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...
The central bank mandates that, from January 1, 2026, Authorised Dealer Category-II banks, entities, and full-fledged money changers must directly submit a "LRS daily return" (including nil returns) on the Centralised Information Management System. They will gain CIMS access to verify cumulative PAN-wise remittances under the Liberalised Remittance Scheme in the current financial year before processing further transactions. Consequently, these entities may stop routing LRS transaction reporting through Authorised Dealer Category-I banks. All authorised persons must follow the CIMS user manual and may approach the relevant regional foreign exchange department for operational issues. The Master Direction on FEMA reporting will be updated accordingly.
The central bank mandates that, from January 1, 2026, Authorised Dealer Category-II banks, entities, and full-fledged money changers must directly submit a "LRS daily return" (including nil returns) on the Centralised Information Management System. They will gain CIMS access to verify cumulative PAN-wise remittances under the Liberalised Remittance Scheme in the current financial year before processing further transactions. Consequently, these entities may stop routing LRS transaction reporting through Authorised Dealer Category-I banks. All authorised persons must follow the CIMS user manual and may approach the relevant regional foreign exchange department for operational issues. The Master Direction on FEMA reporting will be updated accordingly.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
