Tax Updates - Daily Update https://www.taxtmi.com One stop solution for Direct Taxes and Indirect Taxes and Corporate Laws in India Business/Tax/Law/GST/India/Taxation/Policies/Legal/Corporate Tax/Personal Tax/Vat Law/Legal Information/Tax Information/Legal Services/Tax Services TaxTMI.Com / MS Knowledge Processing Pvt. Ltd. All rights reserved. Thu, 06 Aug 2026 05:18:44 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision https://www.taxtmi.com/news?id=74159 https://www.taxtmi.com/news?id=74159 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore https://www.taxtmi.com/news?id=74158 https://www.taxtmi.com/news?id=74158 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains https://www.taxtmi.com/news?id=74157 https://www.taxtmi.com/news?id=74157 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Road and Infrastructure Cess on exported petrol and diesel is revised through a substituted rate effective upon Gazette publication. https://www.taxtmi.com/highlights?id=102406 https://www.taxtmi.com/highlights?id=102406 Thu, 06 Aug 2026 05:18:44 +0530 Excise Highlights TaxLaws TaxTMI Amendment in Notification No. 11/2026-Central Excise, dated the 26th March, 2026 - Rates of Road and Infrastructure Cess for petrol and diesel, when cleared for exports https://www.taxtmi.com/notifications?id=146458 https://www.taxtmi.com/notifications?id=146458 Thu, 06 Aug 2026 05:18:44 +0530 Excise Notifications TaxLaws TaxTMI Special Additional Excise Duty on exported aviation turbine fuel is revised through substitution of the applicable effective rate. https://www.taxtmi.com/highlights?id=102405 https://www.taxtmi.com/highlights?id=102405 Thu, 06 Aug 2026 05:18:44 +0530 Excise Highlights TaxLaws TaxTMI Amendment in Notification No. 08/2026-Central Excise, dated the 26th March, 2026 - Effective rate of Special Additional Excise Duty on Aviation Turbine Fuel when cleared for exports https://www.taxtmi.com/notifications?id=146456 https://www.taxtmi.com/notifications?id=146456 Thu, 06 Aug 2026 05:18:44 +0530 Excise Notifications TaxLaws TaxTMI Special additional excise duty rates on exported petrol and diesel are revised with effect from Gazette publication. https://www.taxtmi.com/highlights?id=102404 https://www.taxtmi.com/highlights?id=102404 Thu, 06 Aug 2026 05:18:44 +0530 Excise Highlights TaxLaws TaxTMI Amendment in Notification No. 06/2026-Central Excise, dated the 26th March, 2026 - Special Additional Excise Duty on export of petrol and diesel https://www.taxtmi.com/notifications?id=146455 https://www.taxtmi.com/notifications?id=146455 Thu, 06 Aug 2026 05:18:44 +0530 Excise Notifications TaxLaws TaxTMI Mining-law intelligence sharing must support GST scrutiny, enforcement action, inter-agency dissemination, and periodic operational coordination across CGST Zones. https://www.taxtmi.com/highlights?id=102403 https://www.taxtmi.com/highlights?id=102403 Thu, 06 Aug 2026 05:18:44 +0530 GST Highlights TaxLaws TaxTMI Drug export compliance requires CDSCO clearance for regulated consignments, with distinct documentation rules for manufacturers and other exporters. https://www.taxtmi.com/highlights?id=102402 https://www.taxtmi.com/highlights?id=102402 Thu, 06 Aug 2026 05:18:44 +0530 Customs Highlights TaxLaws TaxTMI PaRRVA enrolment deadline extended for advisers and analysts seeking to communicate certified past performance data to clients. https://www.taxtmi.com/highlights?id=102401 https://www.taxtmi.com/highlights?id=102401 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws Highlights TaxTMI Customs Broker association membership becomes mandatory in the operating jurisdiction, with exclusive membership and limited compliance-time relaxation available. https://www.taxtmi.com/highlights?id=102400 https://www.taxtmi.com/highlights?id=102400 Thu, 06 Aug 2026 05:18:44 +0530 Customs Highlights TaxLaws TaxTMI Review of Foreign Direct Investment (FDI) policy on E-commerce Sector https://www.taxtmi.com/circulars?id=70692 https://www.taxtmi.com/circulars?id=70692 Thu, 06 Aug 2026 05:18:44 +0530 FEMA Circulars TaxLaws TaxTMI Availability of License-wise Voluntary Duty Payment Details for processing of Export Obligation Discharge Certificate (EODC) applications under Advance Authorisation (AA) and Export Promotion Capital Goods (EPCG) Schemes