Monthly Archives: August 2022

Notification of Overseas Investment Rules, Regulations & Master Directions, 2022

In keeping with the spirit of liberalization and to promote ease of doing business, the Central Government and Reserve Bank of India had been progressively simplifying the procedures under Foreign Exchange Management Act, 1999. Continuing with the same intent, a … Continue reading

Posted in Regulatory |

Tax Exemptions of sums received for Treatment/Demise Due to COVID 19

CG notifies conditions for tax exemption of sums received for COVID-19 treatment or on demise due to COVID-19 by issuing three notifications dated August 5, 2022 Notification No. 90/2022 – Notifies conditions under clause (ii)(c) to the first proviso to … Continue reading

Posted in Direct Tax |