Draft Rules 178 and 179 mandate specific forms for TDS credit applications and notices of demand, ensuring standardized compliance and administrative clarity.
The survey highlights how RMCs under SEBI LODR are evolving from compliance bodies to strategic risk oversight tools amid financial, ESG, and cyber risks.
SEBI’s 26-02-2026 circular requires regulated entities and their agents to disclose registration details on social media. The move enhances transparency and investor protection from May 01, 2026.
Draft Rule 177 requires successor entities to file a digitally verified ITR-A and empowers the Assessing Officer to modify assessments to reflect business reorganisation orders.
Draft Rule 176 lays down a comprehensive, technology-driven framework for faceless assessment, reassessment, and recomputation to ensure transparency, automation, and reduced discretion in tax proceedings.
Draft Rules 174 and 175 specify inspection hours for Valuation Officers and designate the competent authority for issuing notices under section 270(8), ensuring procedural clarity and accountability.
Draft Rule 173 clarifies jurisdiction of Valuation Officers by prescribing value thresholds and supervisory powers to ensure structured and efficient asset valuation under the Income-tax Act.
Draft Rule 172 of the Income-tax Rules, 2026 prescribes hourly fee limits and oversight mechanisms for audit and inventory valuation to ensure transparency and prevent excessive billing.
The International Financial Services Centres Authority issued a circular on 2 March 2026 prescribing a comprehensive fee structure for entities undertaking or intending to undertake permissible activities in International Financial Services Centres (IFSCs) and for persons seeking guidance under the Informal Guidance Scheme, 2024. The circular applies to applicants seeking licence, registration, recognition, or authorisation […]
The ITAT held that the enhanced ₹25 lakh leave encashment exemption is a beneficial and curative amendment and can apply retrospectively to earlier retirees. The ruling enables eligible taxpayers to claim refunds despite earlier ₹3 lakh limits, though the issue awaits final judicial settlement.
