Central Government notifies Greater Noida Industrial Development Authority under Income Tax Act, 1961, Section 10(46A), effective AY 2024-25.
IBBI has suspended an Insolvency Professional’s authorization until August 2025 for failing to verify proper demand notice service in a personal guarantor insolvency case, after an NCLT finding.
RBI’s June 2025 circular removes restrictions on using Brickwork Ratings India Private Limited (BRIPL) ratings for bank capital adequacy under Basel III.
FM visits NACIN, inaugurates DRI HQ, promotes eOffice; CBIC highlights sustainability, integrity, and modernization in tax administration.
The Manipur Goods and Services Tax (Amendment) Ordinance, 2025, updates the state’s GST Act, aligning it with central law changes and introducing new tax determination rules.
SEBI clarifies its forensic auditor empanelment, detailing the transparent application process, eligibility criteria, and reasons for panel size changes.
CBDT extends deadline for processing AY 2023-24 ITRs filed under Section 139 to 30th November 2025. Excludes scrutiny cases and unprocessed returns due to taxpayer reasons.
CBIC clarifies DIN is unnecessary for GST communications with Reference Numbers (RFN). Circular modifies prior guidelines on document identification.
New RBI guidelines exclude Primary Co-operative Banks’ contributions to eligible funds for PSL shortfalls from exposure limit calculations, though a 100% risk weight applies.
RBI circular dated June 9, 2025, broadens Large Exposures Framework exemption to include bank contributions to NHB, SIDBI, and MUDRA for PSL shortfalls.
