Conditions that a recognised association is required to fulfil to be notified as a recognised association for the purposes of clause (e) of the proviso to clause (5) of section 43.

Conditions that a recognised association is required to fulfil to be notified as a recognised association for the purposes of clause (e) of the proviso to clause (5) of section 43. https://www.taxtmi.com/acts?id=18089 A recognised association seeking notification for the purposes of the proviso to clause (5)(e) of section 43 must satisfy specified conditions in relation to trading in derivatives. The association must obtain approval from the Forward Markets Commission, record and store client particulars, maintain a complete audit trail for seven years, ensure transactions once registered are not erased, and permit modifications only for genuine error. It must also submit a monthly statement in Form No. 3BC within fifteen days from month-end. en-us Fri, 26 Jul 2013 12:56:02 +0530 Mon, 18 May 2026 15:17:40 +0530 TaxTMI RSS Generator Conditions that a recognised association is required to fulfil to be notified as a recognised association for the purposes of clause (e) of the proviso to clause (5) of section 43. https://www.taxtmi.com/acts?id=18089 A recognised association seeking notification for the purposes of the proviso to clause (5)(e) of section 43 must satisfy specified conditions in relation to trading in derivatives. The association must obtain approval from the Forward Markets Commission, record and store client particulars, maintain a complete audit trail for seven years, ensure transactions once registered are not erased, and permit modifications only for genuine error. It must also submit a monthly statement in Form No. 3BC within fifteen days from month-end. Act-Rules Income Tax Fri, 26 Jul 2013 12:56:02 +0530 https://www.taxtmi.com/acts?id=18089