SEBI updates regulations on securitised debt instruments, restricting re-securitisation and refining asset eligibility under RBI-regulated originators.
CBDT amends Income-tax Rules, 1962; introduces new ITR-2 form effective from 1st April 2025 via Notification No. 43/2025 dated 3rd May 2025.
DGFT notification dated May 2, 2025, immediately prohibits all import and transit of goods from Pakistan, citing national security.
Odisha updates GST rules for appeals and applications, introducing electronic filing formats and withdrawal provisions before the Appellate Tribunal.
India’s Commerce Ministry reconstitutes the Export Inspection Council for two years, nominating government officials, industry representatives, and experts.
CBDT issues Income-tax (Fourteenth Amendment) Rules, 2025, effective April 1, 2025, replacing FORM ITR-5 in Appendix-II.
CBDT issues Notification 41/2025, effective April 1, 2025, substituting the ITR-3 form in Appendix II of the Income-tax Rules, 1962.
The Ministry of Finance updates customs exemptions on GI and other rice varieties under Notifications 27/2011 and 22/2024, effective 1st May 2025.
India imposes a 20% export duty on parboiled rice (GI & other), other GI rice, and semi/wholly milled rice effective May 1, 2025, per Finance Ministry notification.
SEBI’s Third Amendment to SCR Regulations, 2025, modifies appointment rules for directors and public interest directors in stock exchanges and clearing corporations.
