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Power of AO to Grant Stay — Whether Discretionary or Controlled By the Instructions and Circulars
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Tax Implications in the Hands of Successor / Resulting Company
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Capital Gains Tax Implications in Singapore on Capital Reduction or Liquidation
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Legal Considerations for Start-Ups – Are you overlooking some?
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ATR & AQMM – Audit Reports of Auditors!
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भारत पहले – 75 Year of Independence
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President and CEO of The Institute of Internal Auditors
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January 2012

A.P. (DIR Series) Circular No. 50, dated 23-11-2011 — Comprehensive guidelines on over-the-counter (OTC) foreign exchange derivatives — Foreign currency — INR swaps.

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

Presently, net supply of foreign exchange in the foreign currency — INR swap market cannot exceed US $ 100 million.

This Circular removes this cap/limit of US $ 100 million on net supply of foreign exchange in the foreign currency — INR swap market.

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Sections 2(24) read with sections 4 and 28(i) of the Income Tax Act, 1961 – Amount realised on sale of carbon credits is a Capital Receipt and it cannot be taxed as a Revenue Receipt.

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January 2012

A.P. (DIR Series) Circular No. 50, dated 23-11-2011 — Comprehensive guidelines on over-the-counter (OTC) foreign exchange derivatives — Foreign currency — INR swaps.

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Sections 2(24) read with sections 4 and 28(i) of the Income Tax Act, 1961 – Amount realised on sale of carbon credits is a Capital Receipt and it cannot be taxed as a Revenue Receipt.

A.P. (DIR Series) Circular No. 51, dated 23-11-2011 — External Commercial Borrowings (ECB) Policy.

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January 2012

A.P. (DIR Series) Circular No. 50, dated 23-11-2011 — Comprehensive guidelines on over-the-counter (OTC) foreign exchange derivatives — Foreign currency — INR swaps.

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You May Also Like

Sections 2(24) read with sections 4 and 28(i) of the Income Tax Act, 1961 – Amount realised on sale of carbon credits is a Capital Receipt and it cannot be taxed as a Revenue Receipt.

A.P. (DIR Series) Circular No. 51, dated 23-11-2011 — External Commercial Borrowings (ECB) Policy.