Latest news with #Khaitan&Co
Economic Times
13 hours ago
- Business
- Economic Times
Will eased KYC norms revive foreign investment in Indian sovereign bonds?
Mumbai: India's regulatory latitude on compliance and KYC norms for foreign funds buying only sovereign bonds is expected to burnish the allure of an asset class already featuring in global gauges, although an immediate halt to recent outflows would require worldwide rate dynamics and geopolitical risks to settle in favour of the emerging markets. ADVERTISEMENT "Considering that the Indian economy is growing and the market is coming up the maturity curve with inclusion in global indices, it is quite logical for making the investing route easier for FPIs," said Divaspati Singh, partner at Khaitan & Co. According to a senior official at a foreign bank, there has been a long-pending demand to ease the operational issues around reporting and KYC. On Wednesday, Sebi approved the proposal to relax certain regulatory requirements for all existing and prospective foreign portfolio investors that exclusively invest in G-Secs. Overseas investors have been shedding Indian bonds of late. Easing of the KYC norms are unlikely to lead to an immediate trend reversal. "While this may not see a sudden spurt of inflows, it does make life easier for FPIs participating only in G-secs," Singh overseas banker expects long-term benefits from Sebi's move. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
13 hours ago
- Business
- Time of India
Will eased KYC norms revive foreign investment in Indian sovereign bonds?
Mumbai: India's regulatory latitude on compliance and KYC norms for foreign funds buying only sovereign bonds is expected to burnish the allure of an asset class already featuring in global gauges, although an immediate halt to recent outflows would require worldwide rate dynamics and geopolitical risks to settle in favour of the emerging markets. "Considering that the Indian economy is growing and the market is coming up the maturity curve with inclusion in global indices, it is quite logical for making the investing route easier for FPIs," said Divaspati Singh, partner at Khaitan & Co. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Chi phí cấy ghép răng là bao nhiêu vào năm 2025 (kiểm tra giá) Cấy ghép răng | Quảng cáo tìm kiếm Tìm hiểu thêm Undo According to a senior official at a foreign bank, there has been a long-pending demand to ease the operational issues around reporting and KYC. On Wednesday, Sebi approved the proposal to relax certain regulatory requirements for all existing and prospective foreign portfolio investors that exclusively invest in G-Secs. Bonds Corner Powered By Will eased KYC norms revive foreign investment in Indian sovereign bonds? India's relaxation of KYC norms for foreign funds investing solely in sovereign bonds aims to enhance the appeal of this asset class, already included in global indices. While easing operational issues is a welcome step, an immediate reversal of recent outflows hinges on favorable global rate dynamics and reduced geopolitical risks. Experts anticipate long-term benefits for FPI participation in G-secs. India's Larsen & Toubro may explore another ESG bond issue after debut attracts premium, spokesperson says Indian bond yields marginally higher; focus on oil, debt supply Sebi eases norms for foreign investors who only buy government bonds Lending yields set to shrink in FY26 as banks play it safe Browse all Bonds News with Overseas investors have been shedding Indian bonds of late. Easing of the KYC norms are unlikely to lead to an immediate trend reversal. "While this may not see a sudden spurt of inflows, it does make life easier for FPIs participating only in G-secs," Singh said. An overseas banker expects long-term benefits from Sebi's move. Live Events
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Business Standard
10-06-2025
- Business
- Business Standard
Excel Utility revised for filing tax returns: Here's what has changed
Spreadsheets templates in Excel Utility to file Income Tax returns for assessment year 2025-26 have changed, particularly for ITR-1 and ITR-4. The templates have stricter disclosure norms and additional reporting fields, prompting the government to extend the ITR filing deadline for non-audit cases from July 31 to September 15, 2025. Stricter disclosure requirements for old regime Ashish Mehta, partner at law firm Khaitan & Co, said the new ITR forms for the old tax regime require much more detailed information. 'For claiming old regime deductions such as 80C, 80D, 80U, HRA (house rent allowance) and home loan interest, detailed disclosures including PPF (public provident fund) details, insurance policy numbers, lender names, addresses, and disease names must now be provided,' said Mehta. A new section has also been added to report income from pass-through entities like Real Estate Investment Trusts (ReITs), Infrastructure Investment Trusts (InvITs), and Alternative Investment Funds (AIFs). Additionally, the Assets and Liabilities schedule is now mandatory only if income exceeds Rs 1 crore up from the earlier Rs 50 lakh threshold. Further, taxpayers must specify the section of tax under which tax has been deducted across income types, a move aimed at improving traceability and accuracy. Capital gains and exempt income According to Mehta, ITR-1 and ITR-4 now allow disclosure of exempt long-term capital gains from listed shares and equity mutual funds up to Rs 1.25 lakh. 'These forms also reflect amendments from Finance Act No. 2 of 2024, with clear bifurcation for gains before and after July 23, 2024, in line with the revised capital gains taxation rules,' he added. Changes for salaried, senior citizens Salaried individuals and senior citizens opting for the old regime will face greater scrutiny due to the expanded disclosure norms. However, the government has made it easier for small investors to use simpler forms. 'ITR-1 Sahaj can now be used by those earning exempt long-term capital gains up to Rs 1.25 lakh. This simplifies filing for salaried individuals and senior citizens, reducing the compliance burden,' said Mehta. Simplified tax filing The updates align with the government's broader strategy to promote the default new tax regime and minimize errors. 'These changes are clearly a step towards cleaner filings. By pushing for detailed disclosures under the old regime, the tax department can curb false claims, expedite refunds, and reduce litigation,' Mehta said.
