Begin typing your search above and press return to search.
FEMA 2024: Analyzing New Amendments to Foreign Exchange Management Act
The Foreign Exchange Management Act ( FEMA ) of 1999 is the backbone of India’s foreign exchange regulation. In 2024, multiple amendments were...
![Delhi HC grants Writ Petition for Defreezing Bank Account, No Violation of FEMA or Customs Act Found in Export Proceeds Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Delhi-High-Court-Writ-petition-FEMA-violation-Customs-Act-Defreezing-bank-accounts-taxscan.jpg "Delhi HC grants Writ Petition for Defreezing Bank Account, No Violation of FEMA or Customs Act Found in Export Proceeds Transaction [Read Order]")
![Penalties, Late Fees/Penal Interests, Fines levied by RBI not Consideration for Supply, GST not Leviable: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/AAR-Authority-for-Advance-Ruling-No-GST-on-RBI-Penalties-and-Fines-Maharasgtra-Authority-for-Advance-Ruling-Late-Fees-Taxscan.jpg "Penalties, Late Fees/Penal Interests, Fines levied by RBI not Consideration for Supply, GST not Leviable: AAR [Read Order]")
![CESTAT grants Relief to HDFC by allowing Cenvat Credit on Brokerage/Commission Paid for SLR Maintenance Citing Statutory Obligation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/CESTAT-CESTAT-Mumbai-Customs-Cenvat-Credit-HDFC-TAXSCAN.jpg "CESTAT grants Relief to HDFC by allowing Cenvat Credit on Brokerage/Commission Paid for SLR Maintenance Citing Statutory Obligation [Read Order]")
CBDT exempts Payments from RBI from Income Tax TCS Requirement under Section 206C [Read Notification]
On October 16, 2024, the Central Board of Direct Taxes (CBDT), through a notification issued under the Ministry of Finance, clarified that any payments received from the Reserve Bank of India (RBI)...
RBI releases ‘Internal Risk Assessment Guidance’ for Money Laundering and Terrorist Financing
The Reserve Bank of India (RBI) has released the ‘Internal Risk Assessment Guidance for Money Laundering/Terrorist Financing Risks’ for its regulated entities ( REs ). The guidance, now available on...
