domestic black money holders to come clean by paying tax and penalty of 45 per cent on such assets will open tomorrow.
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Global Economic Body OECD Calls For Meeting Over 'Panama Papers' Fallout
Global economic body OECD has called a special session of countries, including India, on April 13 to firm up cooperation between nations in the wake of the 'Panama Papers' disclosures in which about 500 Indians have figured for holding offshore assets in the tax haven nation.
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Black Money Compliance Window Not to Apply if Proceedings Already On: Government
The government has said Indians against whom information has been received from foreign nations on overseas accounts or assets won't be eligible to use compliance window to make voluntary disclosures under the stringent new black money law.
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Basel Committee of Banking Supervision Approves Crypto Asset Disclosure Framework for Banks
The BCBS has given a green light to a ‘disclosure framework’ that will detail how the exposure of banks with crypto assets should go about. The disclosure framework by BCBS directs banks to maintain public records of their crypto engagements and their exposure to these risky assets.
-
EU Issues Warning to Crypto Influencers Before MiCA Legislation Goes Live
The EU has warned crypto influencers against advertising digital assets without providing full disclosure about the financial risks associated with the sector. By tightening the noose around crypto influencers, the MiCA bill aims to prevent insider dealing, unlawful disclosure of inside information, and market manipulation related to crypto-assets ...
-
PM Modi's Assets Up By Rs 26 Lakh To Rs 2.23 Crore, Land Holding Donated
Prime Minister Narendra Modi owns assets worth over Rs 2.23 crore, mostly as bank deposits, but has no immovable properties as he has donated his share in a piece of land in Gandhinagar, according to his latest disclosure about assets.
-
What You Need to Know About Crypto, NFT Laws in India
The Income Tax Department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 percent I-T plus cess and surcharges,...
-
IT Department Notifies TDS Disclosure Requirements for Crypto, Virtual Digital Assets
The income tax department has announcement TDS disclosure requirements for cryptocurrency, virtual digital assets. From July 1, 1 percent TDS will be charged on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year.
-
Coinbase CEO Brian Armstrong Says Disclosure Does Not Indicate Bankruptcy Risk
Coinbase CEO assured no risk of bankruptcy in light of a disclosure in its latest quarterly. He made these comments after Coinbase said that, in the event of bankruptcy, crypto assets held by the exchange could be considered property of the bankruptcy proceedings and customers could be treated as general unsecured creditors.
-
Indian Banks Pursue Vijay Mallya In UK High Court For Assets Disclosure
Two superyachts, a game reserve, numerous undeclared high-value and vintage cars, valuable paintings and a piano previously owned by Elton John are among the assets in contention as part of a latest legal claim by Indian banks against embattled liquor tycoon Vijay Mallya in the UK High Court on Monday.
-
Apart From PM Narendra Modi, Only 15 Ministers Have Disclosed Assets
Prime Minister Narendra Modi has disclosed that he has assets worth two crores. He has shared details on a government website in keeping with a rule he introduced after taking office.
-
Supreme Court Questions Vijay Mallya On Assets, Transfer Of 40 Million Dollars To Kids
Liquor baron Vijay Mallya, who is presently in the United Kingdom, was posed searching questions on Thursday by the Supreme Court which asked him about the "truthfulness" of his disclosure of assets and transfer of 40 million US dollars to his children.
-
No Need For Employees To Declare Assets Till New Rules Framed: Centre
Central government employees, who had a December 31 deadline to declare their assets and liabilities under Lokpal Act, do not need to make the disclosure for now as government is finalising a fresh set of rules.
-
Disclosure Of Big Defaulters' Names Will Not Lead Anywhere: Supreme Court
The Supreme Court today said that disclosure of names of debtors, who owe Rs 500 crore and more to banks, will not lead "anywhere" as the important issue is to address "root cause" of accumulation of non-performing assets (NPAs).
-
Supreme Court Seeks Vijay Mallya's Overseas Asset Details In 4 Weeks
Liquor baron Vijay Mallya today drew criticism from the Supreme Court for not making full disclosure of his overseas properties, which asked him to furnish complete details of his assets abroad within a month.
-
Compliance Window For Domestic Black Money Opens Tomorrow
The 4-month disclosure window giving an opportunity to domestic black money holders to come clean by paying tax and penalty of 45 per cent on such assets will open tomorrow.
-
Global Economic Body OECD Calls For Meeting Over 'Panama Papers' Fallout
Global economic body OECD has called a special session of countries, including India, on April 13 to firm up cooperation between nations in the wake of the 'Panama Papers' disclosures in which about 500 Indians have figured for holding offshore assets in the tax haven nation.
-
Black Money Compliance Window Not to Apply if Proceedings Already On: Government
The government has said Indians against whom information has been received from foreign nations on overseas accounts or assets won't be eligible to use compliance window to make voluntary disclosures under the stringent new black money law.
