RBI

RBI Mandates Banks to Seek Prior Approval for Foreign Currency Deposit Schemes

Banks will need to seek prior approval before extending any foreign currency…
Dearness allowance

Budget 2020 imposes TCS on foreign tour packages and remittances

The Union Budget 2020 proposes to levy a TCS (tax collection at…

IT department scrutinises remittances under scheme by RBI

The income tax department has issued scrutiny notices to around 30,000 individuals…