The MCA amended AS 22 to incorporate provisions related to OECD Pillar Two global minimum tax rules. The amendment exempts companies from recognising deferred tax assets or liabilities linked to Pillar Two income taxes.
New FSSAI regulations expand the definition of petty food business operators to include street vendors, hawkers, and food trucks. Vendors registered under the Street Vendors Act will be deemed registered under food safety law.
The amendment aligns Tier 1 capital and owned fund definitions with capital adequacy norms and requires auditor certification before counting additional capital for exposure limits.
SEBI released a corrigendum correcting the enabling provisions and clause numbering in its January 2026 notification amending the LODR Regulations. The correction clarifies the statutory powers and technical drafting errors.
The amendment extends the deadline for settling tax arrears from 31 December 2025 to 31 March 2026, giving taxpayers additional time to avail benefits. This move aims to increase participation and ease pending tax disputes under the scheme.
The amendment revises CCR treatment and add-on factors for off-balance sheet exposures, aligning prudential norms for payments banks with international regulatory standards.
RBI revised prudential norms requiring financial institutions to include consolidated counterparty credit risk exposures and follow updated add-on factors for derivatives and off-balance sheet items.
Kerala notifies a final deadline for filing appeals against earlier GST orders. The move ensures taxpayers get time to file pending appeals while clearing backlog efficiently.
The notification expands reporting rules to include central bank digital currencies, electronic money products and relevant crypto-assets for tax information reporting.
The Bill seeks to amend Articles 15 and 16 to allow reservation for backward classes proportionate to their population identified through a caste census. It also proposes representation of marginalized groups and women in judicial appointments.
