Karnataka Tax on Profession Amendment Act, 2026

The Karnataka Tax on Profession, Trades, Callings and Employments Act, 1976 mandates enrolled persons to pay tax and furnish annual returns. Under existing provisions, return filing is required even where full tax liability has already been discharged for the year, resulting in additional compliance burden.

Restoration of RoDTEP Rates

RoDTEP scheme provides remission of duties and taxes on exported products at notified rates and value caps applicable to eligible exporters.

Guidance on Dossier Based Licensing of Drugs

The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 govern capital issuance and disclosure requirements and were last amended on November 1, 2025.

Clarification on Authority to Condon Delay in Filing Form No. 10A

Section 12A of the Income-tax Act, 1961 prescribes conditions for applicability of sections 11 and 12 to trusts and institutions. Under section 12A(1)(ac)(i), trusts or institutions are required to file an application for registration in Form No. 10A within the prescribed time.

Establishment of Indian Standards by BIS

The Bureau of Indian Standards notifies the establishment of multiple Indian Standards across areas such as documentation, digital records, security, and product authentication. Certain standards are issued as first revisions replacing earlier versions, which continue temporarily before withdrawal.

Schedule A Demo