Gujarat HC Quashes Section 148 Notice Against Deceased Assessee 2026
In a significant ruling from September 2026, the Gujarat High Court has quashed a Section 148 reassessment notice and objection order issued against a deceased assessee for AY 2012-13. This judgment clarifies important procedural requirements for income tax authorities when dealing with assessees who pass away.
Section 270A Penalty Deleted | ITAT Delhi Treaty Income Ruling 2026
In a significant ruling from September 2026, ITAT Delhi has deleted penalty under Section 270A of the Income Tax Act 2025 where receipts were fully disclosed but treaty applicability remained disputed. This is a major win for taxpayers with international income.
SGB Premature Redemption Price September 2026 - βΉ15,355 per unit
The Government has announced the premature redemption price for SGB 2020-21 Series XII at βΉ15,355 per unit, effective September 09, 2026. This is crucial for tax planning in AY 2026-27 as capital gains taxation applies to SGBs.
RBI Reverse Repo Auction September 2026 - Impact on Taxpayers
The RBI has announced a Variable Rate Reverse Repo (VRRR) auction on September 09, 2026, to manage liquidity conditions. This recent development affects how taxpayers and businesses manage their cash flows and tax compliance during AY 2026-27.
Section 44AD Presumptive Taxation 2026: Eligibility, Rates & Turnover Limit
This is a current update on Section 44AD presumptive taxation applicable for AY 2026-27. Small business owners can now claim only actual expenses, not deductions, making compliance stricter but beneficial if expenses exceed the presumed profit rate.
TDS Credit Without Rule 37BA Declaration | ITAT Jodhpur 2026
In a significant ruling, ITAT Jodhpur has held that TDS credit cannot be automatically denied merely because a Rule 37BA(2) declaration was not filed. This September 2026 judgment protects taxpayers where beneficial ownership and taxability are clearly established.
RBI Urban Consumer Confidence Survey Sep 2026 - Income Tax Impact
The Reserve Bank of India has launched the September 2026 round of Urban Consumer Confidence Survey across 19 major cities. This survey impacts how household income, spending patterns, and economic sentiment are documented for tax and GST purposes.
RBI Inflation Survey September 2026 - Impact on Indian Taxpayers
The Reserve Bank of India has launched the September 2026 round of the Inflation Expectations Survey of Households across 19 major Indian cities including Jaipur. This survey captures household inflation expectations and price movements, which have direct implications for monetary policy, tax planning, and GST compliance for Indian taxpayers and businesses.
GoI Dated Securities Auction 2026 | Tax & Investment Guide
Government of India has announced a major auction of βΉ32,000 crore in dated securities scheduled for September 11, 2026. This is a current update explaining the tax and legal implications for individual and institutional investors.
RBI VRRR Auction September 2026: Impact on Taxpayers & Businesses
The Reserve Bank of India has announced a Variable Rate Reverse Repo (VRRR) auction on September 08, 2026, injecting βΉ5 lakh crore into the financial system. This monetary policy move has direct implications for taxpayers' investment income, TDS calculations, and GST liability in AY 2026-27.
UAPA Section 51A: Taliban Sanctions List Update 2026 β Compliance Guide
The Reserve Bank of India has issued critical compliance updates regarding Section 51A of the Unlawful Activities Prevention Act, 1967, following amendments to the UNSC's Taliban Sanctions List in September 2026. All regulated financial entities must immediately review their customer accounts and implement strict compliance procedures.
UAPA Section 51A: UNSC Terrorist Sanctions List Update Sep 2026
The Reserve Bank of India has issued fresh guidelines on Section 51A of the UAPA Act following UNSC's updated terrorist sanctions list in September 2026. All regulated financial entities must ensure strict compliance or face severe penalties.
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