Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Individual investors applying through intermediaries for public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities, and securitized debt instruments up to Rs. 5 lakh must use UPI for fund blocking and provide UPI ID in the application form. Other application modes like SCSBs and stock exchange platforms remain available. The circular is applicable to public issues opening on or after November 1, 2024, issued under relevant regulations to protect investors and regulate securities market.
Individual investors applying through intermediaries for public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities, and securitized debt instruments up to Rs. 5 lakh must use UPI for fund blocking and provide UPI ID in the application form. Other application modes like SCSBs and stock exchange platforms remain available. The circular is applicable to public issues opening on or after November 1, 2024, issued under relevant regulations to protect investors and regulate securities market.
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