Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
A securities market regulator requires registrars, issuers, depositories and depository participants to use a standard reason code "TLH" when reporting nominee-to-legal-heir transmissions to the tax authority to prevent inappropriate capital gains tax assessment on nominees and avoid refund processes. Existing transmission procedures remain governed by applicable listing and registrar rules. Reporting entities must update systems and implement the change from January 1, 2026. The directive is issued under the regulator's statutory powers to protect investor interests and ensure orderly market functioning.
A securities market regulator requires registrars, issuers, depositories and depository participants to use a standard reason code "TLH" when reporting nominee-to-legal-heir transmissions to the tax authority to prevent inappropriate capital gains tax assessment on nominees and avoid refund processes. Existing transmission procedures remain governed by applicable listing and registrar rules. Reporting entities must update systems and implement the change from January 1, 2026. The directive is issued under the regulator's statutory powers to protect investor interests and ensure orderly market functioning.
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