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...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
SEBI issued a circular on eligibility criteria for launching Options with Commodity Futures as underlying by Stock Exchanges with commodity derivative segments. The average daily turnover required for agricultural and agri-processed commodities is reduced to INR 100 crore from INR 200 crore. Stock Exchanges must implement this for Options on Futures contracts introduced after June 1, 2024. Amendments to bye-laws, rules, and regulations are necessary. The circular is u/s 11(1) of the SEBI Act 1992 to protect investor interests and regulate the securities market.
SEBI issued a circular on eligibility criteria for launching Options with Commodity Futures as underlying by Stock Exchanges with commodity derivative segments. The average daily turnover required for agricultural and agri-processed commodities is reduced to INR 100 crore from INR 200 crore. Stock Exchanges must implement this for Options on Futures contracts introduced after June 1, 2024. Amendments to bye-laws, rules, and regulations are necessary. The circular is u/s 11(1) of the SEBI Act 1992 to protect investor interests and regulate the securities market.
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