Tax Intelligence Hub

Income Tax & GST Updates

CBDT circulars, court rulings, amendments & compliance reminders — explained in simple language by CA experts.

All (681) Income Tax (465) GST (112) Tax News (33) SEBI (32) ICAI / Audit (14) RBI / FEMA (14) International Tax (8) Company Law (2) Business (1)
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Income Tax

Maharashtra Oil IPO 2026: Income Tax & GST Implications for Investors

Maharashtra Oil Extractions Limited has filed its DRHP for a ₹3,700 million IPO in September 2026. This recent update covers critical income tax and GST implications for retail and institutional investors, plus tax planning strategies for FY 2026-27.

27 Sep 2026 · 6 min read
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GST

Rule 86B GST 2026: 6 Exceptions to 99% ITC Restriction Explained

September 2026 update: Rule 86B of CGST Rules restricts Input Tax Credit (ITC) claiming unless 99% of purchases are made via electronic payment methods. However, six critical exceptions exist that most businesses overlook—understand them now to protect your ITC eligibility.

27 Sep 2026 · 6 min read
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GST

GST on UPI Payments 2026 | MDR, 18% Tax & Merchant Impact

From 15 October 2026, a major GST framework on UPI payments comes into effect. Merchants, payment aggregators and consumers must understand MDR charges, 18% GST applicability, and ITC eligibility in this recent update.

27 Sep 2026 · 6 min read
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Income Tax

Section 50C vs 43CA vs 56(2)(x) | Property Tax 2025-26

The taxation of property transactions under Section 50C, 43CA and 56(2)(x) remains critical for AY 2025-26. This guide clarifies which section applies to whom, the stamp duty value rules, and the 10% safe harbour protection.

27 Sep 2026 · 7 min read
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Income Tax

Section 132B: 120-Day Cash Release Rule Referred to Larger Bench 2026

In a significant development for taxpayers facing income tax raids, the Gujarat High Court has referred a critical question to a Larger Bench regarding mandatory release of seized cash after 120 days when the Assessing Officer has not decided the Section 132B application. This ruling could reshape how tax authorities handle seized assets.

27 Sep 2026 · 6 min read
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Income Tax

WMA Limit Government India 2026-27: ₹50,000 Crore Update

The Reserve Bank of India has announced a ₹50,000 crore Ways and Means Advances limit for the second half of FY 2026-27 (October 2026 to March 2027). This recent update affects government liquidity management and market borrowing decisions during this critical fiscal period.

27 Sep 2026 · 6 min read
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International Tax

Exim Bank LOC ₹4,850 Cr Maldives 2026 - Export Tax Impact

The Export-Import Bank of India has launched a ₹4,850 crore Government-backed Line of Credit for Maldives effective August 2026. This recent development carries important tax and compliance implications for Indian exporters and businesses involved in cross-border transactions.

27 Sep 2026 · 7 min read
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Income Tax

Terrorist Organisation Listing 2026: Compliance for Banks & Financial Entities

The Reserve Bank of India has issued a critical compliance circular dated September 24, 2026, designating Shahzad Bhatti Network (SBN) as a terrorist organisation under UAPA 1967. All regulated financial entities must immediately freeze accounts, report to FIU-IND, and implement strict monitoring protocols.

27 Sep 2026 · 7 min read
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Income Tax

Debenture Interest Shares Taxable 2026 | Madras HC Ruling

The Madras High Court has clarified that debenture interest satisfied through equity shares is taxable on conversion, even under cash-basis accounting. This September 2026 ruling impacts investors holding debentures converted into shares.

26 Sep 2026 · 6 min read
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Income Tax

Treasury Bills 2026: Income Tax on T-Bills Interest & TDS Rules

RBI has announced a fresh auction of 91-day, 182-day, and 364-day Treasury Bills on September 30, 2026. This is a current update on how Treasury Bill income is taxed under the Income Tax Act 2025 and what TDS rules apply to individual and institutional investors.

26 Sep 2026 · 7 min read
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Income Tax

State Government Securities Auction 2026 - Tax Benefits for Investors

State Governments have announced a massive ₹22,200 Crore State Government Securities auction on September 29, 2026. We explain the tax treatment of interest income, capital gains, and investment benefits under the current Income Tax Act 2025.

26 Sep 2026 · 7 min read
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RBI / FEMA

FEMA Amendment 2026: Export Realisation Timeline Cut to 9 Months

The Reserve Bank of India has issued critical amendments to FEMA regulations effective October 1, 2026, significantly tightening timelines for export realisations and import settlements. This directly impacts how Indian exporters and importers manage foreign exchange compliance.

26 Sep 2026 · 7 min read
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