CBDT notifies Income Tax (Sixth Amendment) Rules, 2025, introducing safe harbour rules for assessment year 2025-26. Full details of amendment provided.
The Government of India has discontinued Medium and Long Term Government Deposits under the Gold Monetization Scheme from March 26, 2025. Learn more about the update.
Companies must report delayed payments over 45 days to MSMEs in a half-yearly return to the Ministry of Corporate Affairs under MSME Act, 2006.
RBI modifies Priority Sector Lending Certificates (PSLC) criteria for loans to small/marginal farmers, impacting PSL sub-targets and overall achievement.
RBI lowers the Priority Sector Lending (PSL) target for Urban Co-operative Banks (UCBs) to 60% of ANBC or CEOBSE from FY 2024-25 onwards.
RBI instructs banks to keep currency chests open on March 31, 2025, for government transactions, ensuring proper accounting for FY 2024-25.
The Bhavishya portal is mandatory for processing central government pension cases since 2017, ensuring timely settlements per CCS (Pension) Rules, 2021.
The government amends Notification 27/2011-Customs to remove the 20% export duty on onions (HS 0703 10) starting April 1, 2025, ensuring public interest compliance.
RBI clarifies that Right-of-Use (ROU) assets from tangible leased assets need not be deducted from regulatory capital for NBFCs, HFCs, and other entities.
MSME investment and turnover limits revised. New thresholds apply from April 1, 2025, increasing eligibility for micro, small, and medium enterprises.
