Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
SEBI introduces a fast-track mechanism for processing placement memoranda of non-LVF AIF schemes, allowing launch and circulation of the PPM after 30 days of filing, or after grant of registration in the case of a first scheme, subject to compliance with any SEBI comments before launch. The first close must be declared within 12 months from the date the AIF becomes eligible to launch the scheme. The Merchant Banker and AIF Manager are made responsible for the accuracy and completeness of disclosures, and non-LVF PPMs must include prescribed disclaimers and supporting filings on the intermediary portal. The circular applies immediately, including to pending non-LVF PPMs.
SEBI introduces a fast-track mechanism for processing placement memoranda of non-LVF AIF schemes, allowing launch and circulation of the PPM after 30 days of filing, or after grant of registration in the case of a first scheme, subject to compliance with any SEBI comments before launch. The first close must be declared within 12 months from the date the AIF becomes eligible to launch the scheme. The Merchant Banker and AIF Manager are made responsible for the accuracy and completeness of disclosures, and non-LVF PPMs must include prescribed disclaimers and supporting filings on the intermediary portal. The circular applies immediately, including to pending non-LVF PPMs.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
