Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Authorised Dealers are prohibited from offering non-deliverable derivative contracts involving INR to resident or non-resident users, while deliverable foreign exchange derivative contracts may continue only for hedging purposes and where the user does not hold offsetting non-deliverable positions. Users may not rebook any cancelled INR-linked foreign exchange derivative contract, whether deliverable or non-deliverable, after the date of these instructions. Authorised Dealers are also barred from entering into any foreign exchange derivative contract involving INR with related parties, with related party meaning aligned to Ind AS 24 or IAS 24. The directions take immediate effect and remain operative until further review.
Authorised Dealers are prohibited from offering non-deliverable derivative contracts involving INR to resident or non-resident users, while deliverable foreign exchange derivative contracts may continue only for hedging purposes and where the user does not hold offsetting non-deliverable positions. Users may not rebook any cancelled INR-linked foreign exchange derivative contract, whether deliverable or non-deliverable, after the date of these instructions. Authorised Dealers are also barred from entering into any foreign exchange derivative contract involving INR with related parties, with related party meaning aligned to Ind AS 24 or IAS 24. The directions take immediate effect and remain operative until further review.
Note: It is a system-generated summary and is for quick reference only.
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