The Hindu
05-05-2025
- Business
- The Hindu
BIMTECH 37th convocation 2025: 713 students graduate; Vice President Jagdeep Dhankhar addresses
Birla Institute of Management Technology (BIMTECH) hosted its 37th Annual Convocation held on May 5, 2025, at the India Exposition Mart Ltd, Greater Noida. The graduation ceremony was conducted for the cohort of PGDM, PGDM (Retail Management), PGDM (Insurance Business Management, PGDM (International Business), PGDM (Online), and for Fellow Programme in Management (FPM/EFPM). The graduation ceremony was virtually attended by Vice-President of India, Jagdeep Dhankhar. The ceremony was presided by Jayashree Mohta, Chairperson, Board of Governors, along with Dr. Prabina Rajib, Director, BIMTECH, Nand Gopal Khaitan, Senior Partner (Dispute Resolution, Real Estate), Khaitan & Co, and Vikash Kandoi, Member-Board of Governors. Addressing the gathering, Mr. Dhankhar shared, 'The world is changing at a pace that is much faster than the Industrial Revolution. Bharat, at the moment, is a global center of opportunity and growth. Amongst large economies facing difficulties, we have managed to sustain our trajectory and traverse from Fragile 5 to the largest 5 economies of the world. Let us resolve that we work in a direction to iron out the rough edges and make our democracy blossom by nurturing democratic values at the highest level, with highest commitment.' Delivering the welcome address, Ms. Mohta, Chairperson, Board of Governors, shared, 'Convocation is not merely a ceremony, but a celebration of perseverance, learning, and transformation. Over the years, our rich legacy has fostered collaborations between academia and industry, ensuring our students are equipped not only with knowledge but with real-world insights, ethical grounding, and a global perspective. As future leaders, I urge you to bring integrity, inclusivity, and impact to every boardroom, start-up, and enterprise you become part of.' Dr. Rajib shared, 'Your journey at this institute has equipped you to navigate the tectonic shifts in geopolitical alignments and technological breakthroughs that are reshaping our world at an unprecedented pace. As you step beyond the gates of this institution, carry with you the values of integrity, sustainable innovation, and inclusivity. May your journey ahead be marked by purpose, passion, and a commitment to creating value for society. Congratulations to each one of you, the future awaits your brilliance'. Inspiring the students, Mr. Khaitan, Senior Partner (Dispute Resolution, Real Estate), Khaitan & Co, shared, 'I think you all have been born in Golden India. There is no limit to work, there is no time for work. You have to work diligently and hard. I would like you all to work very hard, but also be very credible, and only then will you be successful. If a fly lands on your shoulder, you quickly brush it away. But you should work on changing yourself from a fly into a butterfly. When a butterfly lands on someone, they admire it and want to keep it. So, aim to become someone who is valued and appreciated by others. Most importantly, never leave the side of your parents, mentors, friends, and teachers.' The graduating batch consisted of a total 713 students including PGDM, PGDM (Retail Management), PGDM (Insurance Business Management), PGDM (International Business), PGDM-Online, and Executive Fellow Programme in Management. The ceremony also honoured academic achievements of 18 graduates with medals and cash prizes.
Reuters
13-02-2025
- Business
- Reuters
India's new income tax bill proposes broad access to taxpayers' devices, social media accounts
NEW DELHI, Feb 13 (Reuters) - India's new income tax bill proposes sweeping powers for authorities to access taxpayers' emails, trading and social media accounts during searches, activities which are not covered in the current tax law. Indian Finance Minister Nirmala Sitharaman presented a revamped and condensed version of the income tax law in parliament on Thursday, as the country moves to simplify the six-decade old legislation. The proposed bill will be screened first by a select committee in parliament, Sitharaman said. According to the new Income Tax Bill, 2025, tax authorities during a search will be able to access taxpayers' email servers, online investment accounts, trading and bank accounts, social media accounts and digital application servers, among other things. Under the present law, tax authorities were still demanding access to taxpayers' laptops, hard disks and emails, but it was open to contention as the law did not explicitly mention accessing devices or such records, said Sanjay Sanghvi, a partner at law firm Khaitan & Co. Under the new bill, taxpayers on whom a search is being conducted by the tax authorities would have to provide access to their electronic records and "virtual digital space". Virtual digital space, a concept not covered in the current decades-old law, has been defined as platforms that allow users to interact using computers, and includes email servers, accounts for banking and trading, and social media and cloud servers. If access to such records is declined, tax authorities can override the systems, the bill says. The federal finance ministry did not respond to an email seeking comment outside office hours. "This represents a notable departure from the present Income-tax Act, 1961, which did not explicitly cover such digital domains," said Vishwas Panjiar, a partner at law firm Nangia Andersen LLP. "Without clear safeguards, these extensive powers could lead to taxpayer harassment or unnecessary scrutiny of personal data," Panjiar said, adding that a balanced approach is necessary to ensure that legitimate tax investigations do not infringe on digital rights and privacy.
