Mukesh Bansal 
Prior to introduction of finance bill 2022 there was no clarity in tax regulations for tax treatment for virtual digital assets popularly knows as Crypto assets. There was no clear definition and understanding for recognition of various available and new age tech virtual assets. In absence of clear tax treatment guidance under tax laws different … Read more
RBI warns against use of LRS scheme by individuals for forex trading on unauthorized platforms. Country central bank RBI has warned people undertaking transaction for the purpose other than those permitted under the Foreign Exchange Management Act, (FEMA) or on unauthorized electronics trading platforms (ETPs) can face penal action under the Foreign Exchange Act. Lots … Read more
RBI clarifications under Foreign Exchanges Management Act (FEMA) for start-ups for issues of shares against legitimate payments owed by start-ups and accepting payments by foreign subsidiaries of such start-ups against export and other dues. As announced in sixth Bi Monthly monetary policy statement for 2015-16 by RBI regarding clarification for some existing regime, to help … Read more
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