RBI releases FAQs on the withdrawal of INR 2000 bank notes from circulation.
RBI withdraws INR 2000 bank notes from circulation, Will continue to remain a legal tender, Deposit/Exchange facility available till 30-9-2023.
Press Release: 2023-24/257, dated 19-5-2023.
Acquisition of bribe money by a public servant qualifies as an act of money laundering, and illegal gratification represents proceeds of crime.
Y. Balaji v. Karthik Desari – [2023] 150 taxmann.com 329 (SC).
Govt. releases FAQs to address confusion regarding the inclusion of International Credit Cards under LRS.
Govt. forces stringent norms for usage of International Credit Cards to make payments towards meeting expenses during an overseas visit. Effective from 16-5-2023. Spend now covered under the overall limit of USD 250,000 under Liberalised Remittance Scheme (LRS). [TCS @ 20% shall also be collected u/s 206].
Notification No. G. S. R. 369 (E), dated 16-5-2023.
CCI establishes Southern, Eastern and Western Regional Offices along with their territorial jurisdiction.
Notification F. No. R – 40007/6/REG-MEETING/NOTI./2023-CCI., dated 16-5-2023.