Sebi eases commodity position limits, caps penalties for breaches

The rupee’s depreciation and strict valuation rules hinder foreign income disclosure. A one-time voluntary disclosure window allows regularization of overseas assets up to one crore. However, many exceed this limit due to currency conversion dates and asset values. Taxpayers explore updated returns and disclosure schemes, risking misrepresentation claims. Clarification on valuation rules is needed for…

On Tuesday, Indian stock markets experienced a decline, with both Sensex and Nifty ending lower amid rising crude oil prices and concerns over potential Fed interest rate hikes. However, mid and small-cap segments managed to gain ground, finishing positively. Analysts warn that this negative trend might persist short-term, advising investors to favor large-cap stocks in…

Cops on toes after city schools receive bomb threat