Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
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AD Category-I banks must shift two FEMA reporting requirements to the CIMS portal from June 30, 2026. The consolidated monthly statement of all BOs, LOs and POs opened and closed during the month is to be filed on CIMS under return code R343, and a NIL report must be uploaded if no data is available. The monthly statement on the number of applicants and total amount remitted from NRO accounts is also moved to CIMS under return code R006. The Master Direction on reporting under FEMA, 1999 will be updated to reflect these changes.
AD Category-I banks must shift two FEMA reporting requirements to the CIMS portal from June 30, 2026. The consolidated monthly statement of all BOs, LOs and POs opened and closed during the month is to be filed on CIMS under return code R343, and a NIL report must be uploaded if no data is available. The monthly statement on the number of applicants and total amount remitted from NRO accounts is also moved to CIMS under return code R006. The Master Direction on reporting under FEMA, 1999 will be updated to reflect these changes.
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