Religious purpose exclusion versus charitable purpose: non overriding religious objects do not attract Explanation 3, registration directed under sect...
Search-assessment proviso jurisdiction, time-barred valuation reports, and denial of cross-examination vitiate valuation-based and confession-based ad...
Proceeds of crime: provisional attachment confirmed; equivalent value attachment and acquisition date fair market value upheld, Covid exclusion preser...
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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