Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
RBI has amended the Master Direction on non-resident investment in debt instruments by consolidating earlier instructions on NRI investment in debt instruments and the use of debt instruments acquired under FEMA 396 as collateral with recognised stock exchanges for exchange traded derivative transactions. The updated Master Direction is enclosed for authorised dealer Category-I banks, which are to circulate the changes to concerned constituents and customers. The circular is issued under the Foreign Exchange Management Act, 1999 and operates without prejudice to approvals required under any other law.
RBI has amended the Master Direction on non-resident investment in debt instruments by consolidating earlier instructions on NRI investment in debt instruments and the use of debt instruments acquired under FEMA 396 as collateral with recognised stock exchanges for exchange traded derivative transactions. The updated Master Direction is enclosed for authorised dealer Category-I banks, which are to circulate the changes to concerned constituents and customers. The circular is issued under the Foreign Exchange Management Act, 1999 and operates without prejudice to approvals required under any other law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4796
Join Channel
TaxTMI 
