Belated Form 10B filing during Covid-19 cannot defeat charitable exemption where genuine hardship warrants condonation and substantial justice prevail...
Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
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The RBI amends the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 by reducing the time limit in Regulation 9 for realisation and repatriation-related requirements from fifteen months to nine months in sub-regulation (1) and clause (a) of sub-regulation (2). The amendment is titled the Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026 and takes effect on publication in the Official Gazette.
The RBI amends the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 by reducing the time limit in Regulation 9 for realisation and repatriation-related requirements from fifteen months to nine months in sub-regulation (1) and clause (a) of sub-regulation (2). The amendment is titled the Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026 and takes effect on publication in the Official Gazette.
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