Daily Tax & Corporate News & Updates
News Updates
Direct tax
Guidelines for Compulsory Selection of returns for Complete Scrutiny during…
The CBDT has prescribed Guidelines for Compulsory Selection of Returns for Complete…
The Income Tax Amendment Ordinance 2026
The Income Tax (Amendment) Ordinance, 2026 – Promulgated to exempt capital gains…
The C&AG’s “Draft Report on Compliance Audit on Application of…
The C&AG’s Draft Report on Compliance Audit on Application of Provisions under…
Comprehensive Analysis of Key Amendments in Income Tax Return (ITR)…
The Central Board of Direct Taxes (CBDT) has notified the Income Tax…
Indirect tax
Extension of timeline for implementation of mandatory Ship To GSTIN…
GSTN has extended the implementation timeline for mandatory reporting of the Ship…
Bilateral safeguard investigation concerning imports of Non-Phthalate Plasticizers in the…
The Directorate General of Trade Remedies (DGTR) has initiated a bilateral safeguard…
The Customs Tariff (Determination of Origin of Goods under the…
The Customs Tariff (Determination of Origin of Goods under the Comprehensive Economic…
Advisory to Taxpayers and Stakeholders – Enhancements in the e-Way…
GSTN has issued an advisory informing taxpayers and stakeholders about functional and…
Audit & accounting
Compendium of Information Systems Audit Standards released by ICAI
The ICAI has released a Compendium of Information Systems Audit Standards consolidating…
Effective Communication Between Statutory Auditors and Those Charged with Governance,…
This circular issued by NFRA emphasizes the need for robust, documented, and…
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…
Corporate Laws
Norms for Base Price, Price Bands, Call Auction in pre-open…
SEBI prescribes pricing, auction, and close-out norms for ETF trading.
IBBI (Insolvency Resolution Process for Corporate Persons)( Fourth Amendment) Regulations,…
CIRP (Fourth Amendment) Regulations strengthen CoC oversight through cost approvals, going-concern assessment,…
Consultation paper on review of provisions on disclosure of Executive…
SEBI has issued a consultation paper proposing a review of executive remuneration…
Reporting format and norms for Annual Compliance Audit for CMIs…
IFSCA has prescribed a standardized reporting format and audit norms for the…
FREQUENTLY ASKED QUESTIONS (FAQs) ON BIS EXEMPTION
FAQs on BIS exemption has issued FAQs clarifying the scope, eligibility, and…
Banking & Finance
Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2026
FEM (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) regulations revises…
Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2026
FEM (Non-debt Instruments) third amendment modifies foreign investment eligibility and compliance requirements…
Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026
The RBI has notified the FEM (Export of Goods and Services) (First…
Foreign Exchange Management (Cross Border Merger) (Amendment) Regulations, 2026
Foreign Exchange Management (Cross Border Merger) (Amendment) Regulations, 2026 streamlines the regulatory…
FAQs for Portfolio Investment Positions (PIP) by Counterpart Economy (formerly CPIS) – India
RBI has issued FAQs to provide guidance on reporting Portfolio Investment Positions…
Other laws
The International Financial Services Centres Authority (Managing General Agents) Regulations, 2026
IFSCA introduces regulations governing Managing General Agents in IFSCs.
Amendment to the IFSCA circular on “Import of gold or silver by Qualified Jewellers and valid India-UAE CEPA TRQ holders through IIBX”
IFSCA amends gold and silver import norms through IIBX framework.
Comments received regarding the Consultation Paper on Master Circular for Broker Dealers and Clearing Members
IFSCA has released stakeholder comments received on the consultation paper proposing a…
Comments received regarding the Consultation Paper on Master Circular for Stock Exchanges and Clearing Corporations
IFSCA has published stakeholder comments received on the consultation paper concerning the…
Informal Guidance request received from Applicant [X] seeking clarifications – Global or Regional Corporate Treasury Centres in IFSC
Informal Guidance sought on the regulatory framework governing Global or Regional Corporate…