Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
SEBI has expanded the permissible use of fresh borrowings by InvITs where net borrowings exceed 49% of InvIT asset value. The borrowings may now be used for capital expenditure to enhance asset performance or augment capacity, for major maintenance expenses in road projects, and for refinancing debt by the InvIT, SPV or Holdco. Major maintenance is limited to non-routine maintenance required under the concession agreement, and road project is confined to the notified roads and bridges infrastructure sub-sector. Refinancing is permitted only for the principal portion of eligible original debt; accumulated interest, charges and fees cannot be refinanced. The circular takes immediate effect.
SEBI has expanded the permissible use of fresh borrowings by InvITs where net borrowings exceed 49% of InvIT asset value. The borrowings may now be used for capital expenditure to enhance asset performance or augment capacity, for major maintenance expenses in road projects, and for refinancing debt by the InvIT, SPV or Holdco. Major maintenance is limited to non-routine maintenance required under the concession agreement, and road project is confined to the notified roads and bridges infrastructure sub-sector. Refinancing is permitted only for the principal portion of eligible original debt; accumulated interest, charges and fees cannot be refinanced. The circular takes immediate effect.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4816 
Join Channel 
