EaseValueSection 194Q vs 206C(1H) TDS TCS 2026 High-Value Goods
This is a CURRENT update from September 2026 on the critical interplay between Section 194Q (TDS) and Section 206C(1H) (TCS) for high-value goods transactions. Both provisions now operate simultaneously, creating compliance challenges for businesses dealing in precious metals, jewellery, and luxury goods.
Section 68 Income Tax 2025: Low Income ≠ Lack of Creditworthiness
A recent ITAT judgment (September 2026) has set an important precedent: low returned income cannot by itself prove lack of creditworthiness under section 68 of the Income Tax Act 2025. The AO must thoroughly investigate identity, genuineness of parties, and documentary evidence before making additions.
Transfer Pricing: Nil ALP for Support Services & Double TP Adjustment 2026
This is a current update from September 2026. ITAT Mumbai has ruled that nil valuation of real support services under the assured-margin model can lead to double transfer pricing adjustments, affecting how multinational enterprises structure their inter-company transactions.
NBFC Credit Growth July 2026 - Tax & Compliance Guide
Latest data on NBFC credit deployment for July 2026 shows robust 14.9% year-on-year growth across sectors. This update matters for tax compliance, TDS obligations, and income reporting for both financial institutions and borrowers.
GST ITC Immovable Property 2026: Section 17(5) Rules & Plant Machinery
CBIC has reinforced GST ITC denial rules on immovable property purchases in September 2026. Businesses must understand Section 17(5) restrictions, movable vs immovable tests, and plant & machinery exceptions to avoid costly GST credit denials.
MEIS Rewards Taxable as Revenue Receipt AY 2026-27 ITAT Ruling
In a significant ruling from September 2026, ITAT Mumbai Special Bench has clarified that Merchandise Exports from India Scheme (MEIS) rewards must be treated as revenue receipts under Income Tax Act 2025. This impacts exporters across multiple assessment years.
Builder Delay TDS Interest Homebuyers 2026 | Income Tax
This is a critical September 2026 update for all homebuyers in India. Delayed builder intimation on property installments can trigger unexpected TDS interest, notices, and filing complications under Income Tax Act 2025.
Treasury Bills Auction 2026: Tax Guide for Individual Investors
The Reserve Bank of India has announced a fresh auction of Government Treasury Bills worth ₹24,000 crore in September 2026. Individual investors participating in this auction need to understand the income tax and TDS implications under the Income Tax Act 2025.
SEBI Net Settlement Mutual Funds 2026 | Cash Market Impact
SEBI has proposed allowing mutual funds to net fund obligations for outright cash-market trades while keeping gross securities settlement intact. This September 2026 update affects how mutual fund transactions are settled and has direct tax implications for investors and fund managers.
Allahabad HC Quashes GST Notice 2026 | Portal Service Invalid
In a significant ruling in September 2026, the Allahabad High Court has quashed a GST order where the notice was served only through the online portal after registration cancellation, violating principles of natural justice. This judgment protects taxpayer rights and sets important procedural standards for GST authorities.
Allahabad HC GST Fraud Bail 2026 | Non-Existing Firm Case
In a significant September 2026 ruling, Allahabad High Court granted bail to Waseem Akram in a GST fraud case involving a non-existing firm. This judgment clarifies important procedural protections for accused persons in GST investigations.
Gujarat HC Reassessment Ruling 2026 | Section 147 Income Tax Act
In a significant September 2026 ruling, Gujarat High Court has held that Explanation 3 to Section 147 of the Income Tax Act 2025 cannot save a reassessment if no addition is actually made based on the recorded reasons. This is a major win for taxpayers challenging invalid reassessments.
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