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Procedure for Borrowing Loan from Person resident outside India:
1. Important terms used:
a. Benchmark rate: Benchmark rate in case of foreign currency denominated ECB/ TC (FCY ECB/TC) refers to 6-month London Interbank Offered Rate (LIBOR) rate of different currencies or any other 6-month interbank interest rate applicable to the currency of borrowing, for eg., Euro Interbank Offered Rate (EURIBOR).

Every people on the earth whether directly or indirectly is depending on the agriculture for their life. In India, majority of the people are depending on the agriculture for their livelihood. The economy of India is an agricultural centric economy.
But, earlier, the primary producers and small farmers have faced huge problems in India due to many factors. In order to solve these problems, in the year 2002, the Government of India has introduced the concept of ‘Producer Companies’. By this, the Government has given the legal status to the agriculturists and supported them to organize themselves & do the agriculture in the corporate way.

Worldwide covid-19 pandemic and rapidly increase in its outspread has lead the common man to face many difficulties. This is very complicated situation for taxpayers in facing the compliance requirement under various provisions of income tax act 1961 and Central Board of Indirect Taxes and Customs (CBIC) have issued a circular(no.138/08/2020-GST dated 6 may 2020) clarifying certain challenges faced by the taxpayer in adhering to the compliance requirement under GST. Hence here are the number of tax relief measures announced by the government for the benefit of the taxpayers.