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Acceptance of Demonetized Currency from 08.11.2016 Contrary to RBI Notification:ITAT Directs AO to Accept 50% Cash Deposits as Sale Proceeds received in Cash and Balance as Unexplained Money
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer (AO) to accept 50% of cash deposits as sale proceeds...
![Liaison Office doesnt constitute PE in India, No Income Tax Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Liaison-Office-doesnt-constitute-PE-in-India-No-Income-Tax-Addition-ITAT-TAXSCAN.jpg "Liaison Office doesnt constitute PE in India, No Income Tax Addition: ITAT [Read Order]")
RBI issues Guidelines for extended Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit [Read Circular]
The Reserve Bank of India (RBI) has issued modified norms on Interest Equalization Scheme for export credit after the extension of the scheme till March 2024. The Government of India has...
![RBI issues Guidelines for extended Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/03/RBI-Interest-Equalisation-Scheme-Shipment-Rupee-Export-Credit-Taxscan.jpg "RBI issues Guidelines for extended Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit [Read Circular]")
RBI Revises Guidelines relating to Participation of an Indian Resident and FPI in Exchange Traded Currency Derivatives Market [Read Circular]
The Reserve Bank of India (RBI) has revised guidelines relating to the participation of a person resident in India and Foreign Portfolio Investor (FPI) in the Exchange Traded Currency Derivatives...
RBI imposes Penalty on Bedkihal Urban Cooperative Bank for violation of Guidelines on Exposure Norms
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 1,00,000/- (Rupees one lakh only) on Bedkihal Urban Cooperative Bank Ltd., Bedkihal, Karnataka in exercise of the powers vested...
![RBI grants Relief to MSME Borrowers registered under GST [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/02/MSME.jpg "RBI grants Relief to MSME Borrowers registered under GST [Read Notification]")