RBI includes Deogiri Nagari Sahakari Bank and Ahmednagar Merchant’s Co-op Bank in Second Schedule of the RBI Act, 1934, per notifications dated July 25, 2025.
DGFT issues corrigendum to Notification No. 40/2024-25, correcting export order reference from S.O. 7624(E) to S.O. 5068(E) under FTP 2023.
ICAI sets limit of 60 tax audit assignments per CA or partner annually, effective from 1 April 2026, replacing earlier 2008 guidelines.
The IFSCA has amended its Fund Management Regulations, introducing provisions for third-party fund management services within International Financial Services Centres (IFSCs).
CBDT approves IQRAA International Hospital And Research Centre for scientific research exemption from AY 2026-27 to AY 2030-31 vide Notification No. 125/2025- Income Tax | Dated : 24th July, 2025
CBDT approves Gitarthganga, Ahmedabad for tax deduction under Section 35 for Social Science research, applicable from AY 2026–27 to AY 2030–31.
ICAI has established three new branches of its Central India Regional Council in Rajasthan, covering Nagaur, Churu, and Jhunjhunu districts effective July 1, 2025.
The Central Government grants income tax exemption to Puducherry Building and Other Construction Workers Welfare Board for specific incomes, effective from FY 2023-24, subject to conditions.
Andhra Pradesh Building and Other Construction Workers Welfare Board is exempt from income tax on specific income, including cess and fees, effective retrospectively from FY 2018-19.
The Indian government has granted income tax exemption to the Moradabad Development Authority from Assessment Year 2024-25, under Section 10(46A) of the Income-tax Act.
