Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
SEBI has revised the Social Stock Exchange framework to ease fundraising by not for profit organizations. A not for profit organization may now remain registered on the SSE without raising funds for an extended period, subject to Social Stock Exchange approval. The minimum subscription threshold for issuance of Zero Coupon Zero Principal Instruments has also been relaxed where the funds can still be deployed in a viable and meaningful manner aligned with the disclosed object of the issue, and the Social Stock Exchange must conduct due diligence before in-principle approval. The circular also requires disclosure of how balance capital will be raised and the impact of under-subscription, with refund mandatory if the minimum subscription is not achieved.
SEBI has revised the Social Stock Exchange framework to ease fundraising by not for profit organizations. A not for profit organization may now remain registered on the SSE without raising funds for an extended period, subject to Social Stock Exchange approval. The minimum subscription threshold for issuance of Zero Coupon Zero Principal Instruments has also been relaxed where the funds can still be deployed in a viable and meaningful manner aligned with the disclosed object of the issue, and the Social Stock Exchange must conduct due diligence before in-principle approval. The circular also requires disclosure of how balance capital will be raised and the impact of under-subscription, with refund mandatory if the minimum subscription is not achieved.
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