RBI updates FEMA regulations, revising payment rules for ACU member countries. The amendment affects foreign exchange transactions and authorized dealers.
IFSCA allows Bullion Exchange in IFSC to introduce liquidity enhancement schemes to improve liquidity in commodity derivatives. Learn about the guidelines.
Gujarat High Court examines Sarvodaya Charitable Trust’s appeal against IT department’s refusal to condone Form 10B filing delay for AY 2016-17. Read key takeaways.
IFSCA corrects formatting and reference errors in the 2024 Regulations for Registration of Factors and Assignment of Receivables. Changes are effective immediately.
FIU-IND imposed a ₹9.27 crore penalty on Bybit for violating PMLA compliance. The platform operated without registration, leading to a website block.
Key amendments in Chapter XIV-B on block assessment, undisclosed income, and time limits under Finance Bill 2025.
Understanding the rationalization of the time limit for retention of seized books of account under Section 132(8) in Finance Bill 2025.
Understanding the exclusion of time limits during Court stays in assessment proceedings under Finance Bill 2025 for Income Tax assessments.
Finance Bill 2025 rationalizes the time-limit for imposing penalties under section 275 of the Income-tax Act, setting a uniform limit of six months.
Finance Bill 2025 extends the processing period for immunity applications under section 270AA of the Income-tax Act from 1 month to 3 months.
