Timing mismatch in income recognition requires verification whether receipts were already taxed in an earlier year; matter remitted for fresh examinat...
FOB transaction value and export incentives: customs valuation cannot override contractual export benefits or support confiscation without valid proof...
Reporting and tagging requirements for stock brokers are relaxed by exempting demat accounts used exclusively for non-broking activities where the broker is also a primary dealer, while brokers that are also banks or primary dealers need report only the bank accounts used for stock broking. The earlier requirement to report demat accounts is deleted, while all new bank and demat accounts must still follow the prescribed nomenclature. Stock exchanges and depositories must receive details of bank accounts within seven working days, and depositories must share details of demat accounts opened or closed by a broker with the concerned exchange. Non-compliance attracts penal action, and the revised provisions take effect from 17 April 2026.
Reporting and tagging requirements for stock brokers are relaxed by exempting demat accounts used exclusively for non-broking activities where the broker is also a primary dealer, while brokers that are also banks or primary dealers need report only the bank accounts used for stock broking. The earlier requirement to report demat accounts is deleted, while all new bank and demat accounts must still follow the prescribed nomenclature. Stock exchanges and depositories must receive details of bank accounts within seven working days, and depositories must share details of demat accounts opened or closed by a broker with the concerned exchange. Non-compliance attracts penal action, and the revised provisions take effect from 17 April 2026.
Note: It is a system-generated summary and is for quick reference only.
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