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June 5, 2025 | News
RBI’s Final Deadline for Regularizing Overseas Investment Reporting Delays
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IFSCA Amends Corporate Governance Guidelines for GIFT IFSC Finance Companies, Exempts Treasury Centres
The International Financial Services Centres Authority (IFSCA) has recently updated its Corporate Governance and Disclosure Requirements for finance companies operating within the Gujarat International Finance Tec-City (GIFT IFSC). In a significant development dated April 4, 2025, IFSCA carved out finance…
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Disclosure of Foreign Assets in ITR – Schedule FA Explained
Do You Hold Assets in a Foreign Jurisdiction? In today’s globalized economy, it’s increasingly common for Indian residents to hold assets overseas whether it's foreign bank accounts, shares, mutual funds, or property. However, with global holdings come domestic tax responsibilities.…
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GST Amendments Effective from 1st April 2025
The Goods and Services Tax (GST) framework is set to undergo significant transformations starting April 1, 2025. These amendments aim to enhance compliance, streamline tax processes, and ensure a more robust taxation system. Below is a detailed analysis of the…
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