Appeal allows marketing payments as deductible business expenses under Sec.37; director pay retained; R&D deductible from certificate date under Sec.3...
Registration under s.12AB upheld; CIT(Exemptions) exceeded jurisdiction by deciding taxability instead of preliminary verification and registration di...
A government department clarified that exports of services from one Special Economic Zone (SEZ) unit to another SEZ unit, and from Domestic Tariff Area (DTA) units to SEZ units, are not subject to FEMA regulations and therefore do not require filing SOFTEX forms or EDF declarations; the instruction, issued in consultation with the central bank and approved by the competent authority, directs zonal SEZ officials to notify stakeholders accordingly.
A government department clarified that exports of services from one Special Economic Zone (SEZ) unit to another SEZ unit, and from Domestic Tariff Area (DTA) units to SEZ units, are not subject to FEMA regulations and therefore do not require filing SOFTEX forms or EDF declarations; the instruction, issued in consultation with the central bank and approved by the competent authority, directs zonal SEZ officials to notify stakeholders accordingly.
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