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 mandates Investment Advisers (IAs) to incorporate standardized Most Important Terms and Conditions (MITC) into client agreements. IAs must accept only advisory fees, cannot guarantee returns, and are prohibited from offering assured return schemes. Fee caps apply: Rs 1,51,000 annually (fixed fee) or 2.5% of Assets under Advice for individual/HUF clients. Advance fees limited to two quarters with proportionate refund on early termination. IAs must conduct risk profiling, provide direct plans, and avoid conflicts of interest. Group entities cannot offer distribution services. Clients retain trading authority - IAs cannot execute trades without explicit consent. Implementation required by June 30, 2025 for existing clients, immediate for new agreements. Grievance resolution follows three-tier mechanism: IA, SEBI SCORES, and Smart ODR portal.
SEBI mandates Investment Advisers (IAs) to incorporate standardized Most Important Terms and Conditions (MITC) into client agreements. IAs must accept only advisory fees, cannot guarantee returns, and are prohibited from offering assured return schemes. Fee caps apply: Rs 1,51,000 annually (fixed fee) or 2.5% of Assets under Advice for individual/HUF clients. Advance fees limited to two quarters with proportionate refund on early termination. IAs must conduct risk profiling, provide direct plans, and avoid conflicts of interest. Group entities cannot offer distribution services. Clients retain trading authority - IAs cannot execute trades without explicit consent. Implementation required by June 30, 2025 for existing clients, immediate for new agreements. Grievance resolution follows three-tier mechanism: IA, SEBI SCORES, and Smart ODR portal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
