Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
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.
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