EaseValueSection 14A Disallowance 2026 | ITAT Kolkata Ruling on Exempt Income
In a significant September 2026 ruling, ITAT Kolkata has remanded Section 14A disallowance cases back to the Assessing Officer for fresh recomputation, focusing only on investments that generate exempt income. This impacts how businesses claim deductions for expenses related to exempt-income earning assets.
Foreign Exchange Reserves Decline Q1 2026: Tax Implications for NRIs & Exporters
India's foreign exchange reserves fell by US$22.5 billion in Q1 FY2026-27 due to valuation losses and capital account deficit. This has significant tax implications for NRIs, exporters, and businesses dealing in foreign currency.
RBI Rural Co-op Banks CRR SLR Exemption 2026 – Deposit Rules Changed
The Reserve Bank of India has shortened the exemption period for Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) maintenance on foreign currency deposits mobilized by rural cooperative banks. This recent amendment effective August 2026 affects NRI depositors and rural banking operations.
RBI Small Finance Banks Interest Rate Amendment 2026 - Tax Impact
The RBI has shortened the temporary relaxation period for interest rates on NRE and FCNR(B) deposits in Small Finance Banks from September 30 to August 31, 2026. This recent amendment affects non-resident taxpayers and NRI deposit holders in AY 2026-27.
RBI Weekly Bulletin Aug 2026 - Bank Credit & Money Supply Impact
The Reserve Bank of India's latest weekly statistical supplement for August 2026 reveals significant growth in bank credit and money supply. This has direct implications for income tax calculations, cash flow audits, and financial compliance for Indian taxpayers and businesses.
Government Securities Buyback 2026: Tax Impact for Indian Investors
The Government of India has announced a major buyback of its dated securities worth ₹30,000 crore through RBI auction on September 3, 2026. Investors holding these government securities must understand the Income Tax implications and reporting requirements under the current Income Tax Act 2025.
Tax Audit Working Tool Excel 2025-26 | Linked Sheets Guide
A new Excel-based Tax Audit Working Tool with linked audit sheets is transforming how professionals handle tax audit verification and documentation in AY 2025-26. This practical resource streamlines client data management, checklists, and annexures to ensure compliance and reduce audit risk.
RBI VRRR Auction August 2026: Tax Impact for Traders & Investors
The Reserve Bank of India has announced a Variable Rate Reverse Repo auction scheduled for August 28, 2026, affecting liquidity in the financial system. This recent update has important implications for income earned by traders, investors, and financial institutions under the Income Tax Act 2025.
Citizens Co-operative Bank Jammu RBI Directions Aug 2026 – Impact on Deposits
The RBI has issued strict Directions to The Citizens Co-operative Bank Ltd., Jammu, effective August 27, 2026, restricting the bank's operations and limiting depositor withdrawals to ₹1,25,000. This banking crisis has significant implications for account holders and businesses relying on this bank.
RBI Interest Rate Directions 2026 | FCNR & NRE Deposits Update
The RBI has issued Third Amendment Directions on August 25, 2026, reducing the temporary relaxation period for FCNR(B) and NRE deposits from September 30 to August 31, 2026. This impacts NRI taxpayers and their deposit strategies during AY 2026-27.
ITAT Chennai MRF Retention Money Forex Premium 2026 Ruling
In a significant August 2026 ruling, ITAT Chennai partly allowed MRF Limited's appeals, permitting retention money, forex premium, and warranty claims as deductible expenses. This decision clarifies important provisions under the Income Tax Act 2025.
ITAT Surat Deletes Section 271(1)(c) Penalty 2026 – Bogus Purchase
ITAT Surat has delivered a significant ruling in August 2026, deleting Rs. 37.30 lakh penalty under Section 271(1)(c) of the Income Tax Act 2025 on an ad hoc estimated bogus purchase addition. This decision provides critical protection to taxpayers against arbitrary penalty imposition.
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