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Income Tax Chennai ITAT Deletes Interest Disallowance; No Notional Interest Can Be Imputed on Business Advances When Assessee Has Sufficient Own Funds Income Tax Chennai ITAT Quashes Section 263 Revision of Penalty Order; PCIT Cannot Revise Order That Has Merged with CIT(A)’s Appellate Decision Income Tax Chennai ITAT Deletes Demonetisation Addition; Cash Deposits Matching Audited Sales and VAT Returns Cannot Be Treated as Unexplained Income Tax Chennai ITAT Quashes Reassessment Where No Addition Was Made on the Recorded Reason for Reopening Income Tax Chennai ITAT Upholds Deletion of Ad Hoc Disallowances; GSTR-2A Is Strong Corroborative Evidence and Purchases Cannot Be Rejected Without Verification Income Tax Chennai ITAT Deletes ₹76.45 Lakh Addition; Once Source of Cash Is Proved, Revenue Cannot Rely on Suspicion About Its Temporary Utilisation Income Tax Chennai ITAT Quashes Reassessment Based Solely on AIR Information; Cash Deposits Must Be Examined with Reference to Business Turnover, Not Returned Income Income Tax Lucknow ITAT Deletes ₹1.31 Crore Addition on Cash Deposits by Bank Mitra; Holds Customer Deposits Cannot Be Taxed as Agent’s Income
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Fema / RBI

RBI Circular Notification Press Release and Instructions issued by Reserve bank of India. News and Article on provisions, Rate changes, Policy changes and FAQ

Fema / RBIReporting of Foreign Exchange Transactions to Trade Repository
Fema / RBI

Reporting of Foreign Exchange Transactions to Trade Repository

Editor2 years ago
Fema / RBIRBI Adds Sovereign Green Bonds to Non-Resident FAR Investment
Fema / RBI

RBI Adds Sovereign Green Bonds to Non-Resident FAR Investment

Editor2 years ago
Fema / RBIRBI Guidelines on Default Loss Guarantee in Digital Lending: FAQs
Fema / RBI

RBI Guidelines on Default Loss Guarantee in Digital Lending: FAQs

Editor12 years ago
Fema / RBIAmendment to Master Direction: Know Your Customer (KYC) Direction, 2016
Fema / RBI

Amendment to Master Direction: Know Your Customer (KYC) Direction, 2016

Editor62 years ago
Fema / RBI98.04% of ₹2000 banknotes in circulation as on May 19, 2023 returned: RBI
Fema / RBI

98.04% of ₹2000 banknotes in circulation as on May 19, 2023 returned: RBI

Editor2 years ago
Fema / RBI
Fema / RBI

RBI Mandates Certified Note Sorting Machines

Editor2 years ago
Fema / RBIRBI Updates Directions for Central Counterparties (CCPs)
Fema / RBI

RBI Updates Directions for Central Counterparties (CCPs)

Editor62 years ago
Fema / RBIDraft Project Finance Directions 2024 by RBI: Key Insights
Fema / RBI

Draft Project Finance Directions 2024 by RBI: Key Insights

Bhatt & Joshi Associates2 years ago
Fema / RBI
Fema / RBI

RBI’s New Margin Framework for OTC derivatives regulation

Bhatt & Joshi Associates2 years ago
Fema / RBIMinutes of RBI Monetary Policy Committee Meeting, October 7 to 9, 2024
Fema / RBI

Minutes of RBI Monetary Policy Committee Meeting, October 7 to 9, 2024

Editor62 years ago

Latest RBI / FEMA News

Check out all the latest news on RBI together with all the important RBI notifications, RBI circulars, RBI rates including top stories on FEMA Act and FEMA Regulations only at Taxguru.com

The RBI (Reserve Bank of India) is India’s Apex bank which governs the banking regulations in the country and controls all the monetary policies of the country. It began its operations 1st of April 1935 at the time of British Rule as per the provisions laid down in the Reserve Bank of India Act, 1934. After India’s independence on 15th August 1947, the Reserve Bank of India was nationalized on 1st January 1949.

Reserve Bank of India is an independent monetary authority that regulates banks and offers important financial services such as controlling inflation, maintaining foreign exchange reserves, and providing monetary policy report. It plays a significant role in developing strategies of the Indian Government.

The FEMA Act (Foreign Exchange Management Act) is an Act constituted by the Indian Parliament for consolidating and amending the law related to foreign exchange for facilitating the external trade and payments and also for encouraging orderly maintenance and development of foreign exchange market in the country. This act was passed in the year 1999 during the winter session which replaced the previous Foreign Exchange Regulation Act (FERA). The FEMA Regulations makes offenses with respect to foreign exchange civil offenses.This Act extends and is applicable for the entire nation. FEMA Act allowed a new regime for foreign exchange management that is consistent with the World Trade Organization’s emerging framework.

At Taxguru, we provide you with all the RBI latest news, RBI circulars, RBI notifications and all the updates with respect to FEMA Act and FEMA regulations. We keep you posted with all the latest updates on RBI rates and RBI rate charts. At Taxguru, our team ensures we publish all the latest RBI news. Bookmark us to get all the latest news on RBI and FEMA.