TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
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.
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