https://www.taxtmi.com/circulars?id=70693 https://www.taxtmi.com/circulars?id=70693 Thu, 06 Aug 2026 05:18:44 +0530 Customs Circulars TaxLaws TaxTMI Streamlining of Halal Certification Process for Meat and Meat Products https://www.taxtmi.com/notifications?id=146502 https://www.taxtmi.com/notifications?id=146502 Thu, 06 Aug 2026 05:18:44 +0530 Customs Notifications TaxLaws TaxTMI Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023 https://www.taxtmi.com/news?id=74153 https://www.taxtmi.com/news?id=74153 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks https://www.taxtmi.com/news?id=74156 https://www.taxtmi.com/news?id=74156 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI TRANSFERRING CASES TO THE PRINCIPAL BENCH /forum/issue?id=121060 /forum/issue?id=121060 Thu, 06 Aug 2026 05:18:44 +0530 GST Discussion-Forum TaxLaws TaxTMI Pakistan-origin dry dates, routed through UAE, seized at Kandla port https://www.taxtmi.com/news?id=74155 https://www.taxtmi.com/news?id=74155 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Refund arising due to Inverted Duty Structure /forum/issue?id=121058 /forum/issue?id=121058 Thu, 06 Aug 2026 05:18:44 +0530 GST Discussion-Forum TaxLaws TaxTMI RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks https://www.taxtmi.com/news?id=74154 https://www.taxtmi.com/news?id=74154 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI CORRIGENDA - Employees’ Provident Funds Scheme, 2026 https://www.taxtmi.com/notifications?id=146497 https://www.taxtmi.com/notifications?id=146497 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws Notifications TaxTMI Operationalisation of the Inventory-based Cross-border E-Commerce Facilitation Framework under the Handbook of Procedures, 2023 https://www.taxtmi.com/circulars?id=70689 https://www.taxtmi.com/circulars?id=70689 Thu, 06 Aug 2026 05:18:44 +0530 Customs Circulars TaxLaws TaxTMI CORRIGENDA - Employees’ Pension Scheme, 2026 https://www.taxtmi.com/notifications?id=146498 https://www.taxtmi.com/notifications?id=146498 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws Notifications TaxTMI Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport https://www.taxtmi.com/news?id=74152 https://www.taxtmi.com/news?id=74152 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law https://www.taxtmi.com/news?id=74151 https://www.taxtmi.com/news?id=74151 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Introduction of Inventory-based Cross-border E-Commerce Export Framework under FTP https://www.taxtmi.com/notifications?id=146495 https://www.taxtmi.com/notifications?id=146495 Thu, 06 Aug 2026 05:18:44 +0530 Customs Notifications TaxLaws TaxTMI Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged https://www.taxtmi.com/news?id=74150 https://www.taxtmi.com/news?id=74150 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore https://www.taxtmi.com/news?id=74149 https://www.taxtmi.com/news?id=74149 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision https://www.taxtmi.com/news?id=74148 https://www.taxtmi.com/news?id=74148 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam https://www.taxtmi.com/news?id=74147 https://www.taxtmi.com/news?id=74147 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Notification Specifying Exemption from TDS Deduction under Section 393(1) on Lease Rent Paid to a unit engaged in the business of leasing of aircraft located in IFSC https://www.taxtmi.com/notifications?id=146244 https://www.taxtmi.com/notifications?id=146244 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Notification Specifying Exemption from TDS Deduction under Section 393(1) on Lease Rent Paid to a unit engaged in the business of leasing of Ship located in IFSC https://www.taxtmi.com/notifications?id=146246 https://www.taxtmi.com/notifications?id=146246 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Notification for Non-Deduction of Tax at Source on Specified Payments to Units in International Financial Services Centres (IFSCs) under the provisions Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146282 https://www.taxtmi.com/notifications?id=146282 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Notification Authorising Sharing of information regarding income-tax payers’ for identifying eligible beneficiaries for the Punyashlok