Tag Archives: credit

Foreign Tax Credit Rules Notified: Govt.

Central Board of Direct Taxes recently amended the Income tax Rules 1962 to provide for a separate segment on Foreign Tax Credit Rules, 2016. The Rules provide clarity on the mechanism of obtaining foreign tax credit in India, of foreign … Continue reading

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Changes made in Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015: RBI

Attention of Authorised Dealers Banks is invited to the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015, notified vide Notification No. FEMA 10(R)/2015-RB dated January 21, 2016, and A.P (DIR Series) Circular No. 51 … Continue reading

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NBFCs regulations revised: RBI

The Reserve Bank of India has revised regulations for non-banking finance companies (NBFCs). http://goo.gl/nd1bGf

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New Norms for Credit Cards

Reserve Bank of India (RBI) vide Circular dated 28.02.2013 on “Security and Risk Mitigation Measures for Electronic Payment Transactions” has directed banks to put in place the following safety measures for Credit and Debit Card Transactions : • All new … Continue reading

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