EaseValueSection 87A Rebate FY 2025-26: ₹12 Lakh Limit & ₹60,000 Rebate
Section 87A rebate has been updated for FY 2025-26 with a ₹12 lakh income threshold and ₹60,000 maximum rebate under the new tax regime. This recent update affects all individual taxpayers choosing the new regime — here's what you need to know to maximize your tax savings.
RBI Market Risk Capital Requirements 2026-27 | Basel III Update
The RBI has issued final Directions on Minimum Capital Requirements for Market Risk under Basel III framework, effective April 1, 2027. This update brings significant changes to how commercial banks calculate capital requirements for market risk exposure.
FRB 2033 Interest Rate 6.87% Sep 2026 – Tax Impact Guide
The Government of India has announced a 6.87% interest rate on Floating Rate Bond 2033 for the half-year September 22, 2026 to March 21, 2027. This recent update affects how bond investors report income and claim deductions in AY 2026-27.
RBI Commercial Banks Capital Requirements 2026 - Tax Impact Guide
The RBI has issued fresh directions on minimum capital requirements for commercial banks' market risk exposure in September 2026. This update affects how banks calculate their taxable income and maintain compliance under Income Tax Act 2025.
GSTR-2A vs GSTR-3B ITC Dispute: GSTAT Remands 2026
In a significant GST ruling from September 2026, GSTAT has set aside an ITC demand and remanded the GSTR-2A vs GSTR-3B mismatch dispute for fresh, reasoned adjudication. This is critical for businesses managing input tax credit discrepancies.
SC Upholds Section 80IB(10) Ruling 2026 | Built-up Area Exclusion
In a landmark September 2026 ruling, the Supreme Court has upheld the Bombay High Court's decision on Section 80IB(10) of the Income Tax Act 2025, clarifying that flower-beds and service areas must be excluded from built-up area calculations. This is a significant win for real estate developers claiming housing project deductions.
Section 80IB(10) Built-Up Area: Flower Beds Excluded 2025
In a significant September 2026 ruling, Bombay High Court clarified that flower beds, service ducts, and window projections cannot be included in built-up area calculations under Section 80IB(10) of the Income Tax Act 2025. This impacts residential property developers claiming deductions.
Software Export Taxation India 2025-26: IT Services Income Tax Guide
India's software and IT services exports surged 8.2% to $221.4 billion in 2025-26, with major contributions from computer services and BPO sectors. This growth brings critical income tax and GST compliance obligations for 2,363 participating companies under the Income Tax Act 2025.
IGST Ocean Freight Refund | Madras HC 2026 Ruling | GST
In a significant September 2026 ruling, the Madras High Court has set aside the rejection of an IGST ocean freight refund claim and remitted it for reconsideration. This landmark judgment impacts exporters and importers claiming input tax credits on ocean freight charges.
Section 11 Exemption: ITAT Chennai Rules on Delayed Form 10B Filing 2026
In a significant ruling for charitable trusts, ITAT Chennai has allowed Section 11 exemption even though Form 10B was filed 31 days late. This is a current update from September 2026 that clarifies filing timelines for trust assessments.
P&H HC Quashes Time-Barred Assessment 2026 | Superior Officer Intervention
In a significant September 2026 ruling, the Punjab & Haryana High Court has quashed an income tax assessment order that was time-barred and vitiated by improper superior officer intervention. This judgment reinforces critical procedural safeguards for taxpayers facing departmental scrutiny.
RBI KYC Amendment 2026: NRI, PIO & FPI Documentation Rules Updated
The Reserve Bank of India has issued an important amendment to Know Your Customer (KYC) directions in September 2026, extending simplified documentation procedures to Foreign Portfolio Investors (FPIs). This change affects NRIs, PIOs, and FPIs opening bank accounts in India.
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