IFSCA takes regulatory action against 9 Fund Management Entities in GIFT IFSC for consistent non-compliance with office and KMP presence regulations.
SEBI releases draft circular for public input on mutual fund categorization, aiming to update regulations, allow innovation, and reduce portfolio overlap.
GST registration is mandatory above set turnover limits, regardless of payment mode. Traders advised to comply and seek guidance from tax offices if notified.
Learn how to fill FSI, TR, and FA schedules in your ITR for reporting foreign income, claiming tax relief, and declaring foreign assets and accounts.
ok Sabha Select Committee, which has proposed 285 amendments to the draft Income-Tax Bill, 2025, largely focused on simplification and clarity. The report, unanimously adopted by the committee, is expected to be tabled in the Lok Sabha on July 21, 2025.
SEBI proposes revising gold and silver ETF valuation to use domestic spot prices, aiming for uniformity and market alignment. Public comments invited.
IRDAI approves QIS 2 guidance, R1 license, and FY26-FY27 obligations in its 132nd meeting held on 14 July 2025; regulatory updates and panel formations noted.
IFSCA’s consultation paper outlines a framework for reporting and mandatory clearing of OTC derivatives in IFSC, with a focus on equity and bond-linked contracts.
DGGI Bengaluru identified six shell companies involved in Rs 266 crore fraudulent invoices and Rs 48 crore ITC fraud; mastermind arrested. Investigation ongoing, SEBI notified.
Income Tax Department’s crackdown on fraudulent tax claims reveals misuse of deductions and exemptions under various sections. Learn more about ongoing investigations and actions taken to ensure tax compliance.
