Daily Archives: August 26, 2015

SEBI Guidance note on Insider Trading

By | August 26, 2015

Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015 [August 24th, 2015] SEBI (Prohibition of Insider Trading) Regulations, 2015 (“the Regulations”) were notified vide notification dated 15th January, 2015. The regulations came into effect from May 15th, 2015. Subsequently SEBI received certain queries from the market participants seeking guidance on the interpretation of some… Read More »

section 40(a)(ia) No disallowance of expense if Income is Exempt

By | August 26, 2015

Section 40(a)(ia) No disallowance of expense if Income is Exempt Q When the income of the Assessee is exempt, Whether any disallowance of expenses under section 40(a)(ia) can be made for non deduction of TDS ? Assessee’s total income is exempt under section 10(26), for assessee’s lapse of not complying with his tax withholding obligations,… Read More »