CBDT circular on C&AG report findings. Directs AOs to verify land records, sales, and expenses to ensure correct exemption of agricultural income.
RBI’s 2025 Directions mandate banks to offer nomination for deposits/lockers, aligning with new laws. Customers must be informed; non-nomination requires a declaration.
Exchange rates constantly determine the actual cost of international travel and online purchases. Learn how currency fluctuations, bank fees, and payment methods impact your final spending.
The CBDT’s Income Tax Informants Reward Scheme 2018 offers rewards up to ₹5 crore for specific, written information leading to the detection of substantial tax evasion, including undisclosed foreign assets. It specifies eligibility, confidential procedures, and tiered rewards based on the realized tax amount.
Section 143(1) intimation is the automated processing of Income Tax Returns (ITR) by the CPC to correct arithmetical errors and apparent inconsistencies. Learn the types of mandatory adjustments, the 9-month time limit for issuance, and the 30-day window for electronic response.
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.
DoPPW clarifies that gratuity under CCS (Payment of Gratuity under NPS) Rules, 2021 is payable only upon retirement/absorption, not standard resignation, which forfeits past service.
The Ministry of Corporate Affairs (MCA) establishes ten new Regional Directorates with defined jurisdictions across India under the Companies Act, 2013, effective Jan 1, 2026.
Institute of Cost Accountants of India has revised UDIN generation time limit from 30 to 60 days, effective October 18, 2025, to improve business processes.
