IFSCA’s 2025 amendment alters the Performance Review Committee: mandates minimum independent experts, sets age/disqualification limits, introduces a member code of conduct, and changes quorum.
The Income Tax Appellate Tribunal (ITAT), Ranchi, partly allowed Pato Builders’ appeal for AY 2012-13. The tribunal confirmed the addition of share application money for nine investors for whom no details were provided, but reduced the estimated disallowance on other expenses.
GST on budget hotels (5%) and buses (18%) cut to increase affordability and promote public transport. Tax on cultural goods also drops to 5% to aid artisans.
SEBI provided informal guidance to Equitymaster, confirming the ₹1,51,000 per annum fee cap for Research Analysts applies to all individual/HUF clients from January 8, 2025. RAs had until June 30, 2025, to comply and must refund any advance fee collected for periods exceeding one year.
The DGFT amended the import policy for specific silver jewellery (ITC HS codes 71131141 & 71131149) from Free to Restricted, effective Sept 24, 2025, until Mar 31, 2026.
DGFT allows the export of 2G ethanol produced from non-food cellulosic materials like agricultural residue and wood biomass, subject to valid export authorization and feedstock certification. This ensures low CO2 emissions and prevents competition with food crops.
CBIC Circular 252/09/2025 clarifies that the eOffice Issue number is now considered the Document Identification Number (DIN) for verifiable communications.
The RBI permits Standalone Primary Dealers (AD Cat-III) to transact in Non-deliverable Rupee Derivative Contracts (NDDCs) immediately, amending the Master Direction on Risk Management.
IRDAI has issued a warning to Shriram Life Insurance for violations related to policyholder protection, free-look cancellations, and corporate governance norms.
The Ministry of Finance grants income tax exemption to the High Court Legal Services Committee in Chandigarh on specific income, including grants and interest.
