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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Review of time limit for disclosure of NAV of Mutual fund schemes investing overseas

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....m, Sub: Review of time limit for disclosure of NAV of Mutual fund schemes investing overseas 1. Reference may be drawn to SEBI circulars MFD/Cir No.11/171/01 dated February 09, 2001, SEBI/Cir No.5/63714/06 dated March 29, 2006, SEBI Circular No. SEBI/IMD/CIR No.5/96576/2007 dated June 25, 2007, SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2019/65 dated May 21, 2019 and SEBI Circular No. SEBI/HO/IMD/D....

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....vesting atleast 80% of total assets in permissible overseas investments 11 PM on T day 10 AM on T+1 day 5 Index funds and ETFs investing atleast 80% of total assets in permissible overseas investments 6 Schemes unable to disclose NAV as per timeline mentioned above due to inability in capturing same day valuation of underlying investments 11 PM on T day Or 10 AM on T+1 day Such time as per....

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