Section 10A and related deductions: Tribunal rejects separate-undertaking claim, but allows loss set-off, ESOP cost and foreign tax credit in principl...
The Ministry of Finance's recent notification amends the FEMA (Non-debt Instruments) Rules, particularly focusing on the space sector. These amendments introduce investment thresholds for different segments within the sector, such as 100% FDI under the automatic route for manufacturing satellite components and a mixed approach for more sensitive areas like satellite operations and launch vehicles.
The Ministry of Finance's recent notification amends the FEMA (Non-debt Instruments) Rules, particularly focusing on the space sector. These amendments introduce investment thresholds for different segments within the sector, such as 100% FDI under the automatic route for manufacturing satellite components and a mixed approach for more sensitive areas like satellite operations and launch vehicles.
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