India allows export of 2,00,000 MTs of wheat to Nepal through National Cooperative Exports Limited (NCEL) under DGFT Notification No. 48/2024-25.
NPCI directs banks to enable online mandate cancellation by February 28, 2025, or face de-boarding from ONMAGS. Non-compliance risks participation in NACH.
The Delhi GST Amendment Act 2024 introduces definitions for online gaming, money gaming, and virtual digital assets, amending tax provisions and actionable claims.
ICAI announces disciplinary actions for professional misconduct against five Chartered Accountants, including suspensions and fines, effective January 2025.
Income tax exemption for Karnataka State Horticulture Development Agency on grants, horticulture revenue, and interest. Applicable for FY 2020-2021 to 2023-2024.
Income Tax exemption notification for Rabindra Setu, Kolkata, detailing income categories, conditions, and retrospective effect for assessment years 2019-2020 to 2023-2024.
RBI directs e-Kuber to process government transactions on March 30, 2025, ensuring accurate financial year-end accounting despite the date falling on a Sunday.
DGFT amends FTP 2023 to allow stakeholder feedback and outlines conditions for consultation and disclosure of reasons for non-incorporation of suggestions.
State Bank of India designated as Lead Bank for newly formed Meluri district in Nagaland. No change in other districts’ Lead Banks.
No tax deduction required on purchases from IFSC Units under Section 194Q of the Income-tax Act, 1961, with specific conditions for buyers and sellers.
