Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
SEBI permits mutual funds to use intraday borrowing to manage liquidity mismatches caused by settlement timing differences. The facility may be used for unitholder pay-outs, scheme investment pay-ins, mark-to-market obligations, foreign exchange settlements and repayment of existing borrowings, subject to end-of-day repayment and regulatory limits if converted into overnight borrowing. AMC and trustee boards must approve a policy, publish it on the AMC website, maintain scheme-wise records of the mismatch and repayment source, and ensure compliance with the mutual fund regulations and master circular. Any borrowing cost or loss from delayed receivables must be borne by the AMC. The circular applies from 1 September 2026.
SEBI permits mutual funds to use intraday borrowing to manage liquidity mismatches caused by settlement timing differences. The facility may be used for unitholder pay-outs, scheme investment pay-ins, mark-to-market obligations, foreign exchange settlements and repayment of existing borrowings, subject to end-of-day repayment and regulatory limits if converted into overnight borrowing. AMC and trustee boards must approve a policy, publish it on the AMC website, maintain scheme-wise records of the mismatch and repayment source, and ensure compliance with the mutual fund regulations and master circular. Any borrowing cost or loss from delayed receivables must be borne by the AMC. The circular applies from 1 September 2026.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
