Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Persons selling or distributing Specialized Investment Fund...
Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributors' eligibility temporarily.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Persons selling or distributing Specialized Investment Fund products must hold a valid NISM Series-V-D Mutual Fund-Specialized Investment Fund Distributors Certification, which also permits distribution of Mutual Fund products without a separate NISM Series V-A certification. Distributors dealing only in Mutual Fund products must continue to hold NISM Series V-A certification. The Common Derivatives Certification requirement for SIF distribution ceases after September 21, 2026. Existing SIF distributors with a valid Common Derivatives Certification obtained by that date may rely on it until expiry, provided they retain valid Series V-A certification during the transition. AMFI and AMCs must ensure distributor and agent compliance; the revised requirements apply immediately.
Persons selling or distributing Specialized Investment Fund products must hold a valid NISM Series-V-D Mutual Fund-Specialized Investment Fund Distributors Certification, which also permits distribution of Mutual Fund products without a separate NISM Series V-A certification. Distributors dealing only in Mutual Fund products must continue to hold NISM Series V-A certification. The Common Derivatives Certification requirement for SIF distribution ceases after September 21, 2026. Existing SIF distributors with a valid Common Derivatives Certification obtained by that date may rely on it until expiry, provided they retain valid Series V-A certification during the transition. AMFI and AMCs must ensure distributor and agent compliance; the revised requirements apply immediately.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
