Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
AD Cat-I banks may exclude swap positions arising from FCNR (B) deposits, external commercial borrowings and overseas foreign currency borrowings raised under the specified swap-facility circulars, provided they continue to comply with A.P. (DIR Series) Circular No. 24 dated March 27, 2026. The circular operates as a clarification on the treatment of NOP-INR positions for these swap exposures and preserves compliance with other applicable legal requirements.
AD Cat-I banks may exclude swap positions arising from FCNR (B) deposits, external commercial borrowings and overseas foreign currency borrowings raised under the specified swap-facility circulars, provided they continue to comply with A.P. (DIR Series) Circular No. 24 dated March 27, 2026. The circular operates as a clarification on the treatment of NOP-INR positions for these swap exposures and preserves compliance with other applicable legal requirements.
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