Ahilyadevi Holkar Farmer Loan Waiver Scheme, 2026 https://www.taxtmi.com/notifications?id=146283 https://www.taxtmi.com/notifications?id=146283 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI 'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare https://www.taxtmi.com/news?id=74146 https://www.taxtmi.com/news?id=74146 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook https://www.taxtmi.com/news?id=74145 https://www.taxtmi.com/news?id=74145 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI GST applicability on leased out property for residential purpose /forum/issue?id=121057 /forum/issue?id=121057 Thu, 06 Aug 2026 05:18:44 +0530 GST Discussion-Forum TaxLaws TaxTMI Highlights of RBI's August monetary policy https://www.taxtmi.com/news?id=74144 https://www.taxtmi.com/news?id=74144 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI RBI targeting polymer currency notes launch in early FY28: Guv Malhotra https://www.taxtmi.com/news?id=74143 https://www.taxtmi.com/news?id=74143 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Agreement and Protocol between the Republic of India and the Government of the Democratic Socialist Republic of Sri Lanka for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income https://www.taxtmi.com/notifications?id=146328 https://www.taxtmi.com/notifications?id=146328 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Central Government specifies the Cost Inflation Index for the financial years 2026-27 https://www.taxtmi.com/notifications?id=146313 https://www.taxtmi.com/notifications?id=146313 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Central Government specifies the bond as zero coupon bond https://www.taxtmi.com/notifications?id=146333 https://www.taxtmi.com/notifications?id=146333 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet https://www.taxtmi.com/news?id=74142 https://www.taxtmi.com/news?id=74142 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Sensex trades higher, Nifty flat post RBI policy https://www.taxtmi.com/news?id=74141 https://www.taxtmi.com/news?id=74141 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026 https://www.taxtmi.com/news?id=74138 https://www.taxtmi.com/news?id=74138 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI https://www.taxtmi.com/news?id=74140 https://www.taxtmi.com/news?id=74140 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case https://www.taxtmi.com/news?id=74139 https://www.taxtmi.com/news?id=74139 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Granting Tax Exemption to Delhi Pollution Control Committee in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a) to (c) and (e) of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146329 https://www.taxtmi.com/notifications?id=146329 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast https://www.taxtmi.com/news?id=74137 https://www.taxtmi.com/news?id=74137 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Transactions not regarded as transfer. - Central Government notifies transfer of capital asset from Nuclear Power Corporation of India Limited u/s 47(viiaf) of IT Act 1961 and U/s 536(2) of Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146332 https://www.taxtmi.com/notifications?id=146332 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to District Legal Service Authority, Jind in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146359 https://www.taxtmi.com/notifications?id=146359 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Kerala Headload Workers Welfare Board, Kochi in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146375 https://www.taxtmi.com/notifications?id=146375 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Fees Regulating Authority in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025. https://www.taxtmi.com/notifications?id=146393 https://www.taxtmi.com/notifications?id=146393 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Chhattisgarh Real Estate Regulatory Authority (PAN: AAAJC1049H) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025. https://www.taxtmi.com/notifications?id=146394 https://www.taxtmi.com/notifications?id=146394 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to District Legal Services Authority, Charkhi Dadri (PAN