Wednesday, November 21, 2018

RBI updates master direction for reporting under FEMA

The Reserve Bank of India (RBI) has updated the master direction for reporting under Foreign Exchange Management Act, 1999.

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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...