ITATs confirm CSR donations to 80G-approved bodies are deductible, asserting that the bar under Section 37(1) doesn’t override Section 80G or Section 35. PCIT revisions quashed.
ICMAI has established a new Examination Centre at Haldwani, Uttarakhand, starting from the December 2025 term. This decision enhances accessibility for thousands of CMA students who previously had to travel far for their professional examinations.
Ministry of Labour and Employment introduced a temporary amendment allowing employers to regularize past defaults between July 2017 and October 2025 with a nominal ₹100 lump-sum penalty under the Employees’ Enrolment Campaign 2025.
The EDLI Scheme, 1976 is amended with a special provision for the Enrolment Campaign, setting a lump-sum damage of 100 for defaults from 2017–2025 for new members.
Summary of notifications & circulars from Income Tax, GST, Customs, DGFT, SEBI, RBI, IBBI, MCA, and SC judgments issued during 20–26 Oct 2025 for compliance reference.
RBI drafts amendments to NBFC Scale Based Regulation, introducing ‘High-quality infrastructure projects’ and tiered risk weights of 50% or 75% based on repayment history.
RBI releases draft rules for Small Finance Banks’ Capital Market Exposure, capping aggregate CME at 40% of Tier 1 Capital and setting new LTV limits for various securities.
RBI proposes draft directions consolidating rules on commercial banks capital market exposures CME, setting prudential ceilings (e.g., 40/% of Tier 1 Capital) and specific lending restrictions.
GST Rule 86B mandates taxpayers with over Rs.50 lakh monthly taxable turnover to pay a minimum of 1% of their liability in cash, limiting ITC usage to 99%. Non-compliance risks registration cancellation. The rule faces legal challenge.
Bombay HC held that clubbing several financial years in a single show cause notice is not permissible under CGST Act, 2017. Each tax period must be assessed separately, making consolidated notices without jurisdiction.
