Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Rule 6DDC - Conditions that a recognised association is required to fulfil to be notified as a recognised association for the purposes of clause (e) of the proviso to clause (5) of section 43.
Income-tax Rules, 1962 Part C Profits and gains of business or profession
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Derivative trading compliance rules require recognised associations to preserve client data, audit trails, and monthly reporting obligations. A recognised association seeking notification for the purposes of the proviso to clause (5)(e) of section 43 must satisfy specified conditions in relation to trading in derivatives. The association must obtain approval from the Forward Markets Commission, record and store client particulars, maintain a complete audit trail for seven years, ensure transactions once registered are not erased, and permit modifications only for genuine error. It must also submit a monthly statement in Form No. 3BC within fifteen days from month-end.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Derivative trading compliance rules require recognised associations to preserve client data, audit trails, and monthly reporting obligations.
A recognised association seeking notification for the purposes of the proviso to clause (5)(e) of section 43 must satisfy specified conditions in relation to trading in derivatives. The association must obtain approval from the Forward Markets Commission, record and store client particulars, maintain a complete audit trail for seven years, ensure transactions once registered are not erased, and permit modifications only for genuine error. It must also submit a monthly statement in Form No. 3BC within fifteen days from month-end.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
