Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The RBI amended the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019, revising provisions related to mode of payment and remittance of sale proceeds for investments by persons resident outside India. Key changes include allowing inward remittances through banking channels or from foreign currency/rupee accounts for equity, FPI, LLP, FVCI, investment vehicle and IDR investments. Sale/disinvestment proceeds can be remitted abroad or credited to foreign currency/rupee accounts. Convertible notes issued by Indian startups can be subscribed through inward remittances or foreign currency/rupee accounts, with repayment/sale proceeds allowed for outward remittance or credit to such accounts.
The RBI amended the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019, revising provisions related to mode of payment and remittance of sale proceeds for investments by persons resident outside India. Key changes include allowing inward remittances through banking channels or from foreign currency/rupee accounts for equity, FPI, LLP, FVCI, investment vehicle and IDR investments. Sale/disinvestment proceeds can be remitted abroad or credited to foreign currency/rupee accounts. Convertible notes issued by Indian startups can be subscribed through inward remittances or foreign currency/rupee accounts, with repayment/sale proceeds allowed for outward remittance or credit to such accounts.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
