INR derivative dealings with related parties are restricted for Authorised Dealers, subject to limited exceptions and immediate effect. https://www.taxtmi.com/highlights?id=99019 Authorised Dealers must not undertake foreign exchange derivative contracts involving INR with related parties, except for cancellation and rollover of existing contracts and back-to-back transactions with non-related non-resident users under the applicable Master Direction. The term "related parties" is to be read consistently with Ind AS 24, IAS 24, or equivalent accounting standards. The circular withdraws the earlier instruction issued on April 1, 2026 and applies with immediate effect. en-us Tue, 21 Apr 2026 17:42:23 +0530 Tue, 21 Apr 2026 17:42:23 +0530 TaxTMI RSS Generator INR derivative dealings with related parties are restricted for Authorised Dealers, subject to limited exceptions and immediate effect. https://www.taxtmi.com/highlights?id=99019 Authorised Dealers must not undertake foreign exchange derivative contracts involving INR with related parties, except for cancellation and rollover of existing contracts and back-to-back transactions with non-related non-resident users under the applicable Master Direction. The term "related parties" is to be read consistently with Ind AS 24, IAS 24, or equivalent accounting standards. The circular withdraws the earlier instruction issued on April 1, 2026 and applies with immediate effect. Highlights FEMA Tue, 21 Apr 2026 17:42:23 +0530 https://www.taxtmi.com/highlights?id=99019