Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
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RBI has withdrawn the prior approval requirement for tie-ups between non-bank entities and Authorised Dealer Category-I banks for facilitating outward remittances, and has deleted paragraph 10 of the Master Direction with immediate effect. ADs may now use third-party online interfaces for non-trade current account outward remittances only if they comply with detailed transparency, customer protection, KYC, grievance redressal, data privacy, cybersecurity, settlement, and fund-safeguarding requirements. The AD remains solely responsible for FEMA compliance and for all acts and omissions of the third party, and remitter funds must move directly from the remitter's bank account to the beneficiary's bank account.
RBI has withdrawn the prior approval requirement for tie-ups between non-bank entities and Authorised Dealer Category-I banks for facilitating outward remittances, and has deleted paragraph 10 of the Master Direction with immediate effect. ADs may now use third-party online interfaces for non-trade current account outward remittances only if they comply with detailed transparency, customer protection, KYC, grievance redressal, data privacy, cybersecurity, settlement, and fund-safeguarding requirements. The AD remains solely responsible for FEMA compliance and for all acts and omissions of the third party, and remitter funds must move directly from the remitter's bank account to the beneficiary's bank account.
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