maturity period

As per the extant policy, eligible borrowers in the telecommunication sector are permitted to avail of ECB for the purpose of payment for spectrum allocation, under the automatic route. Keeping in view the large outlay of funds required to be paid directly to the Government within a limited period of time, it has been decided to make a one-time relaxation in the end-use conditions of the ECB policy. Full Article

SUMMARY OF CASE LAW The Indira Vikas Patras are capital asset as per provisions of section 2(14) of Income-tax Act, 1961; the tax leviable on transferable/ tradable assets prior to the maturity is under the head capital gain tax in the case of the investor. Full Article

*HAVING reviewed the External Commercial Borrowing (ECB) in* in consultation with Reserve Bank of India (RBI) to keep it in tune with the evolving macroeconomic situation, changing market conditions, sectoral requirements, the external sector and lessons of experience, the Ministry of Finance today enhanced the limit to USD 50 mn for Rupee expenditure for permissible [...] Full Article