India’s pensions regulator introduces new categorisation and standardised presentation rules for the National Pension System, enhancing transparency and comparison for investors amid ongoing reforms and cost reductions. India’s pensions regulator has moved to make the National Pension System easier to…
The Life Insurance Code Compliance Committee has formally warned an unnamed insurer following more than 10,000 breaches relating to late, incomplete, or inaccurate annual notices, exposing systemic weaknesses in their systems and oversight. The Life Insurance Code Compliance Committee has…
The Reserve Bank of India has mandated clear turnaround times for refunds and automatic compensation for failed transactions, promising faster resolution for borrowers and stricter enforcement for banks since 2019. When a loan repayment fails after money has already been…
India’s Directorate General of Foreign Trade clarifies policy to treat rupee receipts as equivalent to foreign currency realisation, closing a long-standing mismatch without enabling full liberalisation of cross-border deals. India’s Directorate General of Foreign Trade has moved to remove a…
India’s insurance regulator IRDAI has unveiled a proposal for a comprehensive public insurance registry aimed at increasing transparency, improving consumer access, and accelerating market reform as part of the wider Sabka Bima Sabki Raksha legislative framework. India’s insurance regulator has…
The Delhi Income Tax Appellate Tribunal clarifies that excess surrendered stock, properly accounted for, cannot be used as a basis for arbitrary gross profit estimations, emphasizing the importance of accurate inventory valuation and documented accounting practices. The Delhi Income Tax…
The Bangalore bench of the Income Tax Appellate Tribunal has emphasized substance over form, ruling that technical paperwork flaws should not block capital gains tax exemptions when genuine investment in a new home is proven. The Bangalore bench of the…
The Income Tax Department has opened Form 1 on its e-filing portal for the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026, providing eligible taxpayers a narrow timeframe to regularise undisclosed overseas holdings and income online, with strict criteria and…
The Jaipur bench rules that procedural lapses in submitting Form 26A manually do not bar relief if the underlying tax has been paid, emphasizing substance over form in tax compliance. The Jaipur bench of the Income Tax Appellate Tribunal has…
India’s GST Council is debating a potential reduction in the goods and services tax on mobile phones from 18% to 5%, aiming to boost consumer spending and aid domestic handset manufacturing amid a recent slowdown in smartphone shipments. India’s tax…
New trade regulations in India are shifting the responsibility to commercial banks for verifying cross-border transactions, raising concerns over inconsistent decisions and heightened risks amid a changing regulatory landscape. Banks in India are bracing for a sharper compliance burden as…
With post-2024 tax rates confirmed for listed shares and mutual funds, Indian investors are urged to adopt strategic tax-loss harvesting to optimise net returns and preserve capital, making careful year-end review crucial. Indian equity investors have a simple reminder from…
