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 circular mandates that the key investment team of an Alternative Investment Fund (AIF) manager must have at least one key personnel with a specified certification. The certification requirement, u/s Regulation 4(g)(i) of SEBI (AIF) Regulations, 2012, came into force on May 10, 2024. The key personnel must pass the NISM Series-XIX-C exam. Existing AIF schemes and pending scheme applications must comply by May 9, 2025. The trustee/sponsor must ensure compliance and include it in the Compliance Test Report. The circular is u/s Section 11(1) of SEBI Act, 1992, to safeguard investor interests and regulate the securities market.
The circular mandates that the key investment team of an Alternative Investment Fund (AIF) manager must have at least one key personnel with a specified certification. The certification requirement, u/s Regulation 4(g)(i) of SEBI (AIF) Regulations, 2012, came into force on May 10, 2024. The key personnel must pass the NISM Series-XIX-C exam. Existing AIF schemes and pending scheme applications must comply by May 9, 2025. The trustee/sponsor must ensure compliance and include it in the Compliance Test Report. The circular is u/s Section 11(1) of SEBI Act, 1992, to safeguard investor interests and regulate the securities market.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
