Exemption from Consent Requirements Updated for Low-Polluting Industries under Water and Air Acts
Exemption from Consent Requirements Updated for Low-Polluting Industries under Water and Air Acts
BIS Notifies New and Revised Indian Standards, Old Versions to be Withdrawn by January 21, 2026
The Bureau of Indian Standards (BIS) has established a new set of Indian Standards, which will come into force immediately upon notification
Mandatory Allotment and activation of UAN through UMANG APP using FAT -reg.
EPFO had earlier introduced a simplified process for allotting and activating Universal Account Numbers (UANs) through the UMANG App, using Aadhaar-based Face Authentication Technology (FAT), as per Circular dated April 8, 2025.
Income-tax (Twentieth Amendment) Rules, 2025
Through Notification No. 126/2025, the Central Board of Direct Taxes (CBDT) has issued the Income tax (Twentieth Amendment) Rules, 2025. These amendments update Rule 21AK to align with changes introduced by the Finance Act, 2025 and reflect evolving financial instruments in International Financial Services Centres (IFSCs).
New Digital Credit Assessment Model for MSMEs Facilitates Rapid, Data-Driven Loan Approvals
To streamline MSME lending and reduce dependency on physical documentation, the government introduced a Digital Credit Assessment Model, as announced in the Union Budget 2024–25. This model empowers Public Sector Banks (PSBs) to independently evaluate MSME loan applications using real-time digital data.
Excel Utilities Released for Updated ITR-1 and ITR-2 for AYs 2021–22 and 2022–23
The Income Tax Department has made available Excel-based utilities for filing updated returns in ITR-1 and ITR-2 for the Assessment Years (AYs) 2021–22 and 2022–23.
Offline and Online utility for ITR-3 is available now for filing
The Income Tax Department has announced that both the offline and online filing utilities for Income Tax Return Form ITR-3 are now live for use.
Gujarat Government Grants 80% Relief on Deficit Stamp Duty for Select Property Transfers
The Government of Gujarat, using its powers under Section 9(a) of the Gujarat Stamp Act, 1958, has issued a notification to provide partial relief from deficit stamp duty in property transfer cases. This relief applies specifically to transactions falling under Article 20(b) and Article 20(c) of Schedule I of the Act, which typically relate to property allotment through housing societies, share certificates, and similar instruments.
Gas Cylinders (Third Amendment) Rules, 2025
The Central Government has notified the Gas Cylinders (Third Amendment) Rules, 2025 after inviting public comments via G.S.R. 241(E) dated April 15, 2025. As no objections or suggestions were received, the final rules have now been enacted. These changes aim to enhance safety and align with international standards for cylinders, valves, regulators, and hydrogen storage systems.
Cosmetics (Amendment) Rules, 2025
The Central Government has notified the Cosmetics (Amendment) Rules, 2025 after considering public objections and recommendations from the Drugs Technical Advisory Board. These rules amend several provisions of the Cosmetics Rules, 2020 under the Drugs and Cosmetics Act, 1940. The draft rules were initially notified on May 15, 2023, through G.S.R. 371(E).