Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
This circular provides relaxations and clarifications related to Real Estate Investment Trusts (REITs). It exempts units allotted to an employee benefit trust from lock-in and allotment restrictions for preferential issue, facilitating employee benefit schemes. The Indian REITs Association will specify formats for quarterly reports and compliance certificates managers must submit to trustees. Timelines for distribution by REITs are aligned with recent regulatory amendments. The circular invokes SEBI's powers under relevant REIT regulations and is applicable immediately.
This circular provides relaxations and clarifications related to Real Estate Investment Trusts (REITs). It exempts units allotted to an employee benefit trust from lock-in and allotment restrictions for preferential issue, facilitating employee benefit schemes. The Indian REITs Association will specify formats for quarterly reports and compliance certificates managers must submit to trustees. Timelines for distribution by REITs are aligned with recent regulatory amendments. The circular invokes SEBI's powers under relevant REIT regulations and is applicable immediately.
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