Thursday, June 21, 2018

RBI updates master direction for Liberalized Remittance Scheme

In order to facilitate resident individuals to remit funds abroad for permitted current or capital account transactions or both, The Reserve Bank of India (RBI) has updated master direction for liberalized remittance scheme

from taxmann.com News https://ift.tt/2llAR3X

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...