Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
SEBI has modified the implementation of intraday position limit monitoring for index derivatives effective April 1, 2025. While stock exchanges will monitor position limits with minimum 4 random snapshots daily as mandated in the December 30, 2024 Master Circular, no penalties will be imposed for intraday breaches until further notice. This temporary relief addresses industry concerns regarding system readiness and potential redundancy of implementing current notional-based monitoring systems when proposed delta-based or futures equivalent limits are pending finalization. Exchanges must prepare a joint SOP to inform market participants about monitoring procedures and communicate breaches to clients and trading members for risk management purposes. End-of-day position limit monitoring and penalties remain unchanged.
SEBI has modified the implementation of intraday position limit monitoring for index derivatives effective April 1, 2025. While stock exchanges will monitor position limits with minimum 4 random snapshots daily as mandated in the December 30, 2024 Master Circular, no penalties will be imposed for intraday breaches until further notice. This temporary relief addresses industry concerns regarding system readiness and potential redundancy of implementing current notional-based monitoring systems when proposed delta-based or futures equivalent limits are pending finalization. Exchanges must prepare a joint SOP to inform market participants about monitoring procedures and communicate breaches to clients and trading members for risk management purposes. End-of-day position limit monitoring and penalties remain unchanged.
Note: It is a system-generated summary and is for quick reference only.
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