EaseValueKarnataka HC GST Ruling 2026: Genuine Buyers Protected from Supplier Default
In a landmark September 2026 ruling, Karnataka High Court has protected genuine purchasers from being denied Input Tax Credit (ITC) when their suppliers default on GST payments. This is a major relief for businesses facing wrongful ITC denial.
FAST-DS 2026 Foreign Assets Disclosure Scheme India
FAST-DS 2026 is a new disclosure scheme launched in September 2026 that gives eligible taxpayers a window to voluntarily disclose undisclosed foreign assets and settle past tax issues with significantly reduced penalties and interest.
RBI KYC Amendment Directions 2026 - Money Mule Activity & Tax Compliance
The RBI has issued draft Amendment Directions in September 2026 to combat money-mule activity and cyber-enabled financial fraud through temporary debit holds on bank accounts. This impacts all taxpayers with bank accounts and has significant compliance implications for AY 2026-27.
RBI Priority Sector Lending Amendment 2026 - FCNR NRE Deposits
The Reserve Bank of India issued the Priority Sector Lending – Targets and Classification Third Amendment Directions on September 11, 2026, reducing the exemption deadline for fresh FCNR (B) and NRE deposits from September 30, 2026 to August 31, 2026. This affects how banks calculate Adjusted Net Bank Credit (ANBC) for priority sector lending compliance.
RBI VRRR Auction September 2026 - Impact on Tax Compliance
The RBI has announced a Variable Rate Reverse Repo (VRRR) auction scheduled for September 15, 2026, managing overnight liquidity. This impacts cash management and tax compliance strategies for businesses in Assessment Year 2026-27.
RBI KYC Amendment 2026: Money Mule Activity & Bank Account Holds
The Reserve Bank of India has issued draft amendment directions in September 2026 following a Supreme Court order to implement Standard Operating Procedures for placing temporary debit holds on accounts linked to money mule activity and cyber-enabled fraud.
RBI Local Area Banks CRR SLR Amendment 2026 - Tax Impact
The RBI has issued the Second Amendment Directions for Local Area Banks in September 2026, introducing stricter cash reserve ratio and statutory liquidity ratio requirements for scheduled banks. This impacts banking sector taxation and compliance obligations significantly.
RBI Priority Sector Lending Amendment 2026 – FCNR NRE Deposits
The Reserve Bank of India has issued a Third Amendment Direction in September 2026 modifying the Priority Sector Lending (PSL) framework. The key change: the exclusion deadline for advances against fresh FCNR(B) and NRE deposits has been shortened from September 30, 2026 to August 31, 2026.
F&O Taxation 2025-26: Business Income, Loss Set-Off Rules
As of September 2026, F&O taxation follows specific rules under Income Tax Act 2025 for business income classification, loss carry-forward, and turnover reporting. This recent update clarifies key compliance requirements for traders.
Online Gaming Winnings Tax 2026 | Section 115BB ITAT Ruling
In a significant September 2026 ruling, the Chennai ITAT has clarified that only real net online gaming winnings are taxable under Section 115BB, deleting a ₹2.44 crore addition. This judgment directly impacts how online gamers and platforms must report and calculate tax liability.
RBI OMO Sale 2026: Tax Implications for Indian Investors
RBI has announced an Open Market Operation (OMO) sale of Government of India securities in September 2026. This recent development has direct tax implications for individual and corporate investors holding government bonds and securities.
Treasury Bills Tax Treatment 2026 - Income Tax on 91/182/364 Day T-Bills
The RBI has conducted fresh auctions of short-term Treasury Bills in September 2026. This update explains the tax treatment of 91-day, 182-day, and 364-day T-Bills under the Income Tax Act 2025, including interest income taxation, TDS applicability, and compliance requirements for AY 2026-27.
Have a tax question? Our CA will reply within 30 mins.
💬 Ask on WhatsApp