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...
The central bank amended foreign currency account rules to permit residents who are exporters to open and maintain foreign currency accounts outside India, including in International Financial Services Centres (IFSCs), for realisation of full export proceeds and advance remittances; funds may be used for paying imports into India or repatriated after adjusting forward commitments within three months if the account is with a bank in an IFSC or by the next month for other jurisdictions, subject to compliance with existing export realisation and repatriation requirements under the export regulations.
The central bank amended foreign currency account rules to permit residents who are exporters to open and maintain foreign currency accounts outside India, including in International Financial Services Centres (IFSCs), for realisation of full export proceeds and advance remittances; funds may be used for paying imports into India or repatriated after adjusting forward commitments within three months if the account is with a bank in an IFSC or by the next month for other jurisdictions, subject to compliance with existing export realisation and repatriation requirements under the export regulations.
Note: It is a system-generated summary and is for quick reference only.
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