EaseValueRBI Urban Co-operative Banks Interest Rate 2026 - Tax Impact
The RBI has shortened the temporary relaxation period for interest rate ceilings on foreign currency deposits from urban co-operative banks, effective August 31, 2026 instead of September 30, 2026. This recent amendment affects NRIs, HUFs, and Indian individuals holding deposits with these banks.
RBI Rural Co-operative Banks Interest Rate 2026 - Key Update
The RBI has issued a Second Amendment Direction on August 25, 2026, shortening the temporary relaxation period for rural co-operative banks' interest rates on foreign currency and NRE deposits. This is a critical update for NRI depositors and rural banking professionals.
MAT Partnership Profit Exclusion 2026 | ITAT Jabalpur Ruling
In a significant August 2026 ruling, Jabalpur ITAT has remanded a MAT (Minimum Alternate Tax) dispute back to CIT(A) for fresh adjudication. The case involves whether partnership profits should be excluded from book profit calculation under Section 115JB of the Income Tax Act 2025.
Jabalpur ITAT Salary Addition ₹39 Lakh Case 2026 - Fresh Adjudication
In a significant ruling from August 2026, Jabalpur ITAT has set aside the salary addition order of ₹39.06 lakh and ordered fresh adjudication with proper TDS verification. This recent judgment impacts how Income Tax Officers assess unreported salary income and highlights taxpayer rights under the Income Tax Act 2025.
State Government Securities Auction Aug 2026 - Tax & Income Impact
The State Government Securities auction held on August 25, 2026, has concluded with successful allotment across 16 securities from multiple states. For individual and corporate investors, understanding the tax implications of SGS investments is crucial for accurate tax filing in AY 2026-27.
RBI NBFC Concentration Risk 2026: IDF-NBFC Large Exposure Limits
RBI issued the Fourth Amendment Directions on August 25, 2026, modifying concentration risk management rules for Infrastructure Debt Fund NBFCs (IDF-NBFCs) in the Upper Layer category. This directly affects how these institutions manage large exposures and credit concentration risk.
Telangana HC GST Appeal 10% Pre-Deposit 2026 | EaseValue
In a significant ruling from August 2026, the Telangana High Court has set aside the dismissal of a GST appeal after the assessee made a 10% pre-deposit of outstanding dues before the rejection order. This decision clarifies crucial procedural requirements for GST appellants.
Section 234E Late Fee Invalid for Pre-June 2015 TDS - ITAT 2026
In a significant ruling dated August 2026, Chennai ITAT has held that Section 234E late fee provisions cannot be levied on Tax Deducted at Source (TDS) that was deducted before June 2015. This is a major relief for taxpayers who were being wrongly charged penalty.
RBI Board Directors 2026: Tax Implications for Part-time Non-official Directors
The Central Government has appointed three senior professionals as part-time, Non-official Directors to the RBI's Central Board effective August 24, 2026. Here's what this means for director taxation and compliance under Income Tax Act 2025.
RBI VRRR Auction August 2026 - Impact on Income Tax & GST
The RBI has announced a 2-day Variable Rate Reverse Repo (VRRR) auction on August 25, 2026, to manage current liquidity conditions. This monetary policy move has indirect but important implications for tax planning, investment decisions, and GST compliance for Indian businesses and individual taxpayers.
₹8 Lakh Foreign Freelancer TDS & 15CA/15CB Forms 2025-26
August 2026 update: Payments to foreign freelancers above ₹8 lakh now require stricter TDS compliance under Section 393(2) of Income Tax Act 2025 with mandatory treaty documentation and new filing forms.
ITR Filing Mistakes to Avoid 2025-26 | Income Tax Return Errors
Filing your Income Tax Return (ITR) incorrectly can lead to notices, penalties, and assessment delays. This August 2026 guide highlights the most common ITR mistakes taxpayers make and how to avoid them under the Income Tax Act 2025.
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