Incremental Carry Forward Margin revised for excessive carry forward positions under Modified Carry Forward System, higher slab rates apply. Incremental Carry Forward Margin (ICFM) is levied in addition to carry forward margin when carry forward positions exceed specified thresholds; ICFM is charged at the higher of two rate schedules-one by Net Outstanding Market Position bands and one by Carry Forward Net Position percentage bands-so that progressively higher rates apply with larger absolute or percentage positions, and other provisions of the original circular remain unchanged.
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.
Incremental Carry Forward Margin revised for excessive carry forward positions under Modified Carry Forward System, higher slab rates apply.
Incremental Carry Forward Margin (ICFM) is levied in addition to carry forward margin when carry forward positions exceed specified thresholds; ICFM is charged at the higher of two rate schedules-one by Net Outstanding Market Position bands and one by Carry Forward Net Position percentage bands-so that progressively higher rates apply with larger absolute or percentage positions, and other provisions of the original circular remain unchanged.
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 
