![RBI Announces Relaxations for Exports Via Warehouses in ‘Bharat Mart’, UAE [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/04/bharat-mart.jpg "RBI Announces Relaxations for Exports Via Warehouses in ‘Bharat Mart’, UAE [Read Circular]")
RBI Announces Relaxations for Exports Via Warehouses in ‘Bharat Mart’, UAE [Read Circular]
The Reserve Bank of India (RBI), through A.P. (DIR Series) Circular No. 03 dated April 23, 2025, has announced huge relaxations for Indian exporters...
RBI Notifies 4th Amendment to Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2024 [Read Notification]
The Foreign Exchange Department of the Reserve Bank Of India ( RBI ) through Notification No. FEMA 10 (R)/(4)/2024-RB brought certain amendments to the Foreign Exchange Management (Foreign...
Section 56 (2)(vii) not Applicable to Non-Resident: ITAT deletes Income Tax Addition of Rs. 9.31 Cr [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs. 9.31 crore citing the non-applicability of Section 56(2)(vii) to non-residents. The assessee is a private...
![Section 56 (2)(vii) not Applicable to Non-Resident: ITAT deletes Income Tax Addition of Rs. 9.31 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-ITAT-ITAT-delhi-Section-56-2vii-Income-Tax-Appellate-Tribunal-non-applicability-Income-Tax-Addition-taxscan.jpg "Section 56 (2)(vii) not Applicable to Non-Resident: ITAT deletes Income Tax Addition of Rs. 9.31 Cr [Read Order]")
"Money Laundry": ED searches Shipping and Logistics Co, Seizes Assets & Cash worth Rs. 2.54 Cr under FEMA
The Enforcement Directorate ( ED ) has recently carried out extensive searches under the provisions of the Foreign Exchange Management Act, 1999 ( FEMA ) at various locations associated with a...
PayPal valid mode for Receipt of Foreign Export Proceeds under FEMA for GST Purposes: Madras HC [Read Order]
A Single Bench of the Madras High Court has held that PayPal is a valid mode for receipt of foreign export proceeds under Foreign Exchange Management Act and Goods and Services Tax Act. The Goods...
![PayPal valid mode for Receipt of Foreign Export Proceeds under FEMA for GST Purposes: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/PayPal-Receipt-Foreign-Export-FEMA-GST-Purposes-Madras-HC-taxscan.jpg "PayPal valid mode for Receipt of Foreign Export Proceeds under FEMA for GST Purposes: Madras HC [Read Order]")
