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...
Registered Investment Advisers and Research Analysts seeking to communicate certified past performance data to clients, including prospective clients, must enrol with the Past Risk and Return Verification Agency (PaRRVA) by September 03, 2026. The circular extends the previously prescribed enrolment deadline to facilitate smooth implementation of the PaRRVA framework. Advisers and analysts that do not enrol by the extended deadline cannot communicate certified past performance data to clients under the framework.
Registered Investment Advisers and Research Analysts seeking to communicate certified past performance data to clients, including prospective clients, must enrol with the Past Risk and Return Verification Agency (PaRRVA) by September 03, 2026. The circular extends the previously prescribed enrolment deadline to facilitate smooth implementation of the PaRRVA framework. Advisers and analysts that do not enrol by the extended deadline cannot communicate certified past performance data to clients under the framework.
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