Daily Tax & Regulatory News & Updates
News Updates
Direct tax
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…
The Capital Gains Accounts (Second Amendment) Scheme, 2025
CBDT allows electronic deposits under the Capital Gains Account Scheme
NITI Aayog releases NITI Tax Policy Working Paper Series–I
Regulatory update issuing clarifications and compliance directions for stakeholders under the applicable…
Indirect tax
Extension of timeline for implementation of additional incentives structure for…
SEBI extends the implementation of additional incentive structure for mutual fund distributors…
Advisory on Filing Opt-In Declaration for Specified Premises, 2025
GSTN enables online opt-in filing of Annexure VII/VIII on the GST Portal…
Health Security se National Security Cess Act 2025
Applicable rates, classifications for tobacco, tobacco products, and nicotine-based goods are revised…
The Central Excise (Amendment) Act, 2025
The Fourth Schedule to the Central Excise Act, 1944 amended by revising…
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
SEBI circular on Simplification of requirements for grant of accreditation…
SEBI simplifies investor accreditation for AIFs by easing net-worth documentation and allowing…
Compliance reporting formats for Specialized Investment Funds (SIF)
SEBI circular prescribes standardized Compliance Test Report and Trustee reporting formats for…
Securities and Exchange Board of India (Stock Brokers) Regulations, 2026
SEBI notifies the Securities and Exchange Board of India (Stock Brokers) Regulations,…
SEBI Consultation Paper on “Norms for sharing and usage of…
SEBI seeks public comments on proposing a uniform 30-day time lag for…
Launch of Revised Forms for the Liquidation Process
IBBI circular introducing revised electronic forms and timelines for reporting under the…
Banking & Finance
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.
The FEM (Export of Goods and Services) (Second Amendment) Regulations, 2025
The time period for realisation of full export extended from 9 to…
Master Direction – Reserve Bank of India (Repurchase Transactions (Repo)) Directions, 2025 by 11-11-2025
The Master Direction – Reserve Bank of India (Repurchase Transactions (Repo)) Directions,…
Other laws
IFSCA (Performance Review Committee) (Amendment) Regulations, 2026
IFSC Authority amends its Performance Review Committee rules to mandate at least…
IFSCA (Registration of Insurance Business) (Amendment) Regulations, 2026
IFSCA amends insurance registration rules to expand and clarify eligibility of Lloyd’s…
IFSCA (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) (Amendment) Regulations, 2026
IFSCA amends its 2024 regulations by omitting Regulation 12 relating to appointment…
Frequently Asked Questions (FAQs) on International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing And Know Your Customer) Guidelines, 2022
FAQs explaining applicability, compliance procedures, and practical interpretations of the AML, CFT…
Modifications under the International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022
Modifications and clarifications under the IFSCA (Anti Money Laundering, Counter-Terrorist Financing and…