Friday, October 12, 2018

Now, maintenance of Security Deposit by issuer with stock exchanges is not required: SEBI

The market regulator, SEBI has amended various regulations wherein it has been decided to done away with mandatory requirement of Maintenance of Security Deposit of 1% of the amount of securities offered to public/shareholders by issuer companies with the designated stock exchanges

from taxmann.com News https://ift.tt/2Eiv7Ey

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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