Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
The FEMA (Non-debt Instruments) (Third Amendment) Rules, 2026 expand the relevant investment and transfer permissions from NRIs/OCIs to any individual person resident outside India, while retaining repatriation-based dealings in listed Indian companies and related securities. The amendment also revises Chapter V headings and Schedule III to align the framework with this broader category, subject to existing schedule conditions, Government approval for sensitive sectors, and additional approval where ownership or control would pass to entities or citizens of land-border countries or their beneficial owners. It also tightens portfolio holding limits, requires divestment or reclassification to FDI on breach of the ten per cent cap, and clarifies that interim breach is not a contravention if cured within the prescribed time.
The FEMA (Non-debt Instruments) (Third Amendment) Rules, 2026 expand the relevant investment and transfer permissions from NRIs/OCIs to any individual person resident outside India, while retaining repatriation-based dealings in listed Indian companies and related securities. The amendment also revises Chapter V headings and Schedule III to align the framework with this broader category, subject to existing schedule conditions, Government approval for sensitive sectors, and additional approval where ownership or control would pass to entities or citizens of land-border countries or their beneficial owners. It also tightens portfolio holding limits, requires divestment or reclassification to FDI on breach of the ten per cent cap, and clarifies that interim breach is not a contravention if cured within the prescribed time.
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