This notification addresses whether statutory development authorities qualify for income-tax exemption under section 10(46). The key takeaway is that specified non-commercial income is exempt, even retrospectively, when statutory conditions are fulfilled.
Appeals arising from searches, requisitions, and surveys are now mapped to designated appellate officers. The key takeaway is clearer jurisdictional alignment for complex cases.
By substituting outdated terms across regulations and schedules, SEBI has clarified the nomenclature for registrars. The amendment focuses on uniform drafting rather than introducing new obligations.
The regulations mandate compulsory SEBI registration, higher governance standards, and a ₹50 lakh net worth threshold, strengthening oversight of registrars and transfer agents.
The Bill proposes increasing the statutory rural employment guarantee from 100 to 125 days annually. It aims to strengthen livelihood security while aligning rural development with the Viksit Bharat 2047 vision.
The Bill allows full foreign ownership in insurance companies to attract capital and expertise. It signals a major policy shift aimed at accelerating sectoral expansion while retaining regulatory safeguards.
The 2025 amendments revise exit, withdrawal, and annuity norms across NPS categories. Clear thresholds and deferment options up to age 85 are introduced for subscribers.
The regulator amended banking regulations to shift statutory returns from Friday-based reporting to the last day of the fortnight. The key takeaway is simplified and uniform reporting timelines for scheduled banks.
The Government of India has implemented the Code on Social Security, 2020 with nationwide effect from November 21, 2025, consolidating social security laws to provide medical and financial protection to employees across all establishments. Following this implementation, registration with the Employees’ State Insurance Corporation (ESIC) has become mandatory for all establishments meeting the prescribed criteria, […]
The 2025 amendment to the Central Excise Act standardizes excise duties on all tobacco products, cigars, and nicotine products, ensuring uniform rates and simplified compliance.
