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of <h1>BSE Limited, Mumbai Recognized for Commodity Derivatives Trading Under Income Tax Act with Conditions Effective October 2018.</h1> The Central Government has notified M/s BSE Limited, Mumbai, as a 'recognized association' under the Income Tax Act, effective from October 1, 2018, for trading in the commodity derivative segment. This recognition is subject to several conditions, including obtaining approval from the Forward Markets Commission, maintaining client records, keeping an audit trail of transactions for seven years, ensuring transactions are not erased, and only modifying transactions in cases of genuine error. The exchange must submit a monthly statement to the Director General of Income-tax. This notification remains valid until the approval by the Securities and Exchange Board of India is withdrawn or expires.
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