Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
The notification amends the Foreign Exchange Management (Debt Instruments) Regulations, 2019, allowing persons residing outside India to purchase and sell Sovereign Green Bonds issued by the Government of India in the International Financial Services Centre (IFSC), subject to specified terms and conditions. It permits inward remittance or use of foreign currency account funds for purchase consideration and outward remittance of sale/maturity proceeds (net of taxes). The amendment aims to facilitate investment in Sovereign Green Bonds by non-residents in the IFSC.
The notification amends the Foreign Exchange Management (Debt Instruments) Regulations, 2019, allowing persons residing outside India to purchase and sell Sovereign Green Bonds issued by the Government of India in the International Financial Services Centre (IFSC), subject to specified terms and conditions. It permits inward remittance or use of foreign currency account funds for purchase consideration and outward remittance of sale/maturity proceeds (net of taxes). The amendment aims to facilitate investment in Sovereign Green Bonds by non-residents in the IFSC.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
