![Developers now entitled to drawback claims if supplies from Domestic Tariff Area to foreign suppliers are in foreign currency: Central Govt. [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/11/Domestic-Tariff-Area-foreign-suppliers-foreign-currency-Central-Government-Taxscan.jpg "Developers now entitled to drawback claims if supplies from Domestic Tariff Area to foreign suppliers are in foreign currency: Central Govt. [Read Notification]")
Developers now entitled to drawback claims if supplies from Domestic Tariff Area to foreign suppliers are in foreign currency: Central Govt. [Read Notification]
The Central Government notified the Special Economic Zones (Amendment) Rules, 2020 so as to amend the Special Economic Zones Rules, 2006. With the...
![Brokerage received by Reinsurance Broker in Indian Rupees treated as receipts for Export in Foreign Currency, No Service Tax applicable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/04/WhatsApp-Image-2020-04-16-at-12.12.16-PM.jpeg "Brokerage received by Reinsurance Broker in Indian Rupees treated as receipts for Export in Foreign Currency, No Service Tax applicable: CESTAT [Read Order]")
![Govt reconstitutes Advisory Board of COFEPOSA [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-18-5.jpg "Govt reconstitutes Advisory Board of COFEPOSA [Read Notification]")
Expenditure of Premium of Redemption of Foreign Currency Convertible Bonds is Revenue in Nature: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Strides Shasun Ltd. v. The ACIT held that the expenditure of premium of redemption of foreign currency convertible bonds...
![Expenditure of Premium of Redemption of Foreign Currency Convertible Bonds is Revenue in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Foreign-Currency.jpg "Expenditure of Premium of Redemption of Foreign Currency Convertible Bonds is Revenue in Nature: ITAT [Read Order]")
No TDS since Amount paid to RMCs by Tour Operators for Purchase of Foreign Currency cannot be treated as Commission: ITAT [Read Order]
A division bench of Income Tax Appellate Tribunal, Mumbai recently declared that no TDS can be availed since amount paid to RMCs by Tour operators, for purchase of foreign currency cannot be treated...
![No TDS since Amount paid to RMCs by Tour Operators for Purchase of Foreign Currency cannot be treated as Commission: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Tour-Operators-Service-Tax-Taxscan.jpg "No TDS since Amount paid to RMCs by Tour Operators for Purchase of Foreign Currency cannot be treated as Commission: ITAT [Read Order]")
![No GST on services supplied to Nepal against payment in Indian Currency [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/08/GST-Tax-Scan.jpg "No GST on services supplied to Nepal against payment in Indian Currency [Read Notification]")
Travel, Telecommunication Expenses & Ex-Pat Salary paid in Foreign Currency are Excludable from both Export & Total Turnover: ITAT [Read Order]
The division bench of the ITAT, Bangalore, in ACIT v. M/s Century Link Technology India Pvt. Ltd, has held that the payments made in foreign currency towards foreign travel, telecommunication expenses...
![Travel, Telecommunication Expenses & Ex-Pat Salary paid in Foreign Currency are Excludable from both Export & Total Turnover: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Travel-Abroad-Taxscan.jpg "Travel, Telecommunication Expenses & Ex-Pat Salary paid in Foreign Currency are Excludable from both Export & Total Turnover: ITAT [Read Order]")