India and the UK sign Comprehensive Economic and Trade Agreement (CETA), eliminating 99% tariffs on Indian exports and easing professional mobility for stronger bilateral trade.
Join TaxGuru’s live GST webinar on 26 July 2025, 6 PM. Experts discuss GST evolution, compliance issues, and reforms. Free on YouTube, open to all.
SEBI seeks public input on easing norms for non-convertible securities by revising annual report dispatch rules. Comments open till August 15, 2025.
The IFSCA has released guidelines clarifying eligibility criteria for Key Managerial Personnel (KMPs) in Fund Management Entities (FMEs) under new regulations, addressing experience and qualification requirements.
Nitin Gupta assumes charge as NFRA Chairperson on July 23, 2025, alongside new full-time members, enhancing the authority’s leadership.
IRDAI releases a draft proposing an Internal Insurance Ombudsman for insurers. This aims to enhance grievance redressal for claims up to Rs. 50 lakh and improve policyholder trust.
Suggestions to simplify 12AB and 80G renewal for charitable trusts, proposing conditional approvals, straight-through processing for compliant entities, and clarity on validity periods.
ICMAI announces CMA TCA Srinivasa Prasad as President and CMA Neeraj D. Joshi as Vice President for the 2025-2026 council year.
Income-Tax Bill 2025: The Select Committee debated expanding the “accountant” definition. The Ministry of Finance upholds the Chartered Accountant restriction, citing statutory audit roles.
India’s New Income-Tax Bill 2025: Introduced to simplify the nation’s direct tax laws, this bill aims to reduce complexity, enhance readability, and lower compliance costs for taxpayers.
