Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Attachment of Pre Offence Mortgaged Property remains possible under PMLA; secured creditors may pursue statutory claim and seek auction with undertaki...
AD Category-I banks must report OTC foreign exchange derivative contracts involving INR undertaken globally by their related parties to the CCIL trade repository. The reporting covers deliverable and non-deliverable contracts, while back-to-back transactions and transactions with other AD Category-I banks in India may be excluded because they are already reported under existing instructions. The bank may omit contracts with notional value not exceeding USD 1 million or equivalent. From July 1, 2027 and phased through July 1, 2028, banks must meet progressive coverage thresholds for related-party reporting, ultimately reporting all such INR-linked contracts other than the parent's transactions. Reports must include meaningful transaction details and be filed preferably on trade date, and in any event within two working days.
AD Category-I banks must report OTC foreign exchange derivative contracts involving INR undertaken globally by their related parties to the CCIL trade repository. The reporting covers deliverable and non-deliverable contracts, while back-to-back transactions and transactions with other AD Category-I banks in India may be excluded because they are already reported under existing instructions. The bank may omit contracts with notional value not exceeding USD 1 million or equivalent. From July 1, 2027 and phased through July 1, 2028, banks must meet progressive coverage thresholds for related-party reporting, ultimately reporting all such INR-linked contracts other than the parent's transactions. Reports must include meaningful transaction details and be filed preferably on trade date, and in any event within two working days.
Note: It is a system-generated summary and is for quick reference only.
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