Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
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Securities Transaction Tax (STT) rates revised - on sale of options in securities increased from 0.0625% to 0.1% of option premium, on sale of futures in securities increased from 0.0125% to 0.02% of traded price. Rates for delivery trades in equity shares unchanged at 0.1% on purchase and sale. For exercised options, purchaser pays 0.125% of intrinsic price. Amendments effective 1st October 2024 due to exponential growth of derivative markets.
Securities Transaction Tax (STT) rates revised - on sale of options in securities increased from 0.0625% to 0.1% of option premium, on sale of futures in securities increased from 0.0125% to 0.02% of traded price. Rates for delivery trades in equity shares unchanged at 0.1% on purchase and sale. For exercised options, purchaser pays 0.125% of intrinsic price. Amendments effective 1st October 2024 due to exponential growth of derivative markets.
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