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...
A regulator amends guidance on Special Rupee Vostro Accounts, clarifying that authorised dealer Category-I banks may, with immediate effect, permit surplus balances to be invested not only in government treasury bills and securities but also in non-convertible debentures, bonds and commercial paper issued by Indian companies, subject to guidelines and limits set forth in the referenced circular and compliance with FEMA and any other applicable statutory permissions or approvals under other laws. The direction is issued under the regulator's FEMA powers and must be communicated to affected constituents.
A regulator amends guidance on Special Rupee Vostro Accounts, clarifying that authorised dealer Category-I banks may, with immediate effect, permit surplus balances to be invested not only in government treasury bills and securities but also in non-convertible debentures, bonds and commercial paper issued by Indian companies, subject to guidelines and limits set forth in the referenced circular and compliance with FEMA and any other applicable statutory permissions or approvals under other laws. The direction is issued under the regulator's FEMA powers and must be communicated to affected constituents.
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TaxTMI 
TaxTMI 
