Government specifies IFSC units exempt from tax collection under Section 206C(1H) for eligible purchases. Details outlined for buyers and sellers.
CBIC updates: Pension guide launched, GST evasion of ₹25 crores uncovered, and key officials retired. Insights into recent achievements and challenges.
India allows export of 2,00,000 MTs of wheat to Nepal through National Cooperative Exports Limited (NCEL) under DGFT Notification No. 48/2024-25.
Learn about CRS and FATCA, how India receives foreign account info, and the disclosure requirements for foreign assets and income in Indian tax returns.
IFCI invites Cost Accountants for empanelment to conduct audits and certifications under government schemes. Submit proposals by Jan 14, 2025. Details at IFCI’s website.
DGFT revises timelines in Para 6.06 of Handbook of Procedures (FTP 2023) for tea and spices imports to align with Chapter 4 provisions, easing compliance.
Income tax exemption for Karnataka State Horticulture Development Agency on grants, horticulture revenue, and interest. Applicable for FY 2020-2021 to 2023-2024.
Income Tax exemption notification for Rabindra Setu, Kolkata, detailing income categories, conditions, and retrospective effect for assessment years 2019-2020 to 2023-2024.
RBI directs e-Kuber to process government transactions on March 30, 2025, ensuring accurate financial year-end accounting despite the date falling on a Sunday.
DGFT amends FTP 2023 to allow stakeholder feedback and outlines conditions for consultation and disclosure of reasons for non-incorporation of suggestions.
