Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exim Bank established a USD 120 million Line of Credit agreement with GO-VNM, effective January 20, 2025, for procuring High-Speed Guard Boats. The LoC, supported by GOI, facilitates exports of eligible goods and services from India, subject to Foreign Trade Policy compliance. The disbursement period extends to 60 months post-project completion. No agency commission is directly payable under the LoC, though exporters may utilize their own resources or Exchange Earners' Foreign Currency Account balances for commission payments after export realization. The directive, issued under FEMA sections 10(4) and 11(1), requires AD Category-I banks to process transactions in accordance with these terms.
Exim Bank established a USD 120 million Line of Credit agreement with GO-VNM, effective January 20, 2025, for procuring High-Speed Guard Boats. The LoC, supported by GOI, facilitates exports of eligible goods and services from India, subject to Foreign Trade Policy compliance. The disbursement period extends to 60 months post-project completion. No agency commission is directly payable under the LoC, though exporters may utilize their own resources or Exchange Earners' Foreign Currency Account balances for commission payments after export realization. The directive, issued under FEMA sections 10(4) and 11(1), requires AD Category-I banks to process transactions in accordance with these terms.
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