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.
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.
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.
The Income Tax Department has released detailed FAQs on Form 40 under the Income Tax Act 2025. Know who must file it, eligibility conditions, due dates, required documents and how to claim tax relief on foreign retirement benefit accounts.
Learn about ICAI Faculty Empanelment 2026, including eligibility criteria, teaching experience requirements, application process, important guidelines and the last date to apply for faculty empanelment.
ICAI's Code of Ethics 2026 recommends that chartered accountants and firms accept audit fees only through digital modes or banking channels, promoting transparency, accountability and professional integrity.
RBI has clarified that reports suggesting the sale of its gold reserves are incorrect. The central bank confirmed that its physical gold stock remains unchanged at 880.52 tonnes and urged the public to rely on official information.
The USTR has proposed additional tariffs on imports from India and 59 other economies under Section 301 proceedings. India remains engaged with the US while also working toward finalizing a bilateral trade framework agreement.
The Supreme Court has ruled that GST on casino transactions is payable on the full amount staked by players and not on Gross Gaming Revenue (GGR), holding that tax liability arises when a bet is placed.
The Central Board of Direct Taxes (CBDT) has notified infrastructure sub-sector businesses as specified businesses under Schedule V of the Income-tax Act, 2025. The notification takes effect from June 1, 2026.
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