Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limi...
Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
