S.O. 2357(E).— In exercise of powers conferred by section 127 of the Code on Social Security, 2020 (36 of 2020), the Central Government specifies that for any contribution or any other amount payable under the Code, the employer shall be liable to pay simple interest at the rate of twelve percent per annum from the date on which any amount has become due under the Code till the date of its actual payment.

Issued by the Central Board of Direct Taxes, this circular clarifies various issues relating to the Direct Tax Dispute Resolution Scheme, 2016, including eligibility, calculation of tax, penalty, and procedure for settlement of pending tax disputes.

Issued by the Central Board of Direct Taxes, this order under Section 119 provides relaxation/clarification regarding compliance and procedural difficulties faced by taxpayers, empowering tax authorities to grant relief in specified cases under the Income-tax Act.

This circular issued by the Central Board of Direct Taxes clarifies that payments made for hotel accommodation on a regular basis may attract TDS under Section 194-I (rent). However, if rooms are taken on a casual basis without a fixed arrangement, TDS under Section 194-I is generally not applicable.

Prudential Norms on Specified Non-financial Assets (SNFA) Directions

Reserve Bank of India and European Central Bank sign Memorandum of Understanding on mutual cooperation

Reserve Bank of India (Payments Banks - Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026

Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital Adequacy) Fourth Amendment Directions, 2026

Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Fifth Amendment Directions, 2026

Foreign Exchange Management (Authorised Persons) Regulations, 2026

Circular No. 36/2016 clarifies that compensation received by land owners for compulsory acquisition of land under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 is exempt from income tax, subject to prescribed conditions.

Circular No. 37/2016 clarifies that deductions under Chapter VI-A of the Income-tax Act are allowable on enhanced profits resulting from disallowances made during assessment, provided the deductions are otherwise eligible.

Circular No. 38/2016 clarifies the admissibility of expenditure incurred by a firm on a Keyman Insurance Policy. It states that premium paid by a firm for Keyman insurance of its partners is allowable as business expenditure under the Income-tax Act.

Circular No. RB/CIR/IDS/1507 provides guidelines for accepting payments under the Income Declaration Scheme (IDS), 2016. It explains the procedures and banking arrangements for payment of tax, surcharge, and penalty under the scheme.

Circular No. 39/2016 clarifies that transport subsidy, power subsidy, and interest subsidy received by industrial undertakings are eligible for deduction under the Income-tax Act, subject to prescribed conditions.

Circular No. 40/2016 contains directions issued under Section 119 of the Income-tax Act. It provides administrative instructions and guidance to income tax authorities for proper implementation and administration of tax provisions.

Circular No. 41/2016 clarifies various issues related to the Direct Tax Dispute Resolution Scheme, 2016. It explains the scope of the scheme, eligibility conditions, filing process, and settlement procedure for pending tax disputes.

Circular No. 42/2016 provides clarifications regarding the Direct Tax Dispute Resolution Scheme, 2016. It explains eligibility, procedure for declaration, tax and penalty payment, and settlement of pending direct tax disputes under the scheme.

Circular No. 43/2016 gives explanatory notes on the taxation and investment provisions of the Pradhan Mantri Garib Kalyan Yojana (PMGKY). It explains the scheme’s rules for declaring undisclosed income, applicable tax, surcharge, penalty, and compulsory deposit requirements.

Circular No. 1/2017 explains the procedure for deduction of income tax from salaries under Section 192 of the Income-tax Act. It provides guidelines for employers on calculating taxable salary, exemptions, deductions, and monthly TDS deduction from employees’ salaries.