Ministry of Finance, Government of India presented its annual budget for the fiscal year 2026-27 (April 1, 2026 to March 31, 2027) earlier today. The attached note covers the budgeted numbers in brief, focus areas and brief details of taxation proposals, on both direct and indirect taxes.

In 2025, the Reserve Bank of India made an amendment in Banking Laws permitting up to four nominees to be registered with Banks for bank accounts and fixed deposits, with the objective of simplifying succession process and distribution of assets to the next generation, on passing away of an account holder.

The MCA has notified the Companies (Appointment and Qualification of Directors) Amendment Rules, 2025, on December 31, 2025, introducing significant changes to the Director KYC framework, with an intent to ease the compliance burden on company directors while continuing to ensure adequate regulatory oversight

RBI has issued Notification No. F. No. FEMA 23(R)/(7)/2025-RB dated 13.11.2025, amending the Regulations and relaxing the timelines for the collection and repatriation of export proceeds to provide relief and operational flexibility to Indian exporters facing global trade disruptions.

The Ministry of Labour & Employment, Government of India announced the implementation of Four Labour Codes effective November 21, 2025

The Finance (No.2) Act, 2024 introduced a six year time limit from the end of the financial year in which the original TDS/TCS statement was due, for furnishing a correcti on statement. This provision became effective from April 1, 2025.

As an ‘Ease of Doing Business’ endeavour, the Ministry of Corporate A􀆯airs has notified the Companies (Specification of definition details) Amendment Rules, 2025, revising the financial criteria for the definition of a Small Company in Section 2(85) of the Companies Act, 2013.

In continuation of our note listing the Key Highlights of the Indian Union Budget 2023-24, presented in the Parliament on February 1,...

Indian economy has risen to 5th largest in size from the 10th largest and India’s per capita income has more than doubled to Rs 1.97...

With increasing access to education, employment opportunities and a zeal to attain financial independence, more and more women have been...

As mentioned in the note on Key Highlights of the Indian Union Budget 2021-22 circulated by our group, the Finance Minister had announced...

In an effort to provide some economic relief to the economy in general and to some sectors which have been very badly affected by the...