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...
The regulatory authority issued an updated master circular consolidating all prior circulars and guidelines applicable to stock brokers, superseding the previous master circular dated August 9, 2024. Certain earlier circulars listed in the appendix are rescinded, but actions taken, applications made, rights, obligations, penalties, and proceedings under those rescinded circulars remain valid and unaffected. The circular is issued under statutory powers to protect investors and regulate securities markets, ensuring clarity and accessibility of applicable regulations for stock brokers.
The regulatory authority issued an updated master circular consolidating all prior circulars and guidelines applicable to stock brokers, superseding the previous master circular dated August 9, 2024. Certain earlier circulars listed in the appendix are rescinded, but actions taken, applications made, rights, obligations, penalties, and proceedings under those rescinded circulars remain valid and unaffected. The circular is issued under statutory powers to protect investors and regulate securities markets, ensuring clarity and accessibility of applicable regulations for stock brokers.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
