Daily Tax & Corporate News & Updates
News Updates
Direct tax
Finance Bill 2026
From proposals to practice — The Finance Bill, 2026 operationalises Budget 2026
Shri Binny Bansal v. Deputy Commissioner of Income-tax International Taxation…
ITAT Dismisses Binny Bansal’s Plea Claiming ‘Non-Resident’ Tax Status
Relief granted to Dubai-based NRI for alleged unexplained investment
Dubai-based NRI flagged for Rs. 2 crore Mumbai property investment, challenges I-T…
UAE non-resident need not file ITR where full TDS is…
UAE-based taxpayer with Rs. 4 crore India income (TDS deducted) did not…
Indirect tax
Advisory on Interest Collection and Related Enhancements in GSTR-3B
Aims to align system computation with statutory provisions
Customs circular on introduction of system-based e-Scheduling for examination of…
CBIC mandates mandatory use of BWC for physical examination of imported cargo…
Customs circular on onboarding of CDSCO, WCCB, Textile Committee and…
CBIC Launches SWIFT 2.0 for facilitating trade, serving as a single touch…
The Deferred Payment of Import Duty (Amendment) Rules, 2026
The Deferred Payment of Import Duty (Amendment) Rules, 2026 extends duty deferral…
Audit & accounting
Computation of liquid net worth under IFSCA (Capital Market Intermediaries)…
Clarifies the components and methodology for computing liquid net worth of capital…
IFSCA (CMI) Regulations, 2025 – Extension of deadline for implementing…
Deadline for implementing revised norms on the appointment of Principal Officer and…
IFSCA circular Internet banking services to clients of IBUs –Review
Detailed compliance, customer consent, feature, and timeline requirements for Information, Interactive, and…
Exposure Draft of Ind AS 119, Subsidiaries without Public Accountability…
Eligible subsidiaries without public accountability can apply reduced disclosure requirements to simplify…
Corporate Laws
Circular on Ease of Doing Investment – Special Window for…
SEBI allows investors to transfer and demat old physical share certificates through…
Circular on Ease of Doing Investment and Ease of Doing…
SEBI streamlines investor services by removing LOC and mandating direct demat credit…
Master Circular for compliance with the provisions of the Securities…
A consolidated SEBI Master Circular outlining comprehensive compliance requirements for listed entities…
Securities and Exchange Board of India (Listing Obligations and Disclosure…
SEBI has amended the LODR Regulations, 2015 to raise the HVDLE threshold…
SEBI (Issue and Listing of Non Convertible Securities) (Amendment) Regulations,…
SEBI amends the NCS Regulations to define “retail individual investor” (up to…
Banking & Finance
Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 By RB1 14-01-2026
The FEM (Export and Import of Goods and Services) Regulations, 2026 outline…
RBI issues Reserve Bank of India (Internal Ombudsman) Directions, 2026
RBI issues Internal Ombudsman Directions, 2026, strengthening customer grievance redressal frameworks across…
RBI issues Amendment Directions on Lending to Related Parties by Regulated Entities
RBI issues amendment directions establishing a harmonised framework for lending to related…
Master Direction – Reserve Bank of India (Rupee Interest Rate Derivatives) Directions, 2025
Regulates both over-the-counter (OTC) and exchange-traded IRD transactions in India, including interest…
Amendments to Directions – Compounding of Contraventions under FEMA, 1999
The Master Directions on Compounding under FEMA, 1999 is revised.
Other laws
IFSCA (Fund Management) (Amendment) Regulations, 2026
The IFSCA (Fund Management) (Amendment) Regulations, 2026 streamline eligibility norms for key…
International Financial Services Centres Authority (Fund Management) (Amendment) Regulations, 2026
IFSCA (Fund Management) (Amendment) Regulations, 2026 streamline eligibility norms for key personnel,…
One-time window to extend the validity of the Placement Memorandum
IFSCA grants a one-time 3-month window to extend the validity of expired…
Consultation Paper on Alignment of the Default List of Authorized Services approved by the Department of Commerce with SAC Classification under the Goods and Services Tax Regime
IFSCA has released a consultation paper proposes aligning the SEZ Default List…
Public Consultation on Draft circular on Participation of IFSC Banking Units (IBUs) in remote booking arrangements (RBA)
IFSCA has issued a public consultation proposing a regulatory framework for permitting…