Restriction of Input Tax Credit under Rule 86A applies only to fraudulently or ineligible availed credit; mere wrongful recipient availment is insuffi...
Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
SEBI has revised the Monthly Cumulative Report format for mutual funds from June 2026 onwards to align reporting with the newly introduced scheme categories consolidated under the Master Circular. The updated MCR and MCR-SIF templates now require reporting across expanded scheme classes, including open-ended, close-ended, interval and SIF investment strategy categories, with specified data fields for schemes, folios, mobilisations, redemptions, net inflows or outflows, AUM, segregated portfolios and SIP activity. All other conditions under the existing Master Circular remain unchanged.
SEBI has revised the Monthly Cumulative Report format for mutual funds from June 2026 onwards to align reporting with the newly introduced scheme categories consolidated under the Master Circular. The updated MCR and MCR-SIF templates now require reporting across expanded scheme classes, including open-ended, close-ended, interval and SIF investment strategy categories, with specified data fields for schemes, folios, mobilisations, redemptions, net inflows or outflows, AUM, segregated portfolios and SIP activity. All other conditions under the existing Master Circular remain unchanged.
Note: It is a system-generated summary and is for quick reference only.