Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
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The facility to create standing instructions for Systematic Withdrawal Plans and Systematic Transfer Plans is extended to mutual fund units held in demat form. Phase I will enable unit-based instructions for redemption or transfer of a fixed number of units at specified intervals, to be implemented by January 31, 2027. Phase II will enable amount-based instructions for fixed periodic payouts or purchases in another scheme of the same mutual fund, to be implemented by April 30, 2027. Depositories must act as nodal facilitators, jointly publish an operational framework by October 31, 2026, amend relevant rules, make necessary system changes, and publish the circular. The circular takes immediate effect.
The facility to create standing instructions for Systematic Withdrawal Plans and Systematic Transfer Plans is extended to mutual fund units held in demat form. Phase I will enable unit-based instructions for redemption or transfer of a fixed number of units at specified intervals, to be implemented by January 31, 2027. Phase II will enable amount-based instructions for fixed periodic payouts or purchases in another scheme of the same mutual fund, to be implemented by April 30, 2027. Depositories must act as nodal facilitators, jointly publish an operational framework by October 31, 2026, amend relevant rules, make necessary system changes, and publish the circular. The circular takes immediate effect.
Note: It is a system-generated summary and is for quick reference only.