CBDT issues corrigendum adding Sikkim to Schedule 80-IE for income tax deductions under Section 80-IE for North-Eastern undertakings.
A study by IIM Bangalore highlights how IBC has improved credit discipline, reduced borrowing costs, and strengthened governance in Indian firms.
Government sets wheat stock limits till March 2026 for traders, retailers, and processors; stock reporting mandatory via official portal.
Cabinet hinges with CIF value below ₹280/kg under Chapter 83 are now restricted for import, as per DGFT Notification dated May 26, 2025.
Kerala GST shifts SCN adjudication to Taxpayer Services under Sec 74A from Nov 1, 2024; standard process applies for fraud and non-fraud tax issues.
SEBI issues guidelines on appointments, cooling-off period, and re-appointment rules for MIIs’ key personnel, effective 90 days from May 26, 2025.
The IBBI has consolidated nine Corporate Insolvency Resolution Process (CIRP) forms into five, introducing a monthly reporting cycle to reduce compliance burden for Insolvency Professionals.
Jalna in Maharashtra added as a customs station for loading/export and unloading/import of goods under Customs Act via Notification No. 37/2025.
RoDTEP schedule updated from May 1, 2025, to align with Customs Tariff Act changes under Finance Act 2025. Updated rates available on DGFT website.
IBBI amends CIRP regulations to include provisions on interim finance observers, staged payments, and expressions of interest for asset or full entity sales.
