News Panama Papers Leak: I-T department approaches 12 nations
#News #NCLT #IncomeTax India The Income Tax department has made references to about a dozen countries in order to obtain actionable evidence against such Indian entities.
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#News #NCLT #SEBI Financial disclosures and valuation of InvITs
The Securities and Exchange Board of India (SEBI) has proposed mandatory disclosure in the valuation report including adequate information about the valuation and other aspects of the underlying assets of InvITs. Also, historical valuations of assets of the past three financial years should be disclosed. Information on the assumed factors while calculating the valuation such as discounting rate, tenure etc should also be given.
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