Daily Tax & Corporate News & Updates
News Updates
Direct tax
Comprehensive Analysis of Key Amendments in Income Tax Return (ITR)…
The Central Board of Direct Taxes (CBDT) has notified the Income Tax…
Circular of Referencing by Document Identification Number (DIN)
CBDT prescribes revised procedures for mandatory quoting and generation of Document Identification…
Order for specifying Forms and procedures in relation to furnishing…
CBDT has notified two forms (Form PAN CR-01 for individuals and Form…
The Income-tax (Tenth Amendment) Rules, 2026
CBDT allow grandfathering of investments made before 01-04-2017. The Income-tax (Tenth Amendment)…
Indirect tax
Difficulty in filing appeals on the GST portal in cases…
GSTN has issued an advisory highlighting that taxpayers cannot file appeals on…
Goods and Services Tax Settlement of Funds Rules, 2026
Goods and Services Tax Settlement of Funds Rules, 2026 lays down detailed…
The Courier Imports and Exports (Clearance) Amendment Regulations, 2026
The Courier Imports and Exports (Clearance) Amendment Regulations, 2026 enhance customs clearance…
Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations,…
The Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2026…
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
Informal Guidance by way of an Interpretative Letter under provisions…
SEBI issued an interpretative letter clarifying that the “broad-based fund” requirement applies…
Review of Public Notice and Explanatory Note on the Companies…
MCA issued a draft of the Companies (Incorporation) Amendment Rules, 2026 to…
Ease of doing business – mechanism for lock-in of pledged…
SEBI introduces a mechanism to record pledged shares as “non-transferable” during the…
Relaxation from the applicability of SEBI Master Circular for compliance…
SEBI provides relaxation from certain provisions of its Master Circular under the…
One-time relaxation with respect to validity of SEBI Observations
SEBI grants a one-time relaxation extending the validity of observation letters for…
Banking & Finance
RBI releases Circular on Guidelines to facilitate faster cross-border inward payments
RBI issues guidelines to streamline and expedite cross-border inward payments by improving…
Discussion Paper Exploring safeguards in digital payments to curb frauds
RBI releases a discussion paper proposing enhanced safeguards in digital payments to…
Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)
RBI revises investment limits for FPIs in debt instruments and Credit Default…
Master Direction – Facility for Exchange of Notes and Coins
RBI has issued a master direction providing guidelines for banks to facilitate…
Master Direction on Incentives for Currency Distribution and Exchange and Penalties or Penal Provisions for Bank Branches and Currency Chests for Deficiency in Rendering Customer Service and Reporting of Transactions or Balances
RBI has issued a master direction laying down a framework for incentives…
Other laws
Consultation Paper on Mapping of Services Accounting Codes (SAC) and Introduction of Foreign Currency Expense Reporting for IFSC Units under SERF and MPR
IFSCA has released a consultation paper proposes mapping of Service Accounting Codes…
Reporting norms for Capital Market Intermediaries in IFSC
IFSCA prescribes updated quarterly reporting norms and formats for capital market intermediaries…
Jan Vishwas (Amendment of Provisions) Act, 2026
The Jan Vishwas (Amendment of Provisions) Act, 2026 aims to decriminalise and…
International Financial Services Centres Authority (Pension Fund) Regulations, 2026
The IFSCA (Pension Fund) Regulations, 2026 establish a regulatory framework for registration,…
Specification of Certification Course for Key Managerial Personnels (KMPs)/Employees under the International Financial Services Centres Authority (Fund Management) Regulations, 2025
The IFSCA prescribes a mandatory certification course requirement for KMPs and employees…