The government approved a major fund to enhance startup funding through AIFs. The scheme aims to strengthen innovation, especially in deep tech and early-stage ventures.
EPFO permits de-linking of wrongly linked Member IDs even when contributions exist, subject to limits. The circular outlines a structured approval process and safeguards to prevent misuse.
The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption compliance while ensuring stricter reporting and digital tracking requirements.
The government clarified that employees under the Unified Pension Scheme are eligible for Fixed Medical Allowance. The key takeaway is parity of benefits with NPS employees under existing rules.
The case addressed non-filing of financial statements under Section 137(3). The authority ruled no penalty since compliance was validly undertaken by the Resolution Professional during CIRP.
The case involved non-filing of annual return under Section 92(5). The authority held that filing through GNL-2 by the RP during CIRP constituted valid compliance, resulting in no penalty.
The issue involved disciplinary action for professional and other misconduct under the Chartered Accountants Act. The authorities held the member guilty, and the penalty of removal was upheld through appeal and enforced after court dismissal.
The Bill mandates seat allocation using updated census figures, replacing decades-old data. It ensures fair representation aligned with current population realities.
The government amended the excise notification to revise the duty rate to Rs. 31.5 per litre. The change is effective immediately and reflects a targeted rate adjustment.
Finance Ministry amends Notification 08/2026 to raise SAED on export of ATF to Rs 42 per litre, effective immediately from April 11, 2026.
