Tuesday, September 29, 2020

Bilateral Netting of Qualified Financial Contracts Act, 2020 receives assent of the President

The President has approved of the Bilateral Netting of Qualified Financial Contracts Act, 2020. The objective of Act is to ensure financial stability and promote competitiveness in Indian financial markets by providing enforceability of bilateral netting of qualified financial contracts and for matters connected therewith or incidental thereto.

from taxmann.com News https://ift.tt/3je9zsH

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...