Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
The SEBI issued a circular, addressing amendments to the disclosure requirements for Foreign Portfolio Investors (FPIs). - In addition to the criteria outlined in the previous circular, an FPI with over 50% of its Indian equity Assets Under Management (AUM) within a corporate group is exempt from additional disclosure requirements subject to certain conditions. - Custodians and depositories are tasked with tracking the utilization of the 3% limit for apex companies without identified promoters on a daily basis. Public disclosure of breaches or meeting this limit is required before the start of trading the next day. - See the circular for further conditions and instructions.
The SEBI issued a circular, addressing amendments to the disclosure requirements for Foreign Portfolio Investors (FPIs). - In addition to the criteria outlined in the previous circular, an FPI with over 50% of its Indian equity Assets Under Management (AUM) within a corporate group is exempt from additional disclosure requirements subject to certain conditions. - Custodians and depositories are tasked with tracking the utilization of the 3% limit for apex companies without identified promoters on a daily basis. Public disclosure of breaches or meeting this limit is required before the start of trading the next day. - See the circular for further conditions and instructions.
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