Income Tax Notification 61/2025 grants tax exemption to Puducherry Planning Authority from AY 2024-25 under Section 10(46A) of Income-tax Act, 1961.
Notification grants income tax exemption to the Karnataka Electricity Regulatory Commission (KERC) from assessment year 2025-26 under the Income-tax Act.
Learn about the Himachal Pradesh Board of School Education’s income tax exemption on specific receipts, effective retrospectively from financial year 2019-2020.
Income tax exemption granted to ‘Treasurer Charitable Endowments, Haryana’ for specific income from 2014-15, with conditions.
CBDT notifies tax exemption for HRERA Gurugram on grants, fees, and interest income for FY 2018–19 to 2022–23, subject to specified conditions.
RBI informs REs about UNSC’s removal of one individual from ISIL and Al-Qaida sanctions list; directs compliance under UAPA and KYC guidelines.
RBI revises commission rates for agency banks from April 1, 2025. Payments vary by transaction type; e-receipts, pensions, and other services restructured.
RBI allows advance remittance up to USD 50 million for shipping vessel imports without bank guarantee or standby LC, aiming to improve business ease.
RBI introduces Separate Trading of Registered Interest and Principal of Securities (STRIPS) for State Government Securities. Eligible SGS and application process defined.
The RBI has revised KYC updation norms, allowing Business Correspondents to facilitate the process and advising banks to hold camps to address pendency.
