SEBI held that invocation of pledged shares may be treated similarly to sale transactions since beneficial ownership changes upon invocation. The guidance explains that contra trade restrictions may apply depending on transactions undertaken within the six-month period.
SEBI clarified that pledging/revoking a pledge is a ‘trade’ under PIT Regulations. Revocation and subsequent sale of ESOS shares to repay a loan are not contra trades if bonafide.
CBDT circular on C&AG report findings. Directs AOs to verify land records, sales, and expenses to ensure correct exemption of agricultural income.
DoPPW clarifies that Enhanced Family Pension is payable for 7 years or until the deceased would have reached 67 years, whichever is less, applicable to all cases.
The DoPPW clarified rules for family pension in cases involving two wives under CCS (Pension) Rules, 2021, directing departments to follow legal consultation before settling such claims.
DoPPW clarifies that gratuity under CCS (Payment of Gratuity under NPS) Rules, 2021 is payable only upon retirement/absorption, not standard resignation, which forfeits past service.
DoPPW clarified that enhanced gratuity ceiling of ₹25 lakh under CCS (Pension) Rules, 2021 applies solely to Central Government civil servants, not to PSUs, Banks, or Autonomous Bodies.
New guidelines from DoPPW mandate thorough internal examination of pension cases before referral. Submissions must be comprehensive, cite specific rules, and include Administrative Secretary approval.
CBIC issued Notification 45/2025-Customs, consolidating 30 standalone duty exemption notifications with the primary 50/2017-Customs for trade facilitation, effective November 1.
PFRDA introduces new guidelines and a revised form for NPS subscriber onboarding. Learn about the updated digital and physical registration modes, various KYC options, and how CKYC/Bank CBS data simplifies enrollment.