AAAGD1414N) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025. https://www.taxtmi.com/notifications?id=146461 https://www.taxtmi.com/notifications?id=146461 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Haryana State Board of Technical Education (HSBTE), Panchkula (PAN: AAAGT0008A) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025. https://www.taxtmi.com/notifications?id=146460 https://www.taxtmi.com/notifications?id=146460 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Kerala Real Estate Regulatory Authority (PAN:AAAGK1025N) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025. https://www.taxtmi.com/notifications?id=146415 https://www.taxtmi.com/notifications?id=146415 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Noida Special Economic Zone Authority (PAN: AAALN0639A) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a) to (c) and (e) of the Income-tax Act, 2025. https://www.taxtmi.com/notifications?id=146477 https://www.taxtmi.com/notifications?id=146477 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Odisha Joint Entrance Examination Committee (PAN: AAAGO0158G) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section section 536(2)(a) to (c) and (e) of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146483 https://www.taxtmi.com/notifications?id=146483 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Noida Special Economic Zone Authority (PAN: AAALN0639A) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section section 536(2)(a) to (c) and (e) of the Income-tax Act, 2025. https://www.taxtmi.com/notifications?id=146480 https://www.taxtmi.com/notifications?id=146480 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem https://www.taxtmi.com/news?id=74136 https://www.taxtmi.com/news?id=74136 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Notification Granting Tax Exemption to the Odisha Joint Entrance Examination Committee under Section 11 of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146484 https://www.taxtmi.com/notifications?id=146484 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis https://www.taxtmi.com/news?id=74135 https://www.taxtmi.com/news?id=74135 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Notification Granting Tax Exemption to the Noida Special Economic Zone Authority under Section 11 of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146482 https://www.taxtmi.com/notifications?id=146482 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI RBI keeps policy rate unchanged for third time in row amid West Asia crisis https://www.taxtmi.com/news?id=74134 https://www.taxtmi.com/news?id=74134 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited https://www.taxtmi.com/news?id=74133 https://www.taxtmi.com/news?id=74133 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision https://www.taxtmi.com/news?id=74132 https://www.taxtmi.com/news?id=74132 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI When Ego and Arrogance Overshadow Law: A Lesson from the Delhi High Court By Adv. G. Jayaprakash Former Central Excise Officer https://www.taxtmi.com/article/detailed?id=17111 https://www.taxtmi.com/article/detailed?id=17111 Thu, 06 Aug 2026 05:18:44 +0530 Customs Articles TaxLaws TaxTMI Service Tax: Wrong Forum Can Stop the Right Appeal https://www.taxtmi.com/article/detailed?id=17110 https://www.taxtmi.com/article/detailed?id=17110 Thu, 06 Aug 2026 05:18:44 +0530 Service Tax Articles TaxLaws TaxTMI JURISDICTION FOR INTELLIGENCE BASED ENFORCEMENT IN GST https://www.taxtmi.com/article/detailed?id=17109 https://www.taxtmi.com/article/detailed?id=17109 Thu, 06 Aug 2026 05:18:44 +0530 GST Articles TaxLaws TaxTMI Service Tax Appeals Need Finality, Not Mechanical Remand https://www.taxtmi.com/article/detailed?id=17108 https://www.taxtmi.com/article/detailed?id=17108 Thu, 06 Aug 2026 05:18:44 +0530 Service Tax Articles TaxLaws TaxTMI CESS ON PAN MASALA- MISBORN ACT https://www.taxtmi.com/article/detailed?id=17107 https://www.taxtmi.com/article/detailed?id=17107 Thu, 06 Aug 2026 05:18:44 +0530 GST Articles TaxLaws TaxTMI Farewell to the popular word 'notwithstanding' and welcome to phrase 'irrespective of' in the Income-tax Act, 2025.Possibility of unsettling settled things and proving scope of litigation afresh. https://www.taxtmi.com/article/detailed?id=17106 