NFRA’s 2023 inspection of SRBC & Co. LLP highlights audit quality issues, independence concerns, and compliance with auditing standards and ethical requirements.
RBI updates norms for government-guaranteed Security Receipts, affecting valuation, capital deductions, and dividend payments. Effective immediately.
SEBI invites public comments on a draft circular for Expected Loss (EL)-based municipal bond ratings. Submit feedback by April 18, 2025. Read more details.
Kerala SGST clarifies interest waiver scheme under Section 128A, detailing rules for handling tax demands and self-assessed tax recovery.
SEBI proposes uniform expiry days for equity derivatives to reduce risk and ensure market stability. Public comments invited until April 17, 2025.
CBIC outlines procedures for importing/exporting gems, jewellery, and samples via personal carriage, ensuring streamlined electronic processing and compliance.
CBIC appoints adjudicating authorities for customs cases involving multiple noticees. The notification takes effect upon its publication in the Official Gazette.
CBIC issues Postal Imports Regulations, 2025, outlining rules for customs clearance, restricted items, and assessment of imported goods via Foreign Post Offices.
The Mahila Samman Savings Certificate Scheme (MSSC) will end on March 31, 2025. No new deposits will be accepted after this date, per government notification.
The Karnataka Urban Water Supply & Drainage Board receives tax exemption for specified income from FY 2023-24 to 2027-28 under Section 10(46) of the IT Act.
