Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
This circular modifies the valuation methodology for repurchase (repo) transactions, including tri-party repo (TREPS), by mutual funds. Previously, repo transactions up to 30 days tenor were valued on cost plus accrual basis. The circular mandates valuing all repo transactions, except overnight repos, on a mark-to-market basis using prices from AMFI-empaneled valuation agencies, aligning with the valuation methodology for other money market and debt securities. Short-term bank deposits will continue to be valued on cost plus accrual basis. The changes aim to ensure uniformity in valuation methodology and address potential regulatory arbitrage concerns. The provisions are effective from January 1, 2025, under SEBI's powers to regulate securities markets and protect investor interests.
This circular modifies the valuation methodology for repurchase (repo) transactions, including tri-party repo (TREPS), by mutual funds. Previously, repo transactions up to 30 days tenor were valued on cost plus accrual basis. The circular mandates valuing all repo transactions, except overnight repos, on a mark-to-market basis using prices from AMFI-empaneled valuation agencies, aligning with the valuation methodology for other money market and debt securities. Short-term bank deposits will continue to be valued on cost plus accrual basis. The changes aim to ensure uniformity in valuation methodology and address potential regulatory arbitrage concerns. The provisions are effective from January 1, 2025, under SEBI's powers to regulate securities markets and protect investor interests.
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