CBDT permits processing of electronically filed ITRs wrongly invalidated by CPC, with intimation due by March 2026, subject to PAN-Aadhaar linkage.
CBDT modifies Rule 21AK under Income-tax Rules, 1962 to include over-the-counter derivatives and clarify the role of Foreign Portfolio Investors.
CBIC launches ICES module for bulk finalization of Bills of Entry and reports major seizures of areca nut and gold, highlighting duty evasion and smuggling.
SEBI seeks public input on easing norms for non-convertible securities by revising annual report dispatch rules. Comments open till August 15, 2025.
CAAR Delhi rejects Infinity Export’s advance ruling plea on roasted areca nut classification due to repeated non-appearance at scheduled hearings.
DGFT issues corrigendum to Notification No. 40/2024-25, correcting export order reference from S.O. 7624(E) to S.O. 5068(E) under FTP 2023.
ICAI sets limit of 60 tax audit assignments per CA or partner annually, effective from 1 April 2026, replacing earlier 2008 guidelines.
CBDT approves Gitarthganga, Ahmedabad for tax deduction under Section 35 for Social Science research, applicable from AY 2026–27 to AY 2030–31.
DGFT allows import clearance without warehousing if authorisation is issued after shipment but before customs clearance, except for restricted or STE items.
CBIC notifies acceptance of e-Certificate of Origin (e-CoO) from Mauritius under CECPA from 1 June 2025 for preferential tariff benefits via e-Sanchit.
