Sebi prohibits FPIs from issuing OFIs with derivatives as underlying, ET LegalWorld
Markets watchdog Sebi on Tuesday prohibited Foreign Portfolio Investors (FPIs) from issuing Offshore Derivative Instruments (ODIs) with derivatives as the underlying or using derivatives to hedge their ODIs in India. The measure is aimed at addressing regulatory arbitrage for ODIs and FPIs with segregated portfolios. In its circular, the Securities and Exchange Board of India […]
Income Tax Department regrets issuing erroneous notices to taxpayers: Know the details
Income tax dept sent wrong tax notice to many: The tax department has erred in sending notices to many taxpayers for defective income tax return (ITR). A defective return notice was wrongly issued on 29th Nov 2024 stating that income is offered u/s 44AD…. We regret the above erroneous communication, which was issued, for the […]