Daily Tax & Corporate News & Updates
News Updates
Direct tax
CBDT Notifies Tax Exemption for NCCL Fund from Tax Year…
CBDT notified the Core Settlement Guarantee Fund of National Commodity Clearing Limited…
CBDT Notifies Retrospective Tax Exemption for NCCL Fund
CBDT notified the Core Settlement Guarantee Fund of National Commodity Clearing Limited…
CBDT released Clarificatory FAQs related to transition provisions
CBDT released clarificatory FAQs related to transition provisions under Section 536 of…
Court-approved demerger loses tax neutrality: Sterling Hotels, Mumbai ITAT
A court-approved composite scheme of arrangement does not automatically qualify as a…
Indirect tax
Export tax benefits for petroleum products
The Central Excise (Second Amendment) Rules, 2026 center on export tax benefits…
Aggregate Annual Turnover timeline extended till 31 July 2026
GSTN has extended the timeline for amendment of Aggregate Annual Turnover (AATO),…
GSTAT appeal filing deadline extended till 31 July 2026
The Government has extended the deadline for filing specified GSTAT appeals and…
Minimum Average Balance not taxable consideration: Canara Bank, Karnataka HC
Karnataka HC rules MAB is not consideration for banking services.
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
SEBI: Mutual Fund Amendment Regulations 2026
SEBI issues notification on Securities and Exchange Board of India (Mutual Funds)…
SEBI: Municipal Debt Securities Amendment Regulations 2026
SEBI issues notification on Securities and Exchange Board of India (Issue and…
SEBI: Foreign Portfolio Investors (FPI) Amendment Regulations 2026
SEBI issues notification on Securities and Exchange Board of India (Foreign Portfolio…
SEBI Custodian Amendment Regulations 2026
SEBI issues notification on Securities and Exchange Board of India (Custodian) (Amendment)…
CCFS 2026 Extended Until August End
MCA Extends Company Compliance Facilitation Scheme 2026 upto 31st August 2026
Banking & Finance
RBI ombudsman FAQs updated
RBI updates FAQs on Integrated Ombudsman Scheme, 2026 to clarify grievance redressal…
RBI streamlines NBFC registration surrender
Voluntary Surrender of Certificate of Registration by NBFCs (including HFCs) for Cancellation…
RBI eases NBFC compliance norms
RBI Grants Exemption to NBFCs with No Public Funds and No Customer…
Reserve Bank of India (All India Financial Institutions (AIFIs) – Prudential Norms on Capital Adequacy) Fourth Amendment Directions, 2026
RBI (All India Financial Institutions (AIFIs) – Prudential Norms on Capital Adequacy)…
Reserve Bank of India (Standalone Primary Dealers) Second Amendment Directions, 2026
RBI (Standalone Primary Dealers) Second Amendment Directions, 2026 revise the regulatory framework…
Other laws
Consultation Paper for FCSS Circular Issuance
IFSCA has issued Consultation Paper for issuing Circular on Foreign Currency Settlement…
Unified FDI reporting introduced
IFSCA has streamlined the reporting framework FDI received by regulated entities in…
Cross-border campus norms eased
IFSCA has issued a consultation paper on the revised draft regulations to…
Use of Artificial Intelligence (AI) in Courts: Do’s and Don’ts under the Draft Regulations for Use of Artificial Intelligence (AI) in Courts, 2026
Use of Artificial Intelligence (AI) in Courts: Do’s and Don’ts under the…
Consultation paper on IFSCA (Registration and Operations of Mutual Insurer and Protection & Indemnity Club) Regulations, 2026
IFSCA has issued a consultation paper on the proposed IFSCA (Registration and…