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DGFT Clarifies Organic Textile Export Requirements

July 15, 2025 615 Views 0 comment Print

DGFT clarifies that NPOP certification is not required for organic textile exports. Exporters need Transaction Certificates from Textile Exchange, GOTS, or buyer-mandated bodies.

CBDT notifies Tax Exemption for District Legal Service Authority in Haryana

July 14, 2025 729 Views 0 comment Print

Ministry of Finance exempts Haryana’s District Legal Service Authorities from income tax on specific income sources, effective from AY 2024-25.

Update on Interim Order Compliance by Jane Street

July 14, 2025 822 Views 0 comment Print

Jane Street deposits INR 4,843.57 crore into an escrow account, complying with SEBI’s interim order; SEBI reviews request to lift restrictions.

Direct Tax Collections Dip 1.34% Amid Rising Refunds

July 12, 2025 654 Views 0 comment Print

India’s net direct tax collections fell by 1.34% to ₹562,827 crore by July 10, 2025, despite a 3.17% rise in gross collections, primarily due to a 38.01% increase in refunds.

IFSCA to Allow V-CIP for NRI Customer Onboarding

July 11, 2025 975 Views 0 comment Print

IFSCA seeks public comments on proposed changes to allow Video-based Customer Identification Process (V-CIP) for Non-Resident Indians in select jurisdictions.

RBI Drafts Rules for EDPMS Shipping Bill Closure

July 11, 2025 4107 Views 0 comment Print

RBI proposes draft directions to simplify EDPMS shipping bill closure for small-value exports, allowing reconciliation based on exporter declarations for bills up to INR 10,00,000.

SEBI Issues Master Circular for Non-Convertible Securities

July 11, 2025 1977 Views 0 comment Print

SEBI issues a Master Circular on July 11, 2025, centralizing listing obligations and disclosure requirements for non-convertible securities, securitized debt, and commercial paper.

SEBI Issues Master Circular for Infrastructure Investment Trusts

July 11, 2025 1197 Views 0 comment Print

SEBI releases a Master Circular on July 11, 2025, integrating all prior regulations for Infrastructure Investment Trusts (InvITs) into a single document for clarity and compliance.

Notification No. 113/2025 – Income Tax, Dated: 11th July, 2025

July 11, 2025 7632 Views 0 comment Print

The Ministry of Finance extends the income tax exemption under Section 10(23FE) from March 31, 2025, to March 31, 2030, through a recent notification.

Notification No. 112/2025 – Income Tax, Dated: 11th July, 2025

July 11, 2025 1137 Views 0 comment Print

The Ministry of Finance extends the income tax exemption under Section 10(23FE) from March 31, 2025, to March 31, 2030, through a recent notification.

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