The CBDT notified a statutory development authority for income-tax exemption under Section 10(46A), effective from AY 2025–26, subject to continued statutory functions.
The 2026 amendment introduces detailed metrological, technical, and safety standards for non-automated blood pressure devices. The key takeaway is mandatory compliance with precise accuracy limits, testing protocols, and durability requirements.
Entities may appoint the same principal officer for specified intermediary roles, while maintaining separate leadership for distribution businesses to ensure oversight.
The regulations replace the 2000 framework and restrict resident participation in guarantees involving non-residents, subject to defined permissions and exemptions. They also introduce enhanced reporting and compliance requirements.
The Central Government notified an urban development authority under section 10(46A) of the Income-tax Act. The exemption applies from AY 2024–25, subject to continued statutory status and specified functions.
The government has notified an electricity regulatory authority as eligible for tax exemption under section 10(46A), clarifying its status as a statutory body and the conditions for continued benefit.
The regulator has reconstituted its Pension Advisory Committee with effect from January 5, 2026. The new panel includes government officials, industry leaders, and pension experts.
The amendment mandates a minimum of two independent experts from relevant fields, strengthening oversight and expertise in performance reviews.
The amendment updates who can promote Lloyd’s service companies in IFSCs. It broadens eligibility while retaining regulatory conditions under the insurance registration framework.
The amendment deletes an existing regulation and makes a corresponding change in the Second Schedule. This clarifies which compliance provisions continue to apply to service providers.
