MCA revises Forms CRA-2 and CRA-4 under the Companies (Cost Records and Audit) Rules, 2014, effective 14th July 2025. Key updates streamline compliance processes.
Govt extends Yellow Peas import exemption till March 2026; cuts customs duty on crude soya, sunflower, and palm oils from 20% to 10%.
A recent corrigendum to an Income Tax notification dated May 6, 2025, rectifies errors in Form ITR. It corrects a reference in Schedule CG from (4ca –biva) to (4a-biva) and expands Schedule 80IE to include Sikkim for deductions related to undertakings in North-East states, providing structured entries for up to two undertakings per state.
CBDT notifies Ten Year Zero Coupon Bonds of REC Ltd. under Income-tax Act for issuance by March 2027 with a maturity value of ₹5,000 crore.
MCA introduces Companies (Management and Administration) Amendment Rules, 2025, substituting e-forms MGT-7, MGT-7A, and MGT-15 from July 14.
MCA’s Companies (Accounts) Second Amendment Rules, 2025. Effective July 14, mandate crucial disclosures on sexual harassment and maternity benefits in Board Reports and introduce new e-Forms like ‘Extract of Board Report’ for financial filings.
The Ministry of Corporate Affairs has issued new amendments to the Companies (Audit and Auditors) Rules, 2014, effective July 14, 2025, modifying audit-related compliances.
The RBI has updated its STRIPS notification, replacing PDO-NDS with e-Kuber for operations and revising eligibility for stripping of central and state government fixed coupon securities.
FSSAI’s May 2025 notification updates the list of 22 authorized referral food laboratories across India for food safety testing and analysis.
CBDT corrigendum adds Sikkim to the list of eligible states for income tax deductions under Section 80-IE for North-Eastern undertakings.
