Shri GP Garg takes charge as Executive Director, SEBI
Shri G P Garg took charge as Executive Director in SEBI on August 13, 2020.
Prior to his promotion as Executive Director, Shri Garg was Chief General Manager in SEBI and has handled several important assignments in SEBI since joining in January 1994. He has been closely associated with SEBI’s initiatives on Financial Literacy and Investor Education in the country.
Shri Garg played a key role in establishment of National Institute of Securities Markets (NISM) including setting up of the new state of the art campus at Patalganga. NISM is one of the largest certification institutes in the country besides being an academic institution.
Shri Garg has headed departments like Treasury and Accounts, Facilities Management, Establishment, Office of Investor Assistance and Education and Central Public Information Office. Shri Garg holds degree in Engineering, Law and Management.
- Application of income u/s 11(1)(a) allowable on 15% of gross receipts not surplus remaining
- Payer claiming 100% expenses & payee declaring profit 44AE held legal tax planning
- Audit Objections can be basis for reopening but ignoring reply is non application of mind
- Look Out Notice/Circular by Income Tax Office against travelling abroad quashed
- ITAT gives relief to Aishwarya Rai Bachchan by accepting suo-moto disallowance u/s 14A
