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RBI Amends FEMA Regulations to allow Exporters to Hold Foreign Currency Accounts in IFSCs [Read Notification]

Avinash Kurungot

The Reserve Bank of India has amended the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015,...

RBI Permits Standalone Primary Dealers to Participate in Non-Deliverable Rupee Derivative Markets...

CBDT Notifies Changes to Form 10CCF w.r.t. Calculation of IFSC’s Gross Income and Profit & Gains...

CBDT notifies exemption from Withholding Tax for Payments Made to Units of International Financial...

Income Tax Refunds: Common Grounds for Denial and Legal Remedies in India

SEBI Eases Entry for Stock Brokers into GIFT-IFSC with New SBU Framework [Read Circular]

The Securities and Exchange Board of India (SEBI) issued a circular dated May 2, 2025, introducing a new framework that simplifies the entry of SEBI-registered stock brokers into the Gujarat...

Income Tax Rules Changing from April 1, 2025: Full Breakdown of New Slabs, 87A Rebate, and TDS Changes

Starting April 1, 2025, several key changes in income tax rules will come into effect, impacting salaried individuals, senior citizens, professionals, freelancers, investors, and commission earners....

Exempt Income of Non-Residents: FM proposes Section 10 Amendment in Union Budget 2025

The Union Budget 2025-26 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today. One of the more intriguing changes proposed by the Union Budget is the possible exemption of tax...

Union Budget 2025 - Finance Minister Nirmala Sitharaman - income of Non-Residents - Section 10 Amendment - taxscan

Budget 2025: FM proposes Extension of Tax Concessions pertaining to IFSC

The Finance Minister Nirmala Sitharaman presented the Union Budget 2025 on February 1st, 2025 at 11:00 AM before the Parliament. The FM in her speech highlighted the government’s commitment to...

Budget 2025 - FM proposes Extension of tax concessions - IFSC - Union Budget 2025 - Taxscan

No TCS on Goods Purchases by IFSC Units u/s 206C(1H) of Income Tax Act: Finance Ministry [Read Order]

The Ministry of Finance, through Notification No. 6/2025 dated January 6, 2025, has announced that International Financial Services Centre ( IFSC ) Units will not be classified as buyers for the...

Income Tax Act Review and Pre-Budget Memorandum, 2025: ICAI invites Suggestions

The Institute of Chartered Accountants of India ( ICAI ) has called upon its CA members and other stakeholders to submit suggestions for a comprehensive review of the Income Tax Act, 1961. This...

Income Tax Act Review - Pre-Budget Memorandum - 2025 - ICAI - Suggestions - taxscan

Gift IFSC Emerging as Dominant Gateway for Global Capital Inflows into India: Economic Survey 2023- 2024

Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2023-24 on July 22. Following the presentation, Chief Economic Adviser Dr. V. Anantha Nageswaran held a press conference to...