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...
Category-I Authorised Dealer banks are now permitted to open Special Rupee Vostro Accounts for overseas correspondent banks without prior approval from the Reserve Bank of India. This change, effective immediately, modifies previous requirements and aims to facilitate international trade settlements in Indian Rupees. Banks must inform their clients and constituents accordingly. These directions are issued under the Foreign Exchange Management Act, 1999, and do not override any other legal permissions or approvals that may be necessary.
Category-I Authorised Dealer banks are now permitted to open Special Rupee Vostro Accounts for overseas correspondent banks without prior approval from the Reserve Bank of India. This change, effective immediately, modifies previous requirements and aims to facilitate international trade settlements in Indian Rupees. Banks must inform their clients and constituents accordingly. These directions are issued under the Foreign Exchange Management Act, 1999, and do not override any other legal permissions or approvals that may be necessary.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
