Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
The circular mandates Alternative Investment Funds (AIFs) to conduct an annual audit of compliance with the Private Placement Memorandum (PPM) as per SEBI (AIF) Regulations, 2012. A standardized reporting format for PPM Audit Report has been introduced for various AIF categories in consultation with the Standard Setting Forum for AIFs (SFA). AIFs must submit the PPM audit reports to SEBI online through the SEBI Intermediary Portal (SI Portal) within 6 months from the end of the Financial Year. Optional audit sections include 'Risk Factors', 'Legal, Regulatory and Tax Considerations', 'Track Record of First Time Managers', 'Illustration of Fees and Expenses', and 'Glossary and Terms'. The reporting requirements are effective for the Financial Year ending March 31, 2024 onwards. The circular is issued u/s 11(1) of the Securities and Exchange Board of India Act, 1992 to safeguard investor interests and regulate the securities market. The reporting format will be periodically reviewed and
The circular mandates Alternative Investment Funds (AIFs) to conduct an annual audit of compliance with the Private Placement Memorandum (PPM) as per SEBI (AIF) Regulations, 2012. A standardized reporting format for PPM Audit Report has been introduced for various AIF categories in consultation with the Standard Setting Forum for AIFs (SFA). AIFs must submit the PPM audit reports to SEBI online through the SEBI Intermediary Portal (SI Portal) within 6 months from the end of the Financial Year. Optional audit sections include 'Risk Factors', 'Legal, Regulatory and Tax Considerations', 'Track Record of First Time Managers', 'Illustration of Fees and Expenses', and 'Glossary and Terms'. The reporting requirements are effective for the Financial Year ending March 31, 2024 onwards. The circular is issued u/s 11(1) of the Securities and Exchange Board of India Act, 1992 to safeguard investor interests and regulate the securities market. The reporting format will be periodically reviewed and
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