New RBI Rules: Salary, Pension, EMI Payment Rules to Change Next Month
In a major relief to the Bank Customers, the Reserve Bank of India (RBI) has issued fresh guidelines and changed the rules of the National Automated...
![Customs Dept. issues Advisory on Integration of ECCS with IDPMS / EDPMS of RBI [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/07/Customs-Department-Advisory-on-Integration-of-ECCS-IDPMS-EDPMS-RBI-Taxscan.jpg "Customs Dept. issues Advisory on Integration of ECCS with IDPMS / EDPMS of RBI [Read Circular]")
![RBI releases Regulatory Restrictions on Loans and Advances [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/07/RBI-Loans-Advances-Taxscan.jpg "RBI releases Regulatory Restrictions on Loans and Advances [Read Circular]")
![RBI issues Review of Instructions on Interest on overdue Domestic Deposits [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/07/RBI-Interest-on-overdue-domestic-deposits-Taxscan.jpeg "RBI issues Review of Instructions on Interest on overdue Domestic Deposits [Read Circular]")
MPs, MLAs, Local Bodies can’t be Directors in Urban Co-operative Banks: RBI issues directions [Read Notification]
The Reserve Bank of India (RBI) issued the directions banning the Member of Parliament or State Legislature or Municipal Corporation or Municipality or other local bodies from being the Directors in...
Relief to Bitcoin, Dogecoin investors: RBI ask Banks to exercise Customer Due Diligence for Transactions in Virtual Currencies [Read Circular]
After a lot of speculation on Bitcoin News, In a major relief to Bitcoin and Dogecoin investors, the Reserve Bank of India (RBI) on Monday asked the Banks to exercise Customer Due Diligence for...
![Relief to Bitcoin, Dogecoin investors: RBI ask Banks to exercise Customer Due Diligence for Transactions in Virtual Currencies [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/05/Bitcoin-Dogecoin-investors-RBI-Virtual-Currencies-Taxscan.jpg "Relief to Bitcoin, Dogecoin investors: RBI ask Banks to exercise Customer Due Diligence for Transactions in Virtual Currencies [Read Circular]")
Authorised Dealers can now Lend Money to NRI for Settlements involving Govt. Securities: RBI notifies Amended FEMA Regulations [Read Notification]
The Reserve Bank of India(RBI) has published the latest Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations on May 24th, 2021. As per the new amendment, “An Authorised...
![Authorised Dealers can now Lend Money to NRI for Settlements involving Govt. Securities: RBI notifies Amended FEMA Regulations [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/ADs-lend-money-NRI-Govt.-Securities-RBI-FEMA-Regulation-Taxscan.jpeg "Authorised Dealers can now Lend Money to NRI for Settlements involving Govt. Securities: RBI notifies Amended FEMA Regulations [Read Notification]")
Interest Income can't be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench ruled that Interest Income cannot be included in the total income of the assessee as a mercantile system of accounting in juxtaposition to ‘real...
![Interest Income cant be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Interest-Income-mercantile-system-of-accounting-real-income-theory-ITAT-Taxscan.jpg "Interest Income cant be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT [Read Order]")