News

RBI prohibits banks and other lenders from charging borrowers punitive interest for failing to comply with contractual terms and conditions of a loan to maintain fair lending practises and safeguard customers' interests.

RBI issued Guidelines to direct Penal Charges for Loan by Banks

The Goods and Services Tax Network(GSTN) has prepared an informative resource in the form of an e-invoice glossary and a step-by-step guide for your reference via an advisory.

GSTN issued Advisory on E-Invoice Glossary and Step-by-step Guide

Notifications

The Central Board of Direct Taxes(CBDT) has included the IFSC unit in scope of TT buying rate for computing TDS on Foreign Currency Income via issuing Notification.

CBDT notifies including of IFSC unit in scope of TT buying rate for computing TDS on Foreign Currency Income

Orders

CBDT has notified Procedure for Constituting Dispute Resolution Committee for dispute resolution in consequence to notification of e- Dispute Resolution Scheme, 2022 under section 245MA of the Income Tax Act.

CBDT Notifies Procedure for Constituting Dispute Resolution Committee for dispute resolution

The Governor of Reserve Bank of India has launched a Centralised Web Portal UDGAM (Unclaimed Deposits – Gateway to Access inforMation) on thursday.

RBI launches UDGAM - a Centralised Web Portal for searching Unclaimed Deposits

The Reserve Bank of India has imposed monetary penalty of Rs.3.10 lakh on 2 Cooperative Bank and 1 Sahakari Bank for non-compliance with the directions issued by RBI.

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RBI issued Guidelines to direct Penal Charges for Loan by Banks

GSTN issued Advisory on E-Invoice Glossary and Step-by-step Guide

CBDT notifies including of IFSC unit in scope of TT buying rate for computing TDS on Foreign Currency Income

CBDT Notifies Procedure for Constituting Dispute Resolution Committee for dispute resolution

RBI launches UDGAM - a Centralised Web Portal for searching Unclaimed Deposits

RBI imposed Monetary Penalty on 2 Cooperative Bank and 1 Sahakari Bank; Know Reason