Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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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.
Note: It is a system-generated summary and is for quick reference only.