As per Income tax rules 1962, after the rule 26B which talks about Statement of particulars of income under the head “income other than salaries”, for deduction of tax at […]
The bank may extend there funded or non-funded credit facilities to step-down subsidiaries of the overseas subsidiaries of Indian Companies that may not be wholly owned, subject to certain conditions.
No Form 15CA and 15CB will be required to be furnished by an individual for remittance which do not require RBI approval. Further, the list of payments of specified nature which […]
A new Double taxation avoidance agreement came into existence between Government of India and the government of the kingdom of Thailand for the avoidance of double taxation and prevention of […]
General Permission is available to ship manning /crew managing agencies that are rendering services to shipping /airlines companies incorporated outside India to maintain a non-interest bearing foreign currency account with […]
In order to facilitate Rupee denominated borrowing from overseas, it has been decided to put in place a framework for issuance of Rupee denominated bonds overseas within the overarching ECB […]
Black Money and imposition of Act 2015 has been introduced to curb the foreign undisclosed income but it is hereby clarified that no proceedings shall lie against the declarant if […]