https://www.taxtmi.com/article/detailed?id=17106 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Articles TaxLaws TaxTMI WAYS TO MANAGE RISKS, ASSOCIATED WITH INTERNATIONAL TRADE: A COMPLETE ANALYSIS WITH EXPERT ADVICE, PREDICTIVE AND PREVENTIVE STRATEGIES. https://www.taxtmi.com/article/detailed?id=17105 https://www.taxtmi.com/article/detailed?id=17105 Thu, 06 Aug 2026 05:18:44 +0530 Customs Articles TaxLaws TaxTMI JNCH Public Notice 88/2026: Streamlining Export Procedures for Drugs and Pharmaceuticals. https://www.taxtmi.com/article/detailed?id=17104 https://www.taxtmi.com/article/detailed?id=17104 Thu, 06 Aug 2026 05:18:44 +0530 Customs Articles TaxLaws TaxTMI JNCH Public Notice 2026: Manual Container Bond Procedures Phased Out to Promote Digital Compliance. https://www.taxtmi.com/article/detailed?id=17103 https://www.taxtmi.com/article/detailed?id=17103 Thu, 06 Aug 2026 05:18:44 +0530 Customs Articles TaxLaws TaxTMI Reasoned GST registration cancellation and effective hearing are mandatory; unreasoned cancellation orders require fresh adjudication. https://www.taxtmi.com/highlights?id=102399 https://www.taxtmi.com/highlights?id=102399 Thu, 06 Aug 2026 05:18:44 +0530 GST Highlights TaxLaws TaxTMI Pre-trial detention in alleged fraudulent input tax credit cases must not become punitive where trial delay and risk factors favour bail. https://www.taxtmi.com/highlights?id=102398 https://www.taxtmi.com/highlights?id=102398 Thu, 06 Aug 2026 05:18:44 +0530 GST Highlights TaxLaws TaxTMI Effective communication of GST orders justified condoning appeal delay and requiring merits adjudication within the court-directed period. https://www.taxtmi.com/highlights?id=102397 https://www.taxtmi.com/highlights?id=102397 Thu, 06 Aug 2026 05:18:44 +0530 GST Highlights TaxLaws TaxTMI Reasoned GST registration cancellation orders and a hearing are mandatory; unreasoned ex parte action requires fresh adjudication. https://www.taxtmi.com/highlights?id=102396 https://www.taxtmi.com/highlights?id=102396 Thu, 06 Aug 2026 05:18:44 +0530 GST Highlights TaxLaws TaxTMI GST return rectification for wrong GSTIN reporting may preserve input tax credit where correction causes no revenue loss. https://www.taxtmi.com/highlights?id=102395 https://www.taxtmi.com/highlights?id=102395 Thu, 06 Aug 2026 05:18:44 +0530 GST Highlights TaxLaws TaxTMI Refund rejection requires prior notice of the decisive objection, despite authority to examine consequential relief impediments. https://www.taxtmi.com/highlights?id=102394 https://www.taxtmi.com/highlights?id=102394 Thu, 06 Aug 2026 05:18:44 +0530 GST Highlights TaxLaws TaxTMI Deemed withdrawal of best-judgment assessments follows delayed GSTR-3B filing when required returns and late fees are furnished. https://www.taxtmi.com/highlights?id=102393 https://www.taxtmi.com/highlights?id=102393 Thu, 06 Aug 2026 05:18:44 +0530 GST Highlights TaxLaws TaxTMI Deemed withdrawal of best-judgment assessment follows timely valid return filing, while late fee and interest liabilities continue. https://www.taxtmi.com/highlights?id=102392 https://www.taxtmi.com/highlights?id=102392 Thu, 06 Aug 2026 05:18:44 +0530 GST Highlights TaxLaws TaxTMI Interest and penalty on delayed GST payment remain stayed pending verification of payment through input tax credit adjustment. https://www.taxtmi.com/highlights?id=102391 https://www.taxtmi.com/highlights?id=102391 Thu, 06 Aug 2026 05:18:44 +0530 GST Highlights TaxLaws TaxTMI Inherent quashing jurisdiction cannot decide disputed defences on non-supply of seized material or wilful failure to file returns. https://www.taxtmi.com/highlights?id=102390 https://www.taxtmi.com/highlights?id=102390 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Highlights TaxLaws TaxTMI Eligible industrial deductions and book-profit adjustments turn on income nexus, exempt-fund presumption, valuation, and lawful appellate claims. https://www.taxtmi.com/highlights?id=102389 https://www.taxtmi.com/highlights?id=102389 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Highlights TaxLaws TaxTMI Website development depreciation, banking gateway fees, and revenue advertising expenses receive favourable treatment under discussed tax principles. https://www.taxtmi.com/highlights?id=102388 https://www.taxtmi.com/highlights?id=102388 