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Archive: 26 August 2022

Posts in 26 August 2022

No TDS on discount on Sale of Prepaid SIM Card to Distributors

August 26, 2022 741 Views 0 comment Print

Dickson Electronics Vs ITO (ITAT Amritsar) It is seen, that the judicial view of the various High Courts is divergent regarding the deductibility or otherwise of tax on discount allowed to distributor on sale of prepaid Sim Card. However, there is no decision by the Hon’ble Jurisdictional High Court, either way. That being so, all […]

Beneficial owner of Demat Account in case of death of Karta of HUF

August 26, 2022 1608 Views 0 comment Print

In the event of death of Karta of HUF, the name of the deceased Karta in the Beneficial Owner (BO) account shall be replaced by the new Karta of the HUF who in such a case shall be eldest coparcener in the HUF or a coparcener who is appointed as Karta by an agreement reached amongst all the coparceners of the HUF

Cabinet approves amendment to export policy for Wheat or Meslin Flour

August 26, 2022 684 Views 0 comment Print

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, Shri Narendra Modi has approved the the proposal for amendment of policy of exemption for Wheat or Meslin Flour (HS Code 1101) from export restrictions/ ban. Impact: The approval will now allow to put a restriction on the export of Wheat Flour which will ensure […]

SEBI notifies compliance to be ensured by Portfolio Managers

August 26, 2022 5199 Views 0 comment Print

PMS Regulations 24 (3A) provide that Portfolio Manager shall ensure compliance with prudential limits on investment as specified by SEBI

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