Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
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...
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The RBI issued Master Directions on Compounding of Contraventions under FEMA, 1999, effective April 24, 2025. Key highlights include: Compounding Process: Entities can apply to compound FEMA contraventions within 180 days, with a fixed application fee of INR 10,000. The RBI will assess contraventions based on factors like undue gains, economic benefits, and compliance history. Compounding is not allowed for serious contraventions involving money laundering, terror financing, or sovereignty concerns. The compounding amount is calculated using a structured matrix considering the type of contravention, amount involved, and duration of non-compliance, with a maximum cap of 300% of the contravention amount. Applicants must complete administrative actions and provide necessary documentation. The compounding order will specify the contravened provisions, and payment must be made within 15 days of the order.
The RBI issued Master Directions on Compounding of Contraventions under FEMA, 1999, effective April 24, 2025. Key highlights include: Compounding Process: Entities can apply to compound FEMA contraventions within 180 days, with a fixed application fee of INR 10,000. The RBI will assess contraventions based on factors like undue gains, economic benefits, and compliance history. Compounding is not allowed for serious contraventions involving money laundering, terror financing, or sovereignty concerns. The compounding amount is calculated using a structured matrix considering the type of contravention, amount involved, and duration of non-compliance, with a maximum cap of 300% of the contravention amount. Applicants must complete administrative actions and provide necessary documentation. The compounding order will specify the contravened provisions, and payment must be made within 15 days of the order.
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