Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
SEBI has mandated the implementation of MITRA (Mutual Fund Investment Tracing and Retrieval Assistant), a service platform jointly hosted by QRTAs CAMS and KFIN Technologies to help investors trace inactive and unclaimed mutual fund folios. An inactive folio is defined as one without investor-initiated transactions for 10 years but with existing unit balance. The platform aims to identify overlooked investments, encourage KYC compliance, reduce unclaimed folios, and prevent fraudulent redemptions. QRTAs must operationalize MITRA within 15 working days, with a 2-month beta launch period. The Unit Holder Protection Committee's responsibilities have been expanded to include reviewing inactive folios alongside unclaimed dividends and redemptions. The platform will be accessible through MF Central, AMCs, AMFI, QRTAs, and SEBI websites.
SEBI has mandated the implementation of MITRA (Mutual Fund Investment Tracing and Retrieval Assistant), a service platform jointly hosted by QRTAs CAMS and KFIN Technologies to help investors trace inactive and unclaimed mutual fund folios. An inactive folio is defined as one without investor-initiated transactions for 10 years but with existing unit balance. The platform aims to identify overlooked investments, encourage KYC compliance, reduce unclaimed folios, and prevent fraudulent redemptions. QRTAs must operationalize MITRA within 15 working days, with a 2-month beta launch period. The Unit Holder Protection Committee's responsibilities have been expanded to include reviewing inactive folios alongside unclaimed dividends and redemptions. The platform will be accessible through MF Central, AMCs, AMFI, QRTAs, and SEBI websites.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
