RBI Statement on Developmental and Regulatory Policies to further ease financial stress caused by COVID-19
Statement on Developmental and Regulatory Policy to improve the functioning of markets and market participants; measures to support exports and imports; efforts to further ease financial stress caused by COVID-19 disruptions by providing relief on debt servicing and improving access to working capital; and steps to ease financial constraints faced by state governments.
Income-tax (9th Amendment) Rules, 2020
The Central Board of direct taxes has issued the Income-tax (9th Amendment) Rules, 2020. As per the amendment, the option for safe harbor provided under Rule 10TD of the Income-tax Rules, 1962, shall be invoked for international transactions for the assessment year 2020-21.
