International Credit Card Payments Up to Rs 7 Lakh Excluded from TCS, Govt Clarifies
International debit and credit card transactions of up to Rs 7 lakh per financial year will be excluded from the limits of the Liberalised Remittance...
Tag : Foreign Exchange Management Act (FEMA)
ED Raids BYJU’s for Alleged FEMA Violations
On Saturday, the Enforcement Directorate (ED) said it raided three premises of Edtech major BYJU’s CEO Raveendran in Bengaluru and seized “incriminating” documents and digital...
ED Files FEMA Case Against BBC India for Foreign Exchange Violations
The Enforcement Directorate (ED) has filed proceedings against BBC India for alleged foreign exchange violations under the Foreign Exchange Management Act (FEMA). Officials said the...
ED Seizes Rs 5,551 Crore from Xiaomi India
The Enforcement Directorate said on April 30 that it had seized Rs 5,551.27 crore from Xiaomi India, the local arm of the Chinese electronics giant,...
Govt Modifies FEMA Rules To Allow 20% FDI In LIC
The government has amended the Foreign Exchange Management Act (FEMA) rules, paving the way for up to 20 per cent foreign direct investment by insurance...
PwC ‘Slapped’ with Rs 230 Cr Show Cause Notice
On Friday, ED slapped over Rs 230 crore FEMA violation show-cause penalty notice against multi-national accounting firm PricewaterhouseCoopers (PwC) and others, officials said. They added...