RBI has issued comprehensive Kisan Credit Card Directions for Rural Co-operative Banks effective from 1 January 2027. The framework broadens credit coverage, simplifies lending, and strengthens digital access for agricultural borrowers.
The amendment temporarily withdraws the interest rate ceiling on fresh FCNR(B) deposits of three to five years, including renewed deposits. The relaxation remains in force from June 17, 2026, to September 30, 2026.
The provisions detail deductions for investments, insurance, pension contributions, home loans, medical expenses, charitable donations, and business expenditures. The key takeaway is that proper tax planning and compliance can significantly enhance available tax benefits.
A GST Bar Association has sought a three-month extension for filing GSTAT appeals, citing procedural complexities and evolving filing requirements. The representation emphasizes that access to justice should not be hindered by unsettled compliance processes.
GSTAT instructed scrutiny officers not to raise defects where appellants have uploaded the required documents in prescribed form. The move aims to simplify the appeal filing process on the GSTAT Portal.
ICAI has opened nominations for Season 5 of the 40 Under 40 CA Business Leader Awards to honour Chartered Accountants under 40 demonstrating leadership, innovation, and professional excellence across industries.
CBIC directed field officers to implement MeitY’s revised registration requirements for standalone hard disk drives. The new framework becomes applicable to specified HDDs from 05 November 2026.
The IBBI held that while information available with a public authority can be accessed under the RTI Act, the CPIO is not required to collate or present it in a format preferred by the applicant. Publicly available information need not be recompiled for RTI purposes.
IRDAI has cautioned that the entity’s Certificate of Registration as an Insurance Marketing Firm has expired and remains unrenewed. The public has been advised not to engage with the company or its representatives for insurance-related services.
GSTAT Mumbai Bench has officially commenced functioning, making it mandatory for taxpayers within its jurisdiction to file appeals before the Tribunal. The notice outlines filing procedures, scrutiny requirements, and applicable procedural rules.
