https://www.taxtmi.com/forum/issue?id=108094 Proposed amendment exempts income of the Core Settlement Guarantee Fund from tax where such income arises from contributions, investments by the fund, and penalties, subject to conditions similar to those for Investor Protection Funds. If amounts not previously charged to tax are later shared with a specified person, the entire shared amount is deemed income of the year it is shared. "Specified person" covers the clearing corporation maintaining the Core SGF and its shareholder recognized stock exchange. The amendment applies prospectively to the relevant assessment year. en-us Sat, 28 Feb 2015 19:04:16 +0530 Thu, 23 Jan 2025 15:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108094 Proposed amendment exempts income of the Core Settlement Guarantee Fund from tax where such income arises from contributions, investments by the fund, and penalties, subject to conditions similar to those for Investor Protection Funds. If amounts not previously charged to tax are later shared with a specified person, the entire shared amount is deemed income of the year it is shared. "Specified person" covers the clearing corporation maintaining the Core SGF and its shareholder recognized stock exchange. The amendment applies prospectively to the relevant assessment year. Discussion-Forum Income Tax Sat, 28 Feb 2015 19:04:16 +0530 https://www.taxtmi.com/forum/issue?id=108094