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Employees’ Pension Scheme amended to Offer ₹100 Flat Penalty Under Enrolment Campaign 2025

October 27, 2025 642 Views 0 comment Print

Ministry of Labour and Employment introduced a temporary amendment allowing employers to regularize past defaults between July 2017 and October 2025 with a nominal ₹100 lump-sum penalty under the Employees’ Enrolment Campaign 2025.

EDLI Scheme Amended to Offer ₹100 Lump-Sum Penalty for Old Defaults

October 27, 2025 507 Views 0 comment Print

The EDLI Scheme, 1976 is amended with a special provision for the Enrolment Campaign, setting a lump-sum damage of 100 for defaults from 2017–2025 for new members.

CBDT Grants CPC Power to Rectify AO Orders for Accounting Errors

October 27, 2025 15165 Views 2 comments Print

CBDT Notification 155/2025 confers concurrent powers on the Commissioner of Income Tax, CPC Bengaluru, to rectify apparent errors in assessment orders and issue demand notices for cases processed through the CPC interface, effective immediately.

New Banking Nomination Rules Allows Up to Four Nominees per Account

October 27, 2025 6681 Views 1 comment Print

Ministry of Finance has issued new rules enabling bank account holders to nominate up to four individuals, either successively or simultaneously, for deposits, lockers, and safe custody articles effective from November 1, 2025.

FSSAI Amends Food Import Regulations for Analysis Methods

October 27, 2025 996 Views 0 comment Print

FSSAI’s 2025 amendment standardizes imported food testing methods, allowing internationally recognized standards when FSSAI manuals lack a method, and mandates a 5-day reporting limit.

India–Qatar DTAA & Protocol Notified by CBDT

October 24, 2025 1596 Views 0 comment Print

Notification implements the India-Qatar Double Taxation Avoidance Agreement (DTAA) and Protocol, effective from the next fiscal year, outlining rules for income tax, business profits, dividends, and interest to prevent fiscal evasion.

Government Notifies Revised Customs Duty, IGST & Cess Rates

October 24, 2025 19056 Views 0 comment Print

India’s Ministry of Finance supersedes 31 past Customs notifications with a single one, streamlining import duty and IGST exemptions for specified goods from Nov 1, 2025.

Finance Ministry Amends Key Customs Notifications wef 01st November 2025

October 24, 2025 1587 Views 0 comment Print

Finance Ministry updates multiple Customs notifications under the 1962 Act, aligning earlier amendments; changes effective from November 1, 2025.

RBI Mandates Updates to UNSC Al-Qaida Sanctions List for REs

October 24, 2025 657 Views 0 comment Print

RBI circular on UAPA Section 51A requires Regulated Entities (REs) to update records based on the UNSC’s amended ISIL/Al-Qaida Sanctions List for compliance.

MCA Establishes 10 New Regional Directorates under Companies Act 2013

October 23, 2025 4797 Views 0 comment Print

The Ministry of Corporate Affairs (MCA) establishes ten new Regional Directorates with defined jurisdictions across India under the Companies Act, 2013, effective Jan 1, 2026.

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