ESOP expenditure allowed as FMV difference; long-term capital gain issue sent back for collector rate determination; deferred income additions disallo...
Appeal allowed; impugned order quashed as regulator failed to prove nexus or manipulative scheme; sale genuine - s.12A(a)-(c), Regs 3(a)-(d),4(1),4(2)...
Appellant's ring-back tone service held OIDAR, taxable domestically for 01.07.2012-31.07.2016; liability confirmed, penalties vacated, remanded for re...
A securities regulator deletes an earlier regulation on distributor incentives for inflows from beyond top 30 cities due to misuse concerns and introduces a revised incentive framework under a different regulation. Mutual fund distributors may now receive additional commission for onboarding new individual investors with new PANs from B-30 cities and new women investors from all cities. The commission is 1% of the first lump sum application (capped at Rs. 2,000, with a one-year holding requirement) or 1% of first-year SIP contributions (capped at Rs. 2,000). It is funded from the existing 2 bps investor education allocation, excludes specified schemes, and takes effect from February 1, 2026.
A securities regulator deletes an earlier regulation on distributor incentives for inflows from beyond top 30 cities due to misuse concerns and introduces a revised incentive framework under a different regulation. Mutual fund distributors may now receive additional commission for onboarding new individual investors with new PANs from B-30 cities and new women investors from all cities. The commission is 1% of the first lump sum application (capped at Rs. 2,000, with a one-year holding requirement) or 1% of first-year SIP contributions (capped at Rs. 2,000). It is funded from the existing 2 bps investor education allocation, excludes specified schemes, and takes effect from February 1, 2026.
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