Summary of key tax, GST, customs, RBI, and legal updates issued by Indian authorities for the week ending April 6, 2025, including notifications and circulars.
CBDT sets 30 April 2025 as the last date to file declarations under the Direct Tax Vivad se Vishwas Scheme, 2024.
Key differences between the 2024 and 2002 Foreign Exchange Compounding Rules under FEMA, including revised limits, fees, and digital processes.
SEBI’s silence on manipulation in NSE-BSE option trading raises concerns over investor protection, highlighting systemic issues and the need for regulatory reform.
Calcutta High Court sets aside GST registration cancellation in Deepen Sharma case, citing Subhankar Golder precedent for providing opportunity to remedy non-filing of returns.
IFSCA proposes a framework for transition bonds to support decarbonization in high-emission industries. Public feedback open until April 29, 2025.
SEBI mandates ‘1600’ phone series for regulated entities’ service calls, aiding investors in identifying legitimate communications and avoiding fraud.
ICSI updates ODOP policy: Students who missed deadline must complete TDOP online via LMS. No extra fee. Details to be shared soon.
Madras High Court sets aside order denying GST exemption on lorry hire income to GTA, citing Notification 12/2017 and lack of reasoned response.
Karnataka HC rules single tax ‘satisfaction note’ invalid for multiple years. Separate notes required under Section 153C, impacting tax assessments.
