Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
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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