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Highlights TaxLaws TaxTMI Foreign-currency loan benchmarking follows the loan currency, while export hedging losses qualify as non-speculative business losses. https://www.taxtmi.com/highlights?id=102387 https://www.taxtmi.com/highlights?id=102387 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Highlights TaxLaws TaxTMI Delayed initiation of TDS return penalties after nine years rendered the penalty illegal and unsustainable. https://www.taxtmi.com/highlights?id=102386 https://www.taxtmi.com/highlights?id=102386 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Highlights TaxLaws TaxTMI Project-development assistance treated as capital, while infrastructure construction costs may be amortised over the concession period. https://www.taxtmi.com/highlights?id=102385 https://www.taxtmi.com/highlights?id=102385 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Highlights TaxLaws TaxTMI Delayed trade receivables require separate transfer pricing benchmarking, subject to debt-free status and an appropriate credit period. https://www.taxtmi.com/highlights?id=102384 https://www.taxtmi.com/highlights?id=102384 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Highlights TaxLaws TaxTMI Modified returns, MAT book profit limits, and tested-party selection shape transfer pricing treatment of integrated intra-group services. https://www.taxtmi.com/highlights?id=102383 https://www.taxtmi.com/highlights?id=102383 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Highlights TaxLaws TaxTMI Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustments. https://www.taxtmi.com/highlights?id=102382 https://www.taxtmi.com/highlights?id=102382 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Highlights TaxLaws TaxTMI Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments cannot survive statutory omission. https://www.taxtmi.com/highlights?id=102381 https://www.taxtmi.com/highlights?id=102381 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Highlights TaxLaws TaxTMI Share valuation method choice protects DCF valuations from replacement with NAV, though projections remain open to scrutiny. https://www.taxtmi.com/highlights?id=102380 https://www.taxtmi.com/highlights?id=102380 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Highlights TaxLaws TaxTMI Penalty immunity requires reconsideration where rectification removes the assessment demand and leaves a refund instead. https://www.taxtmi.com/highlights?id=102379 https://www.taxtmi.com/highlights?id=102379 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Highlights TaxLaws TaxTMI Under-reporting penalty applies when taxable income is not returned, even if reassessment disclosure is accepted without additions. https://www.taxtmi.com/highlights?id=102378 https://www.taxtmi.com/highlights?id=102378 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Highlights TaxLaws TaxTMI Benami RTGS credits unsupported by independent evidence justified attachment, while unproven prejudice defeated the natural justice challenge. https://www.taxtmi.com/highlights?id=102377 https://www.taxtmi.com/highlights?id=102377 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws Highlights TaxTMI Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation right. https://www.taxtmi.com/highlights?id=102376 https://www.taxtmi.com/highlights?id=102376 Thu, 06 Aug 2026 05:18:44 +0530 Customs Highlights TaxLaws TaxTMI Brand rate drawback for bus bodies may coexist with DEPB where duplicate duty reimbursement is not established by evidence. https://www.taxtmi.com/highlights?id=102375 https://www.taxtmi.com/highlights?id=102375 Thu, 06 Aug 2026 05:18:44 +0530 Customs Highlights TaxLaws TaxTMI Made-up textile article classification governs triangular umbrella panels, while full customs disclosure prevents extended limitation in classification disputes. https://www.taxtmi.com/highlights?id=102374 https://www.taxtmi.com/highlights?id=102374 Thu, 06 Aug 2026 05:18:44 +0530 Customs Highlights TaxLaws TaxTMI Abetment penalties require proof that a Customs Broker representative knowingly facilitated improper importation of prohibited goods. https://www.taxtmi.com/highlights?id=102373 https://www.taxtmi.com/highlights?id=102373 Thu, 06 Aug 2026 05:18:44 +0530 Customs Highlights TaxLaws TaxTMI Actual user conditions prohibit disguised sales of duty-free inputs through arrangements labelled as job work. https://www.taxtmi.com/highlights?id=102372 https://www.taxtmi.com/highlights?id=102372 Thu, 06 Aug 2026 05:18:44 +0530 Customs Highlights TaxLaws TaxTMI Abetment of attempted export requires proven positive assistance or knowledge; penalties cannot rest on unsupported allegations of concealment. https://www.taxtmi.com/highlights?id=102371 https://www.taxtmi.com/highlights?id=102371 Thu, 06 Aug 2026 05:18:44 +0530 Customs Highlights TaxLaws TaxTMI Unsubmitted arbitral award claims are extinguished by approved resolution plans, while court-deposited security remains the corporate debtor's asset. https://www.taxtmi.com/highlights?id=102370 https://www.taxtmi.com/highlights?id=102370 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws Highlights TaxTMI Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration. https://www.taxtmi.com/highlights?id=102369 https://www.taxtmi.com/highlights?id=102369 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws Highlights TaxTMI Pre-existing operational debt dispute and post-admission settlement led to reversal of CIRP admission and closure of insolvency proceedings. https://www.taxtmi.com/highlights?id=102368 https://www.taxtmi.com/highlights?id=102368 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws Highlights TaxTMI Poultry cage components classification restored as parts of poultry-keeping machinery rather than iron and steel structural goods. https://www.taxtmi.com/highlights?id=102367 https://www.taxtmi.com/highlights?id=102367 Thu, 06 Aug 2026 05:18:44 +0530 Excise Highlights TaxLaws TaxTMI Admitted cheque signatures raise debt presumptions, while revisional courts cannot reassess concurrent evidence without material jurisdictional error. https://www.taxtmi.com/highlights?id=102366 https://www.taxtmi.com/highlights?id=102366 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws Highlights TaxTMI Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema https://www.taxtmi.com/news?id=74131 https://www.taxtmi.com/news?id=74131 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials https://www.taxtmi.com/news?id=74130 https://www.taxtmi.com/news?id=74130 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Rupee gains 9 paise against US dollar https://www.taxtmi.com/news?id=74129 https://www.taxtmi.com/news?id=74129 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI India, US working towards interim trade agreement: MEA https://www.taxtmi.com/news?id=74128 https://www.taxtmi.com/news?id=74128 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance https://www.taxtmi.com/news?id=74127 https://www.taxtmi.com/news?id=74127 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Instruction regarding Coordination with State Mining Authorities for sharing information relating to illegal mining and transportation of minerals https://www.taxtmi.com/circulars?id=70683 https://www.taxtmi.com/circulars?id=70683 Thu, 06 Aug 2026 05:18:44 +0530 GST Circulars TaxLaws TaxTMI Tariff rate quota applications under India-Oman CEPA open with product-specific documentation requirements for eligible imports. https://www.taxtmi.com/highlights?id=102365 https://www.taxtmi.com/highlights?id=102365 Thu, 06 Aug 2026 05:18:44 +0530 Customs Highlights TaxLaws TaxTMI Standard Input Output Norms for chemical and pharmaceutical exports enable direct Advance Authorisations and uniform input entitlement assessment. https://www.taxtmi.com/highlights?id=102364 https://www.taxtmi.com/highlights?id=102364 Thu, 06 Aug 2026 05:18:44 +0530 Customs Highlights TaxLaws TaxTMI SCMTR-only manifest filing replaces supplementary IGM and EGM processes at New Mangalore and Karwar Ports. https://www.taxtmi.com/highlights?id=102363 https://www.taxtmi.com/highlights?id=102363 Thu, 06 Aug 2026 05:18:44 +0530 Customs Highlights TaxLaws TaxTMI Supersession Notification No. ERTS (T) 3/2025/467, dated 17th September, 2025 https://www.taxtmi.com/notifications?id=146467 https://www.taxtmi.com/notifications?id=146467 Thu, 06 Aug 2026 05:18:44 +0530 GST Notifications TaxLaws TaxTMI Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS https://www.taxtmi.com/news?id=74126 