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SEBI Extends Timeline for Nomination Circular Phases

July 30, 2025 1257 Views 0 comment Print

SEBI defers Phase II and III of Nomination Circular to August 8 and December 15, 2025, citing system development delays requested by depositories and participants.

IFSCA Issues Framework for Transition Bonds

July 29, 2025 1008 Views 0 comment Print

IFSCA introduces rules for Transition Bonds in IFSCs to aid hard-to-abate sectors with ESG-aligned finance and detailed climate transition planning.

ICEGATE Enables Voluntary Customs Payment Online

July 29, 2025 3912 Views 0 comment Print

ICEGATE now supports self-initiated voluntary payments online, replacing manual TR-6 challans at Chennai Air Cargo with digital options from July 19, 2025.

CBDT Allows Processing of ITRs wrongly Invalidated by CPC

July 28, 2025 2847 Views 0 comment Print

CBDT permits processing of electronically filed ITRs wrongly invalidated by CPC, with intimation due by March 2026, subject to PAN-Aadhaar linkage.

CBDT Amends Income Tax Rule 21AK in Twentieth IT Rule Change

July 28, 2025 1401 Views 0 comment Print

CBDT modifies Rule 21AK under Income-tax Rules, 1962 to include over-the-counter derivatives and clarify the role of Foreign Portfolio Investors.

CBIC Introduces Bulk Finalization and Reports Seizures

July 28, 2025 1146 Views 0 comment Print

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 Proposes Change in Annual Report Dispatch Norms

July 25, 2025 2019 Views 0 comment Print

SEBI seeks public input on easing norms for non-convertible securities by revising annual report dispatch rules. Comments open till August 15, 2025.

CAAR Rejects Areca Nut Ruling Plea by Infinity Export

July 25, 2025 288 Views 0 comment Print

CAAR Delhi rejects Infinity Export’s advance ruling plea on roasted areca nut classification due to repeated non-appearance at scheduled hearings.

Corrigendum to DGFT Notification No. 40/2024-25 dated 26.11.2024

July 25, 2025 1242 Views 0 comment Print

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 Caps Tax Audit Limits at 60 per partner from 1st April 2026

July 25, 2025 15078 Views 0 comment Print

ICAI sets limit of 60 tax audit assignments per CA or partner annually, effective from 1 April 2026, replacing earlier 2008 guidelines.

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