Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
Foreign Portfolio Investor limits for FY 2026-27 in debt instruments are kept at 6% for G-Secs, 2% for SGSs and 15% for corporate bonds under the General Route, with the G-Sec incremental increase retained on a 50:50 split between General and Long-term sub-categories. The entire incremental increase in SGS limits is placed in the General sub-category, specified securities continue to be reckoned under the Fully Accessible Route, and investments under the Voluntary Retention Route are brought within the General Route limits from 1 April 2026. The circular also fixes the aggregate notional amount of Credit Default Swaps sold by FPIs at 5% of outstanding corporate bonds and withdraws the earlier 2025-26 circular.
Foreign Portfolio Investor limits for FY 2026-27 in debt instruments are kept at 6% for G-Secs, 2% for SGSs and 15% for corporate bonds under the General Route, with the G-Sec incremental increase retained on a 50:50 split between General and Long-term sub-categories. The entire incremental increase in SGS limits is placed in the General sub-category, specified securities continue to be reckoned under the Fully Accessible Route, and investments under the Voluntary Retention Route are brought within the General Route limits from 1 April 2026. The circular also fixes the aggregate notional amount of Credit Default Swaps sold by FPIs at 5% of outstanding corporate bonds and withdraws the earlier 2025-26 circular.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
