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...
Regulator issued technical clarifications to the Cybersecurity and Cyber Resilience Framework for regulated entities, introducing Principles of Exclusivity and Equivalence for entities under multiple regulators, detailed technical amendments (definitions of critical systems, zero-trust guidance, recommendatory mobile app security, VAPT/audit submission formats, Market-SOC onboarding, RTO/RPO expectations, ISO 27001 encouragement), revised categorisation thresholds for portfolio managers and merchant bankers, and adoption of CERT-In audit guidelines. Stock exchanges and depositories must amend bylaws and notify members; certain provisions take immediate effect. The circular is issued under statutory powers to protect investors and regulate the securities market.
Regulator issued technical clarifications to the Cybersecurity and Cyber Resilience Framework for regulated entities, introducing Principles of Exclusivity and Equivalence for entities under multiple regulators, detailed technical amendments (definitions of critical systems, zero-trust guidance, recommendatory mobile app security, VAPT/audit submission formats, Market-SOC onboarding, RTO/RPO expectations, ISO 27001 encouragement), revised categorisation thresholds for portfolio managers and merchant bankers, and adoption of CERT-In audit guidelines. Stock exchanges and depositories must amend bylaws and notify members; certain provisions take immediate effect. The circular is issued under statutory powers to protect investors and regulate the securities market.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
