Net direct tax collections grew 9.40% as of 10 February 2026 compared to last year. Lower refunds and steady corporate and non-corporate tax inflows supported the rise.
RBI has issued draft amendment directions covering advertising, marketing, DSAs, mis-selling, and dark patterns. The proposals apply to all banks, NBFCs, and financial institutions.
The Finance Ministry highlighted regulatory and enforcement challenges posed by VDAs, including crypto assets. Measures such as 30% taxation and mandatory reporting aim to curb tax evasion and enhance transparency.
The Finance Ministry clarified that December 2025 messages were part of a data-driven NUDGE compliance campaign. Over 1.11 crore revised returns generated significant additional tax revenue.
The government clarified that there is no pending proposal to exclude State-run lotteries from the 40% GST rate. The hike was recommended by the GST Council as part of rate rationalisation.
The upgraded MCA21 V3 portal processed over 3.84 crore filings in five years and resolved 98% of helpdesk grievances in FY 2025-26. The initiative strengthens compliance, transparency, and digital governance.
Failure to properly maintain Minutes Books under Section 118 led to adjudication by ROC. The company and its directors were fined for breaching Secretarial Standard-1.
The company failed to meet the statutory quorum of 30 members at AGMs, attracting penalty under Section 450. Directors were also fined ₹50,000 each for non-compliance.
The Registrar of Companies levied maximum penalties under Section 12(8) after official letters were returned undelivered. Non-response to the show cause notice led to adjudication under Section 454.
The Government clarified that decade-long data does not show a consistent upward trend in non-compliance. While penalties have increased in recent years, this reflects stronger enforcement rather than growing defaults.
