Interest and dividend reporting must be on an entitlement basis for custodial accounts and cover the full calendar year. SEBI directs depositories to add a data field for RTAs to record corporate action dividend/interest per unit and provide it to DPs; DPs must report dividend and interest on an entitlement basis for the entire calendar year for any demat account identified as reportable, ensuring reporting of total gross amounts generated with respect to assets in custodial accounts as required under the Income Tax Rules.
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.
Interest and dividend reporting must be on an entitlement basis for custodial accounts and cover the full calendar year.
SEBI directs depositories to add a data field for RTAs to record corporate action dividend/interest per unit and provide it to DPs; DPs must report dividend and interest on an entitlement basis for the entire calendar year for any demat account identified as reportable, ensuring reporting of total gross amounts generated with respect to assets in custodial accounts as required under the Income Tax Rules.
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 
