Recognition of association: NSE notified subject to derivatives trading approval and strict record keeping and reporting conditions. Designation notifies M/s National Stock Exchange of India Limited as a recognised association under the proviso to sub section (5) of Section 43 of the Income tax Act, subject to holding derivatives trading approval from the regulator; recording client particulars including unique client identity number and PAN; maintaining a complete seven year audit trail of derivative transactions without erasure; restricting modifications to genuine errors while retaining modification records; and monthly submission of Form No. 3BC to the Director General of Income tax (Intelligence and Criminal Investigation).
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Recognition of association: NSE notified subject to derivatives trading approval and strict record keeping and reporting conditions.
Designation notifies M/s National Stock Exchange of India Limited as a recognised association under the proviso to sub section (5) of Section 43 of the Income tax Act, subject to holding derivatives trading approval from the regulator; recording client particulars including unique client identity number and PAN; maintaining a complete seven year audit trail of derivative transactions without erasure; restricting modifications to genuine errors while retaining modification records; and monthly submission of Form No. 3BC to the Director General of Income tax (Intelligence and Criminal Investigation).
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