Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
SEBI has amended the "skin in the game" requirements for mutual fund Designated Employees, effective April 1, 2025. The modifications relax investment obligations based on revised CTC slabs and employee categories. Key changes include: reduced mandatory investment percentages, options to include or exclude ESOPs in calculations, reduced lock-in periods for employees who resign or retire early, exemption from certain insider trading restrictions for mandatory investments, and modified disclosure requirements. For liquid fund managers, up to 75% of required investments may be placed in higher-risk schemes. The amendments aim to facilitate ease of doing business while maintaining alignment between AMC employees' interests and unitholders' interests.
SEBI has amended the "skin in the game" requirements for mutual fund Designated Employees, effective April 1, 2025. The modifications relax investment obligations based on revised CTC slabs and employee categories. Key changes include: reduced mandatory investment percentages, options to include or exclude ESOPs in calculations, reduced lock-in periods for employees who resign or retire early, exemption from certain insider trading restrictions for mandatory investments, and modified disclosure requirements. For liquid fund managers, up to 75% of required investments may be placed in higher-risk schemes. The amendments aim to facilitate ease of doing business while maintaining alignment between AMC employees' interests and unitholders' interests.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
