CBDT introduced Income-tax Rules, 2026 to operationalize the Income-tax Act, 2025. The rules standardize procedures on valuation, reporting, and compliance across tax domains.
The notice clarifies eligibility, UIN requirements, and claim procedures under the export credit scheme. It emphasizes strict compliance and limits benefits to eligible disbursements.
Resolved firms demonstrated improved operations and investment activity. The findings confirm successful business revival.
The authority penalized the company and directors for non-functional registered office. The case highlights strict compliance requirements under Section 12.
The ROC penalized the company and its officer for filing incorrect AGM details in a statutory return. It held that accuracy of e-forms is mandatory and errors attract penalty despite later correction.
The ROC penalized the company and its directors for not filing financial statements within the prescribed timeline. It held that non-compliance with mandatory filing obligations attracts strict penalties.
A company was penalized for filing incorrect details in MGT-7 despite claiming a clerical mistake. The ruling clarifies that errors in statutory filings attract penalties even if later corrected.
The government has retained existing tariff values for key imports like gold, silver, and edible oils. The update ensures valuation continuity without impacting import costs.
The government introduced a time-bound export support scheme to counter rising freight and insurance costs due to geopolitical tensions. It provides enhanced risk coverage and reimbursements to ensure export continuity.
The circular directs eligible financial institutions to provide interest support for export factoring to MSMEs. The key takeaway is improved access to export finance through regulated entities.
