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Draft Income Tax Rule 26 Targets Payments Over ₹10,000 Outside Banking Modes
India's CBDT unveils Draft Rule 26, exempting certain payments over ₹10,000 from electronic-only requirements to prevent tax disallowances starting April…
National Council for Science and Technology Innovation Approves Draft Rule 29
India's draft tax rules centralize research approvals under NCSTI, allowing 100% deductions for scientific spending starting April 2026.
Pfrda Permits Subscriber Data Sharing Under NPS Vatsalya in Circular No. Pfrda/2026/09/reg-Pf/03
PFRDA enables data sharing between CRAs and Pension Funds for NPS Vatsalya, mandating strict privacy compliance and transparent asset allocation…
40% Written Down Value Cap Hits Depreciation Under Draft Income Tax Rule 25
Draft Income-tax Rule 25 caps depreciation at 40% of WDV for taxpayers in concessional regimes, standardizing limits for companies, individuals,…
Central Board Revises Tariff Values in Notification No. 22/2026–customs
India's CBIC updates import tariff values for gold, silver, and oils effective Feb 19, 2026, maintaining existing rates to ensure…
Supreme Court Freezes TDS Notices on State Bank of India Under Section 10(5)
India's Supreme Court stays tax recovery from SBI over foreign LTC tax deductions, pausing a dispute on whether overseas travel…
Government Halves Rodtep Refunds, Squeezing Exporters’ Profit Margins
India halves RoDTEP export benefits for textiles and autos, squeezing margins amid a 45% budget cut and rising global competition.
MCA CCFS-2026 Lets Companies Clear Pending Filings with 10% Fee on MCA-21
India launches CCFS-2026, a 3-month amnesty from April 15 to July 15, 2026, allowing companies to settle overdue filings with…