Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
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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