The amendment introduces electronic payment modes for capital gains deposits and clarifies the effective date of deposit. It enhances taxpayer convenience and modernises compliance procedures.
SEBI introduces a dedicated Accredited Investors only fund category and relaxes multiple obligations for such funds. The amendments simplify compliance and offer conversion options for existing AIFs.
The amendment introduces Schedule XII, replacing earlier monetary limits with turnover-linked thresholds for material related party transactions. It strengthens audit committee oversight and standardises approval requirements across listed entities.
The import of unstudded platinum jewellery (HS 71131921) is now restricted until April 2026, requiring DGFT approval for importers.
RBI directs regulated entities to update their sanctions screening after two names are removed from the ISIL and Al-Qaida list, reinforcing mandatory UAPA procedures.
The guidelines clarify that relief measures will not be treated as restructuring and will not lead to asset-classification downgrade. They also require lenders to create additional provisions and ensure borrower credit histories remain unaffected.
CBIC removes export duty on cane molasses and reduces basic customs duty on crude olive pomace oil through amendments to earlier customs notifications.
RBI amends FEMA regulations to allow exporters 15 months, up from nine, for repatriating export proceeds, providing greater flexibility in compliance with foreign exchange rules.
A recent amendment increases the deadline for realising export proceeds from nine to fifteen months, offering exporters greater flexibility in meeting FEMA requirements.
The notification introduces Aggressive and Balanced Life Cycle Funds under NPS and UPS, offering higher equity exposure and age-based tapering to improve retirement planning flexibility.
