RBI Stops 8 percent GoId Savings Bonds Scheme
In a Notification issued today, the Reserve Bank of India (RBI) notified that the 8 percent GoId Savings (Taxable) Bonds, 2003 as per Notification...
![Goods purchased from Duty Free Shops in Indian Currency: Limit of 25K applicable to Payments through Debit/Credit Cards, says CBEC [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/07/Duty-free.jpg "Goods purchased from Duty Free Shops in Indian Currency: Limit of 25K applicable to Payments through Debit/Credit Cards, says CBEC [Read Circular]")
RBI Revises Limits for Investment by Foreign Portfolio Investors in Government Securities [Read Circular]
The Reserve Bank of India (RBI), today notified the revised limits for Investment by Foreign Portfolio Investors (FPI) in Government Securities. As per the notification, the limits for investment by...
Interest from deposits made with Banks is ‘Business Income’ even if Assessee’s Application for NBFC was rejected by RBI: ITAT [Read Order]
Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that interest income earned by an assessee should be treated under the head business income, even if its application for Non-Banking...
![Interest from deposits made with Banks is ‘Business Income’ even if Assessee’s Application for NBFC was rejected by RBI: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Business-Income-Taxscan.jpg "Interest from deposits made with Banks is ‘Business Income’ even if Assessee’s Application for NBFC was rejected by RBI: ITAT [Read Order]")
RBI mandates Authorization from Competent Authorities on Delay in Reporting Govt Transactions by Banks [Read Letter]
The Reserve Bank of India (RBI) recently notified that the agency banks should submit necessary authorization from the concerned government departments in case of delay in reporting government...
IBBI strengthens its Due Diligence Framework under the Insolvency and Bankruptcy Code, 2016 [Read Notification]
Now prior to approval of a Resolution Plan, the Resolution Applicants, including promoters, will be put to a stringent test with respect to their credit worthiness and credibility; Amendments to the...
