CBIC waiving interest, penalties, or both for specific tax demands
Taxpayers must submit electronic applications on the common portal within three months from the notified date or six months for redetermined cases. Each notice or order requires a separate application.
Framework for Special Purpose Vehicle (SPV) for Co-Investment and Leverage Transactions
The International Financial Services Centres Authority (IFSCA) has introduced a consultation paper to operationalize a structured framework for Special Purpose Vehicles (SPVs) under the IFSCA (Fund Management) Regulations, 2022. This initiative aims to enhance the ease of doing business and foster the growth of the alternative investment industry within International Financial Services Centres (IFSCs).
