Monday, October 15, 2018

RBI updates master direction on ECBs, Trade Credit, borrowing and lending in Foreign Currency

The Reserve Bank of India (RBI) has updated the master direction on ECBs, Trade Credit, borrowing and lending in Foreign Currency by Authorized Dealers and Persons other than Authorized Dealers

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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...