Draft Rules 191 to 193 clarify modes of service, regulate admission of additional evidence before appellate authorities, and mandate prescribed forms for filing appeals and cross-objections before the Appellate Tribunal.
Draft Rule 190 requires registered non-profits to electronically file Form 113 and issue Form 114 certificates by 31st May each year, ensuring structured reporting and verification of donations.
Draft Rules 188 and 189 require registered non-profits to file audit reports one month before return due date and prescribe a detailed fair market value methodology for computing accreted income under section 352.
Draft Rule 187 mandates comprehensive maintenance of books, corpus records, investment details, and related-party transaction documentation by registered non-profit organisations to ensure transparency and long-term compliance.
Draft Rules 184 to 186 require registered non-profit organisations to electronically file Forms 108, 109, and 110 within the return due date for deemed application, income accumulation, and change of purpose, ensuring strict procedural compliance.
Draft Rules 182 and 183 require registered non-profit organisations to compute commercial gains separately and tax any benefits extended to related persons at fair value, ensuring transparency and preventing diversion of charitable resources.
The International Financial Services Centres Authority issued a circular on 2 March 2026 prescribing a comprehensive fee structure for entities undertaking or intending to undertake permissible activities in International Financial Services Centres (IFSCs) and for persons seeking guidance under the Informal Guidance Scheme, 2024. The circular applies to applicants seeking licence, registration, recognition, or authorisation […]
Rule 233 defines when electronic notices are deemed authenticated and empowers the Systems Directorate to specify designated emails, websites, and security standards.
Rule 232 specifies permissible physical and electronic addresses for serving notices under section 501 and mandates secure digital transmission standards by the Systems Directorate.
Rule 220 requires structured filing of Form 145 for payments to non-residents, prescribes exemptions for specified remittances, and mandates quarterly reporting by authorised dealers and IFSC units.
