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CBDT Notifies Applicability of S. 115JG on Conversion of Indian Branch of Foreign Bank into Indian Subsidiary Company [Read Notification]

The Central Board of Direct Taxes ( CBDT ) has notified the unabsorbed depreciation, set off/ carry forward of losses, tax credit under section 115JG...

GST not payable by Liaison Offices working with RBI Permission: AAR [Read Order]

Agency Commission received by Canara Bank for RBI not subject to Service Tax: CESTAT [Read Order]

Reforms in Appointment of Statutory Auditors on the Cards: ICAI develops Software

Cash -on -Delivery method by Online Retailers not Authorized by Law: RBI

Reduced Interest Rates on Small Savings Schemes shall continue for 2nd Quarter also: RBI

The Reserve Bank of India ( RBI ) has informed that there is no change the interest rates on Small Savings Schemes for the second quarter of financial year 2018-19 starting 1st July, 2018 and ending...

Bombay HC allows NDTVs Plea: Asks RBI to consider Compounding Plea on FEMA Violations [Read Judgment]

The Bombay High Court in the writ petition filed in the case of New Delhi Television Ltd. v. RBI and Ors has directed the RBI to render the necessary guidance to the petitioner in the matter of...

PAN mandatory for sending Money abroad: Govt

The Central Government has decided to make Permanent Account Number (PAN) mandatory for remitting money abroad as the Reserve Bank of India has decided to stringent norms for Liberalised Remittance...

Former RBI Chief Slams Demonetisation, says GST Glitches are not ‘Unfixable’

In a major setback to the Government’s decision to scrap rupees 1000 and 500 notes, the Former Governor of Reserve Bank of India (RBI) Raghuram Rajan reiterated that the decision of demonetization was...

Bad Loans: Around 40 Chartered Accountants are under RBI Lens

In a bid to cracking the whip on bad loans, the Reserve Bank of India (RBI) is monitoring more than three dozen chartered accountants allegedly conniving with promoters in defaulting as well as...

RBI imposes Monetary Penalty on ICICI Bank

The Reserve Bank of India (RBI) has imposed through an order dated March 26, 2018, a monetary penalty of ₹589 million on ICICI Bank Limited (the bank) for non-compliance with directions issued by RBI...

RBI Notifies Due Dates for Filing Returns by NBFCs [Read Notification]

The Reserve Bank of India ( RBI ) has notified the due dates for the submission of returns by the Non-Banking Financial Companies (NBFCs) as mandated by the provisions of the Reserve Bank of India...

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