Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
RBI amends the FEMA Non-Debt Instruments Regulations, 2019 to revise payment and remittance rules for certain equity and pension-related investments. For Schedule III, it specifies that consideration by individual persons resident outside India, including NRIs and OCIs, must be paid through inward remittance or repatriable deposit accounts, and allows sale proceeds of equity instruments, mutual fund units and NPS subscriptions to be remitted abroad or credited to permitted rupee or deposit accounts. For Schedule XI, it restates the payment channels for purchase or subscription of equity shares of Indian companies listed on international exchanges and permits sale proceeds to be remitted abroad or credited to the holder's permitted bank account. It also updates reporting under Form LEC (IFI) for such purchases or transfers on Indian stock exchanges.
RBI amends the FEMA Non-Debt Instruments Regulations, 2019 to revise payment and remittance rules for certain equity and pension-related investments. For Schedule III, it specifies that consideration by individual persons resident outside India, including NRIs and OCIs, must be paid through inward remittance or repatriable deposit accounts, and allows sale proceeds of equity instruments, mutual fund units and NPS subscriptions to be remitted abroad or credited to permitted rupee or deposit accounts. For Schedule XI, it restates the payment channels for purchase or subscription of equity shares of Indian companies listed on international exchanges and permits sale proceeds to be remitted abroad or credited to the holder's permitted bank account. It also updates reporting under Form LEC (IFI) for such purchases or transfers on Indian stock exchanges.
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