Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
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AD Category-I banks must submit daily reporting of FCNR (B) deposits, ECBs and OFCBs mobilized under the Reserve Bank's swap facility by 6 p.m. each day, using the prescribed annexure-wise email formats. Where no transactions occur, a NIL statement must be filed, except on Saturdays and holidays. Data from June 8, 2026 up to the date of the circular must be included with the first return due on June 22, 2026. The directions are issued under FEMA and operate without prejudice to any approvals required under other law.
AD Category-I banks must submit daily reporting of FCNR (B) deposits, ECBs and OFCBs mobilized under the Reserve Bank's swap facility by 6 p.m. each day, using the prescribed annexure-wise email formats. Where no transactions occur, a NIL statement must be filed, except on Saturdays and holidays. Data from June 8, 2026 up to the date of the circular must be included with the first return due on June 22, 2026. The directions are issued under FEMA and operate without prejudice to any approvals required under other law.
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