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SEBI Warns of Asset Attachment for Non-Payment of Rs 5.31 Lakh Penalty in Illiquid Stock Options Case

   10 June 2026 at 09:42

SEBI has issued a recovery certificate demanding Rs 5.31 lakh from 2 individuals in an illiquid stock options matter. The notice includes penalty, interest and recovery costs, with payment required within 15 days.

Posted in Corporate Law |   1863 Views


Customs Duty Exemption Expanded: Govt Inserts New Entry 825A with Nil Customs Duty on Goods Under Tariff Item 26020010

   10 June 2026 at 09:28

The Central Government has issued Notification No. 21/2026-Customs dated June 9, 2026, granting a 0% customs duty exemption to all goods classified under tariff item 26020010 by inserting a new Entry 825A in Notification No. 62/2022-Customs.

Posted in Custom |   93 Views


GSTN Extends Mandatory 'Ship To GSTIN' and E-Way Bill Closure Features to 1st August 2026

   10 June 2026 at 09:20

GSTN has extended the implementation date for mandatory Ship To GSTIN capture and voluntary E-Way Bill closure functionality from June 15, 2026, to August 1, 2026, providing additional time for businesses, GSPs and ERP providers to prepare.

Posted in GST |   5055 Views


CBIC Centralizes Adjudication of Multiple Customs Show Cause Notices Against Hewlett-Packard Enterprise India

   09 June 2026 at 09:28

The Ministry of Finance has issued Customs Notification No. 50/2026 appointing a common adjudicating authority to handle multiple customs show cause notices issued to Hewlett-Packard Enterprise India Pvt. Ltd. across various customs formations in India.

Posted in Custom |   2745 Views


Senior Citizens Welfare Fund Interest Rate Fixed at 6.85% for FY 2025-26

   09 June 2026 at 09:20

The Ministry of Finance has notified an interest rate of 6.85% on deposits under the Senior Citizens Welfare Fund (SCWF) for the period from April 1, 2025 to March 31, 2026. Read the details of the latest notification.

Posted in Income Tax |   3744 Views


CBDT Releases Guidelines for Compulsory Income Tax Scrutiny During FY 2026-27

   08 June 2026 at 09:31

CBDT has issued the guidelines for compulsory selection of income tax returns for complete scrutiny during FY 2026-27. Check the six categories of cases that will face mandatory scrutiny, key compliance requirements and important deadlines.

Posted in Income Tax |   66867 Views


ICAI to Launch PM Internship Scheme for CA Firms, Revised Code of Ethics to Permit Limited Advertising

   08 June 2026 at 09:20

ICAI President CA Prasanna Kumar D announces PM Internship Scheme for CA firms and proposed revisions to the ICAI Code of Ethics permitting limited advertising and professional outreach.

Posted in Students |   27498 Views


RBI Simplifies FPI Investment Rules in Government Securities

   06 June 2026 at 09:45

RBI removes key investment restrictions for FPIs in Government Securities under the General Route, merges investment limits, and expands the Fully Accessible Route (FAR) by including more G-Secs and Sovereign Green Bonds.

Posted in Community & General |   234 Views


FPI Investments in G-Secs Become Tax-Free Under Income-tax (Amendment) Ordinance, 2026

   06 June 2026 at 09:35

The Income-tax (Amendment) Ordinance, 2026 exempts FPIs from tax on interest and capital gains from Government Securities, complementing major reforms to attract foreign investment.

Posted in Income Tax |   7029 Views


Finance Ministry Notifies Directorate of Naval Intelligence Under PMLA Information-Sharing Provisions

   06 June 2026 at 09:23

The Finance Ministry has amended the PMLA information-sharing notification to include the Directorate of Naval Intelligence among agencies eligible to receive information under Section 66 of the Prevention of Money Laundering Act, 2002.

Posted in Community & General |   90 Views



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