Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
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...
The SEBI circular dated April 23, 2024, extends cross margin benefits for offsetting positions with different expiry dates. Spread margins of 40% for correlated indices and 35% for index and constituents are introduced. The benefit is revoked on the expiry day of the first position to expire. Exchanges must monitor cross margin activities. Effective in three months, the circular is issued u/s 11(1) of the SEBI Act to safeguard investor interests and regulate the securities market.
The SEBI circular dated April 23, 2024, extends cross margin benefits for offsetting positions with different expiry dates. Spread margins of 40% for correlated indices and 35% for index and constituents are introduced. The benefit is revoked on the expiry day of the first position to expire. Exchanges must monitor cross margin activities. Effective in three months, the circular is issued u/s 11(1) of the SEBI Act to safeguard investor interests and regulate the securities market.
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