CBDT has notified the Indian Institute for Human Settlements as an approved institution for social science and statistical research under Section 45. The approval is valid from tax years 2026-27 to 2030-31, subject to prescribed compliance conditions.
ICAI has proposed revised minimum stipend rates for articled assistants based on city population while inviting stakeholder feedback before finalising the amendment.
CBDT has clarified that lessees need not deduct TDS on ship lease payments once the IFSC lessor submits Form 1(N), provided the Section 147 conditions are satisfied.
Notification No. 24/2026-Customs exempts eligible animals imported under the India-UK trade agreement from customs duty and IGST, subject to re-export and prescribed conditions.
Maharashtra has overhauled the Co-operative Societies Rules by introducing a dedicated framework for housing societies covering registration, governance, redevelopment, recovery, and member rights. The amendments also replace several outdated provisions.
CBDT has notified tax exemption for specified income of the Mussoorie Dehradun Development Authority under section 10(46). The notification prescribes eligibility conditions and grants retrospective benefit for AYs 2022-23 and 2023-24.
The Centre has permitted Home First Finance Company India Ltd. to perform Aadhaar authentication under Section 11A of the PMLA after required consultations.
The Government has extended the validity of Notification No. 13/2026-Customs from 30 June to 15 July 2026. The amendment ensures continuity of the existing customs exemption without changing any other conditions.
CBIC has extended the Nil customs duty exemption on 40 notified petrochemical products by 15 days, keeping the benefit available until 15 July 2026.
Notification No. 37/2026 revises the SAED rate on ATF exports outside India to Rs. 7.5 per litre. The revised rate takes effect from 1 July 2026.
