CBDT notifies new perquisite rules under Section 17(2); salary limit ₹4 lakh and gross total income limit ₹8 lakh for claiming exemptions.
A CAG audit report on direct taxes for FY 2022-23 reveals over ₹7,929 crore in tax effect from 481 observations, highlighting assessment errors and rising arrears.
The Insolvency and Bankruptcy Board of India (IBBI) has rejected three RTI appeals, ruling that the applicant’s requests for internal records were a misuse of the Act to harass the authority.
The Insolvency and Bankruptcy Board of India (IBBI) dismisses an RTI appeal, stating the request for internal records is an abuse of the RTI Act.
IBBI dismissed multiple RTI appeals challenging denial of a show cause notice copy. IBBI clarified no such notice existed and cited Supreme Court’s view that RTI should not be used for frivolous litigation.
SEBI has extended the deadline for its new margin pledge system to October 10, 2025, after requests from depositories for more time to prepare their systems.
The RBI has proposed new draft regulations to rationalize guarantees under FEMA 1999 expanding the automatic route and introducing new reporting requirements.
The Maharashtra government has amended the tax arrears settlement act for public sector undertakings, validating past collections and broadening its scope to include more entities.
The EPFO has simplified the process for members to seed or correct their Aadhaar in their UAN. The new process involves employers and allows members to submit physical forms in certain cases.
EPFO circular simplifies death claims for minors, removing the need for a Guardianship Certificate and allowing direct bank transfers to minor children’s accounts.
