Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
AD Category-I banks may open Special Rupee Vostro Accounts for their overseas branches or banks resident outside India. SRVAs provide an additional INR-based arrangement for invoicing, payment and settlement of cross-border exports and imports, and may also settle permissible FEMA current and capital account transactions. Banks maintaining SRVAs may open dedicated additional current accounts for exporters or importers for trade settlement. SRVAs may receive inward remittances, transfers from repatriable INR accounts and proceeds of permissible transactions; investments of balances in debt instruments remain subject to the applicable RBI directions. FEMA documentation and reporting requirements continue, and SRVA details may be updated in the FEDAI directory. The consolidated instructions take immediate effect and supersede specified prior circulars.
AD Category-I banks may open Special Rupee Vostro Accounts for their overseas branches or banks resident outside India. SRVAs provide an additional INR-based arrangement for invoicing, payment and settlement of cross-border exports and imports, and may also settle permissible FEMA current and capital account transactions. Banks maintaining SRVAs may open dedicated additional current accounts for exporters or importers for trade settlement. SRVAs may receive inward remittances, transfers from repatriable INR accounts and proceeds of permissible transactions; investments of balances in debt instruments remain subject to the applicable RBI directions. FEMA documentation and reporting requirements continue, and SRVA details may be updated in the FEDAI directory. The consolidated instructions take immediate effect and supersede specified prior circulars.
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