Statutory updates

Transfer of Input Tax Credit on Death of Sole Proprietor

This circular clarifies the transfer of unutilized input tax credit when a sole proprietor dies and the business continues.

Romell Real Estate Industrial Park Tax Benefit Notification

The Central Government notifies the industrial park undertaking of M/s Romell Real Estate Pvt.

Master Direction - External Commercial Borrowings, Trade Credits and Structured Obligations (Updated as on February 16, 2026)(SupersedesMaster Direction - External Commercial Borrowings, Trade Credit, Borrowing and Lending in Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers (Updated as on November 22, 2018))

Income Tax Exemption for Odisha Electricity Regulatory Commission

The Central Government notifies specified income of the Odisha Electricity Regulatory Commission under section 10 clause 46 of the Income-tax Act, 1961.

Servicing Improvement and Implementation of Crop Insurance Schemes

General insurance companies carrying on crop insurance business must implement specific measures to improve crop insurance scheme implementation and customer servicing.

HUDCO Notified Under Income-tax Act Section 194A

The Central Government notifies the Housing and Urban Development Corporation Ltd., New Delhi for the purpose of sub-clause (f) of clause (iii) of sub-section (3) of section 194A…

Notification No. 27/2019 SEBI Mutual Funds Regulations Specification

The Central Government notifies the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as the regulation for the purposes of section 9A of the Income-tax Act…

34th GST Council Meeting

Industrial Park Notification Amendment for Intime Properties

The Central Government amends the notification for M/s.

Tax Exemption for Andhra Pradesh Electricity Regulatory Commission

The Central Government notifies specified income of the Andhra Pradesh Electricity Regulatory Commission for tax exemption under section 10 clause 46 of the Income-tax Act 1961.

Exemption for Visakhapatnam Special Economic Zone Authority Income

The Central Government notifies specified income of the Visakhapatnam Special Economic Zone Authority for tax exemption under section 10 of the Income-tax Act, 1961.

Withdrawal of Add-on Automatic Extension of Period Clause

The Insurance Regulatory and Development Authority of India withdraws the add-on Automatic Extension of Period Clause for general insurers.

Participation of Eligible Foreign Investors in IFSC Commodity Derivatives

Eligible Foreign Investors may participate in commodity derivatives contracts traded in stock exchanges in the International Financial Services Centre.

Reserve Bank of India (Prevention of Market Abuse) Directions, 2019

The Reserve Bank of India establishes regulations to prevent market abuse in financial markets.

Income Tax Exemption Notification for Prayagraj Mela Pradhikaran

The Central Government notifies specified income of Prayagraj Mela Pradhikaran for income tax exemption under section 10 clause 46 of the Income-tax Act, 1961.

Approval of IISER Bhopal under Section 35(1)(ii)

The Central Government approves M/s Indian Institute of Science Education and Research, Bhopal, for scientific research under section 35(1)(ii) of the Income-tax Act, 1961.

notification no. 19/2019 f. no.187/2/2019 ita i / so 1360 e

Jurisdiction of Principal Director General of Income-tax (Systems)

The Central Board of Direct Taxes directs that the Principal Director General of Income-tax (Systems), Delhi, exercises powers and performs functions for territorial areas…