Monday to Sunday

Week of 5-11 October 2026

What changed at each regulator this week, in a few points per source. Every point links to the official records it was written from.

14 sources · 179 records reviewed · AI-written summaries, checked against the source records

CBDT

1 point · 1 record

CBDT notified a new Form No. 161 and amended rule 231 to cover applications for waiver of penalty under section 440(2) of the Income-tax Act, 2025. The applicant must confirm no appeal is pending against the order and give payment details for the under-reported income.
- Record: Amendment of Income-tax Form No. 161

3 points · 4 records

The 57th GST Council recommended removing arrest provisions, raising the prosecution threshold from ₹1 crore to ₹5 crore and cutting the maximum general penalty from ₹25,000 to ₹10,000. It also proposed automated registration and refunds, simpler registration for small e-commerce sellers and a ₹10,000 floor for show cause notices; these take effect only through later notifications and amendments.

No summary this week: MCA, BSE, IBBI, IFSCA, MoLE, TRAI. Their records for the week are in each source feed.