Thursday, August 16, 2018

RBI updates FAQs on External Commercial Borrowings and Trade Credits

The Reserve Bank of India (RBI) has updated the FAQs on External Commercial Borrowings. The main purpose of these FAQs to attempt to place the common queries that users have on the subject in easy to understand the law language.

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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...