High Net Worth Individuals with Offshore Investments in 'Blank Cheque' SPACs under Income Tax Scanner, gets IT Notices
Indian tax authorities are investigating wealthy individuals ( HNIs ) who invested in Special Purpose Acquisition Companies ( SPACs ), also known as...
Madras HC dismisses Borrower's Petition for Lender's Income Tax Returns, advises resorting to RBI for resolution on financing business concerns [Read Order]
The Madras High Court dismissed the writ petition filed by the borrower seeking the income tax returns ( ITR ) of the lender. The high court advised the petitioner to approach Reserve Bank of India (...
![Madras HC dismisses Borrowers Petition for Lenders Income Tax Returns, advises resorting to RBI for resolution on financing business concerns [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Madras-High-Court-Income-tax-return-ITR-RBI-RBI-resolution-taxscan.jpg "Madras HC dismisses Borrowers Petition for Lenders Income Tax Returns, advises resorting to RBI for resolution on financing business concerns [Read Order]")
RBI issues Directive for reporting Central Government Transactions including CBDT and CBIC for March 2024
The Reserve Bank of India ( RBI ) has issued directions for reporting the transactions of the Central Government including transactions including CBDT, CBIC, Departmentalized Ministries and Non-Civil...
Central Government Grants Customs Tariff and AIDC Exemption for Gold Imported by RBI [Read Notification]
The Central Government, vide notification no. 14/2024 - Customs dated 14th March 2024 has granted the exemption to customs tariff and Agriculture Infrastructure and Development Cess ( AIDC ) for gold...
![Central Government Grants Customs Tariff and AIDC Exemption for Gold Imported by RBI [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/03/Central-Government-Customs-Tariff-AIDC-Exemption-AIDC-TAXSCAN.jpg "Central Government Grants Customs Tariff and AIDC Exemption for Gold Imported by RBI [Read Notification]")