Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
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.