Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
The regulator amends the Portfolio Managers Regulations to replace regulation 20(xi) with a reference to Schedule IV, revise regulation 22(3) to require portfolio managers to provide a Board-specified Disclosure Document and a Form C certificate per Schedule I to clients before entering agreements, and to delete Schedule V; the amendments take effect on publication in the Official Gazette.
The regulator amends the Portfolio Managers Regulations to replace regulation 20(xi) with a reference to Schedule IV, revise regulation 22(3) to require portfolio managers to provide a Board-specified Disclosure Document and a Form C certificate per Schedule I to clients before entering agreements, and to delete Schedule V; the amendments take effect on publication in the Official Gazette.
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