Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
