Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
RBI circular addresses reporting requirements for partly paid units issued by investment vehicles to non-resident investors. Investment vehicles are mandated to file Form InVI within 30 days of unit issuance. For units issued prior to this circular, a special 180-day reporting window is provided without late submission penalties. Subsequent issuances must adhere to the original 30-day reporting timeline under Foreign Exchange Management (Non-debt Instruments) Regulations, 2019. The directive becomes immediately effective, empowering AD Category-I banks to implement these guidelines and notify relevant constituents, with legal authority derived from FEMA sections 10(4) and 11(1).
RBI circular addresses reporting requirements for partly paid units issued by investment vehicles to non-resident investors. Investment vehicles are mandated to file Form InVI within 30 days of unit issuance. For units issued prior to this circular, a special 180-day reporting window is provided without late submission penalties. Subsequent issuances must adhere to the original 30-day reporting timeline under Foreign Exchange Management (Non-debt Instruments) Regulations, 2019. The directive becomes immediately effective, empowering AD Category-I banks to implement these guidelines and notify relevant constituents, with legal authority derived from FEMA sections 10(4) and 11(1).
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
