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Companies (Indian Accounting Standards) Amendment Rules, 2025: A Detailed Explanation [Read Notification]

Kavi Priya

The Ministry of Corporate Affairs (MCA), along with the National Financial Reporting Authority (NFRA), announced new rules on May 7, 2025, called the...

Know Your Currency - In-Depth Look - 20 Bank Note - taxscan

Know Your Currency: In-Depth Look at the ₹20 Bank Note

Know Your Currency: In-Depth Look at the ₹10 Bank Note

CBIC - Foreign Exchange Rate - Foreign Exchange - Export of Goods - taxscan

CBIC notifies Updated Foreign Exchange Rate of Import and Export of Goods: Check New Rate [Read...

Recovery of Currency Notes - Convict Accused - Mere Possession - TAXSCAN

Mere Possession and Recovery of Currency Notes without Proof of Demand not enough to Convict...

Why Rs. 2000 still a Legal Tender if RBI expects all Notes to Come Back

The RBI has withdrawn the circulation of Rs. 2000 denomination notes from the economy through a notification issued on 19th May 2023. The notification made very clear that it will continue as a legal...

Legal Tender - Rs. 2000 notes - RBI - Taxscan

Rs. 2000 withdrawal is Part of Currency Management, RBI Governor says not to Panic

The Reserve Bank of India (RBI) Governor, Shaktikanta Das addressed the public today (22nd May 2023) after the implementation of ‘Clean note policy’ on the Rs. 2000 denomination bank notes. The...

No Penalty on Confiscated Gold Bar in the presence of Cogent Evidence: CESTAT [Read Order]

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Delhi bench held that no penalty arises on a confiscated gold bar in the presence of cogent evidence. The appellant was...

RBI now empowered to restrict Export or Import of Currency [Read Notification]

The Reserve Bank of India (RBI) notified the Foreign Exchange Management (Export and Import of Currency) (Second Amendment) Regulations, 2020 which seeks to amend the Foreign Exchange Management...

RBI issues directions for permitting Rupee derivatives to be traded in IFSCs

The Reserve Bank of India (RBI) has released directions u/s 45 W of the Reserve Bank of India Act,1934 permitting Rupee derivatives (with settlement in foreign currency) to be traded in International...

Currency in which the Loan is to be Re-Paid determines the Rate of Return on the Money Lent: ITAT [Read Order]

In M/s. Russell Credit Limited vs. Joint Commissioner of Income Tax, Kolkata Bench of Income Tax Appellate Tribunal (ITAT) held that the interest rate should be the market-determined interest rate...