Approved gratuity fund provisions remain deductible despite general actual-payment requirements, preventing revision of the allowed gratuity deduction...
Verification of intangible software expenditure and duplicated disallowances requires record-based reassessment before depreciation and income computa...
Cash receipt aggregation requires a single transaction, event or occasion; separate partner capital contributions cannot attract cash-receipt penaltie...
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Accepted early pay-in (EPI) of securities for a client's net sell obligation permits clearing corporations to waive real-time margin collection from trading or clearing members on the client's subsequent same-day cash-segment buy or sell positions, limited to the lower of the EPI value and the value of securities sold. The EPI value must be reduced when assessing margin availability for positions taken against it. If the client squares off an EPI-backed sale, the EPI value is removed and any resulting client-level margin shortfall is blocked from the member's proprietary collateral; this does not apply to trade-for-trade securities. Trading members must permit EPI-backed square-offs or new positions only where requisite client margins are available. The framework takes effect four months after issuance.
Accepted early pay-in (EPI) of securities for a client's net sell obligation permits clearing corporations to waive real-time margin collection from trading or clearing members on the client's subsequent same-day cash-segment buy or sell positions, limited to the lower of the EPI value and the value of securities sold. The EPI value must be reduced when assessing margin availability for positions taken against it. If the client squares off an EPI-backed sale, the EPI value is removed and any resulting client-level margin shortfall is blocked from the member's proprietary collateral; this does not apply to trade-for-trade securities. Trading members must permit EPI-backed square-offs or new positions only where requisite client margins are available. The framework takes effect four months after issuance.
Note: It is a system-generated summary and is for quick reference only.