Can AD bank approve for extension of the project account after the tenure of the project for genuine reasons like completion of warranty period, statutory works like Income tax assessments, VAT assessments, Service tax assessments, to make arrangements for the sale of assets etc.

Can AD bank approve for extension of the project account after the tenure of the project for genuine reasons like completion of warranty period, statutory works like Income tax assessments, VAT assessments, Service tax assessments, to make arrangements for the sale of assets etc. https://www.taxtmi.com/manuals?id=6366 Authorised dealers may approve extensions of project accounts after project tenure for genuine post completion reasons such as warranty completion, statutory tax and service tax assessments, and arranging asset sales, provided the authorised dealer intimates the Reserve Bank, Foreign Exchange Department, CO Cell. en-us Tue, 10 Dec 2024 14:34:00 +0530 Tue, 10 Dec 2024 14:34:00 +0530 TaxTMI RSS Generator Can AD bank approve for extension of the project account after the tenure of the project for genuine reasons like completion of warranty period, statutory works like Income tax assessments, VAT assessments, Service tax assessments, to make arrangements for the sale of assets etc. https://www.taxtmi.com/manuals?id=6366 Authorised dealers may approve extensions of project accounts after project tenure for genuine post completion reasons such as warranty completion, statutory tax and service tax assessments, and arranging asset sales, provided the authorised dealer intimates the Reserve Bank, Foreign Exchange Department, CO Cell. Manuals FEMA Tue, 10 Dec 2024 14:34:00 +0530 https://www.taxtmi.com/manuals?id=6366