Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    Goods matched documents like e-way bill and...     TaxTMI    NRI's unexplained mutual fund investment & capital...     TaxTMI    Land sale profit: Business income or long-term...     TaxTMI    Lending business earned interest spread, no...     TaxTMI    Money laundering case: Balancing PMLA bail...     TaxTMI    Export of service partly performed outside India...     TaxTMI    Technical testing firm wins CENVAT credit case;...     TaxTMI    Excess Input Tax Credit penalty appeal dismissed...     TaxTMI    Transport agency's bundled services disqualify it...     TaxTMI    Taxman overreached by turning limited scrutiny into...     TaxTMI    Genuine anonymous donations not taxable. Grants not...     TaxTMI    Property investment source verification not valid...     TaxTMI    Income Tax Assessment Notice Issued by...     TaxTMI    Freight charges paid to foreign shipping co. not...     TaxTMI    Massive financial fraud via sham deals to launder...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
FEMA - Highlights / Catch Notes

Home Highlights March 2024 Year 2024 This

The Reserve Bank of India has mandated that all Authorised ...

Circulars     FEMA

March 6, 2024

The Reserve Bank of India has mandated that all Authorised Persons acting as Indian Agents under the Money Transfer Service Scheme (MTSS) submit quarterly statements through the Centralised Information Management System (CIMS) portal starting from the quarter-ending March 2024, replacing the previous requirement of submission through the eXtensible Business Reporting Language (XBRL) platform. - NIL return is also mandatory in case of no transaction.

View Source

 

← Previous Next →

 

You may also like:

  1. Interpretation of statute - whether Non Banking Financial Companies (NBFC) regulated by the Reserve Bank of India, in terms of the provisions of Chapter IIIB of the...

  2. Amendment of section 58 - RESERVE BANK OF INDIA ACT, 1934 - consequential provisions

  3. Amendment of Preamble - AMENDMENTS TO THE RESERVE BANK OF INDIA ACT, 1934

  4. This notification from the Ministry of Finance authorizes HDB Financial Services Limited, a reporting entity under the Prevention of Money-laundering Act, 2002, to...

  5. Lien over Bank account - territorial jurisdiction - both KVAT and KTEG Acts authorize recovery officers to demand money from "any person" and authorize recovery by...

  6. Section 197A of the income-tax Act, 1961 - No TDS if payment is made to a bank listed in the Second Schedule to the Reserve Bank of India Act, 1934 - Notification

  7. The Reserve Bank of India (RBI) issued Circular No. 05 on May 08, 2024, regarding Margin for Derivative Contracts. This circular supersedes the previous Circular No. 10...

  8. Charitable trust provided educational grants to Indian students for pursuing higher education abroad. The issue pertained to whether such grants constituted "application...

  9. The Reserve Bank of India (RBI) has discontinued the requirement for Authorized Dealer Category-I (AD Category-I) banks to submit a monthly return on the Liberalised...

  10. The Reserve Bank of India (RBI) issued Circular No. 11 on June 11, 2024, allowing Scheduled Commercial Banks with AD Category-I license to open additional current...

  11. The core summary is that banks constituted as 'corresponding new banks' under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 are not covered...

  12. Constitutional validity of of amendment to LIC Act - Money Bill of not - Sections 128 to 146 of the Finance Act, 2021 - the reason for amendment is to bring the money...

  13. The ITAT Mumbai ruled on TDS u/s 195 regarding commission paid to foreign agents for procuring export orders. The assessee paid commission to non-resident agents outside...

  14. Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Obligation of Authorised Persons under Prevention of...

  15. Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards / Combating the Financing of Terrorism (CFT) Obligation of Authorised Persons under Prevention of...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
H: Provisions restricting input tax credit on goods/services for construc...
H: Tax Penalty Notice Defects: Grounds Must Be Clear.
H: Taxpayer gets relief under tax dispute resolution scheme despite pendi...
H: Lack of jurisdiction for AO to invoke Sec 153C without receiving mater...
H: Writ challenging assessment dismissed; assessee availed remedy of appe...
H: Income from house property additions - ALV capped at Rs.8.39L for 2015...
H: Fraudulent employee mishandling led to embezzlement loss deductible u/...
H: Taxpayer challenges legality of vague penalty notice - CIT(Appeals) om...
H: Tax-free dividend income, interest-free funds disallowance relaxed, TD...
H: Property renovation costs wrongly disallowed; Revenue authorities over...
H: Charity trust's registration wrongly denied, court orders re-evaluatio...
H: Battle over Betel Nut Classification: Roasted or Raw for Customs Duty?...
H: Account freeze for tax (custom duty) evasion without legal order decla...
H: Seized gold not liable for confiscation due to lack of evidence.
H: Waiver for oppression proceedings in companies: Strict conditions apply.
F: Labour Cess applicable on cost of construction without GSt or gross cost
F: Merger of two GSTIN in the same State - Procedure to be followed
F: interest lability on ITC when payment to supplier is made after 180 days
F: GST on Solar Plant
F: ITC Issue in case of Acqusition of Company in Insolvency
F: Stock damaged in recent floods
F: TDS dedudted after 3 years after reporting invoices in GSTR 1
F: Time limit to upload Form GST MOV-09 on GST portal
A: PENALTY ON DIRECTORS CONTRAVENING EXPORT REGULATIONS UNDER FOREIGN EXC...
A: Difference between “License” and “Royalty”
A: Penalty proceedings under Section 130 of the CGST Act cannot be initia...
N: Inland Container Depots for loading and unloading of goods - Seeks to ...
C: Guidelines to Stock Exchanges, Clearing Corporations and Depositories
T: Supreme Court Upholds Validity of Re-Assessment Notices Issued During ...
A: Director Identification Number