Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
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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