RBI issues Directions for Compounding of Contraventions under FEMA [Read Circular]
The Reserve Bank of India ( RBI ) on 1 October, 2024 issued A.P. (DIR Series) Circular titled "Directions - Compounding of Contraventions under The...
![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]")
![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]")
Know the Provisions in Income Tax Act and Other Legislations against Circulation of Black Money in Real Estate
The following was asked in an unstarred question in Lok Sabha addressed to the Finance Minister, the Minister of State for Finance Pankaj Chaudhary. Whether the Government has made any estimate of...
Alleged Contraventions of FEMA Provisions: ED issues SCN to Think & Learn Pvt Ltd and Byju Raveendran
The Directorate of Enforcement (ED) has issued Show Cause Notices (SCN) to Byju Raveendran, Founder of Byju’s and Think and Learn Pvt Ltd for alleged contravention of Foreign Exchange Management Act...
RBI Modifies FEMA (Debt Instruments) Regulations in relation to NRIs' Purchase of Dated Government Securities from Rupee Accounts [Read Notification]
The Reserve Bank of India (RBI) has notified the amendment to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 (Principal Regulation) vide notification no. FEMA.396(2)/2023-RB...
ICAI releases Ready Reference of Different Industries For easy Audit; the Analysis of Modified Opinions
The Institute of Chartered Accountants of India (ICAI) has released the analysis of modified opinion, the ready reference of different industries having similar issues in the audit. According to...
