Govt. Notifies Accounting, Taxation, & Financial Crime Compliance Services as ‘Financial Services’ Under IFSCA Act
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- Last Updated on 20 January, 2024
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Notification No. S.O. 291(E)., Dated 18.01.2024
Govt. has notified book-keeping services, accounting services, taxation services, and financial crime compliance services as financial services under the IFSC Authority Act, 2019. Also, the financial services shall be offered by units in an IFSC, to non-residents whose business is not set up either by splitting up/reconstructing/reorganising of business already in existence in India. Units shall not transfer or receive services involving existing contracts from their Indian group entities.
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