https://www.taxtmi.com/news?id=74126 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence https://www.taxtmi.com/news?id=74125 https://www.taxtmi.com/news?id=74125 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM https://www.taxtmi.com/news?id=74124 https://www.taxtmi.com/news?id=74124 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Notification Granting Tax Exemption to the District Legal Services Authority, Charkhi Dadri under Section 11 of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146465 https://www.taxtmi.com/notifications?id=146465 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Notifications TaxLaws TaxTMI SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus https://www.taxtmi.com/news?id=74123 https://www.taxtmi.com/news?id=74123 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Rupee falls 3 paise to close at 95.40 against US dollar https://www.taxtmi.com/news?id=74122 https://www.taxtmi.com/news?id=74122 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Government Boosts MSME Financing Through SIDBI and ECLGS 5.0 https://www.taxtmi.com/news?id=74121 https://www.taxtmi.com/news?id=74121 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI India's Market Opportunity is Growing, and the Trade is Taking Notice https://www.taxtmi.com/news?id=74120 https://www.taxtmi.com/news?id=74120 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI 50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026 https://www.taxtmi.com/news?id=74119 https://www.taxtmi.com/news?id=74119 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Currently nine trade disputes pending against India under WTO rules: Govt https://www.taxtmi.com/news?id=74118 https://www.taxtmi.com/news?id=74118 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI MNLU Mumbai Launches MBA in Entrepreneurship Digital Business Law https://www.taxtmi.com/news?id=74117 https://www.taxtmi.com/news?id=74117 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Procedures and documents required for export consignments of Drugs Pharmaceuticals https://www.taxtmi.com/circulars?id=70675 https://www.taxtmi.com/circulars?id=70675 Thu, 06 Aug 2026 05:18:44 +0530 Customs Circulars TaxLaws TaxTMI Taxability on Issue of Right Issue of Shares by Unlisted Public Company /forum/issue?id=121056 /forum/issue?id=121056 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Discussion-Forum TaxLaws TaxTMI Extension of timeline for enrolment with PaRRVA as specified in SEBI Circular No. HO/38/14/(4)2026-MIRSD-POD/I/10557/2026 dated April 29, 2026 https://www.taxtmi.com/circulars?id=70665 https://www.taxtmi.com/circulars?id=70665 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws Circulars TaxTMI AU Small Finance Bank Savings Accounts: Competitive Interest Rates, Zero-Balance Digital Account Opening and 24x7 Mobile Banking https://www.taxtmi.com/news?id=74116 https://www.taxtmi.com/news?id=74116 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Rupee opens on flat note, rises 3 paise to 95.34 against US dollar in early trade https://www.taxtmi.com/news?id=74115 https://www.taxtmi.com/news?id=74115 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Meeting of Heads of National Statistical Offices of BRICS Countries “Quality Statistics as Driver of Change” https://www.taxtmi.com/news?id=74114 https://www.taxtmi.com/news?id=74114 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Modernization of National Sample Surveys through adoption of digital platforms such as Computer Assisted Personal Interview (CAPI) integrated with e- sigma platform incorporating in-built validation checks, AI-enabled chatbot, and multilingual interfaces https://www.taxtmi.com/news?id=74113 https://www.taxtmi.com/news?id=74113 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws News TaxTMI Exemplary example for first appellate authority in GST law. https://www.taxtmi.com/article/detailed?id=17102 https://www.taxtmi.com/article/detailed?id=17102 Thu, 06 Aug 2026 05:18:44 +0530 GST Articles TaxLaws TaxTMI The most used section 10(14)(i) to get a "Magic Refund" for salaried individuals https://www.taxtmi.com/article/detailed?id=17101 https://www.taxtmi.com/article/detailed?id=17101 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Articles TaxLaws TaxTMI Efficacy of provisions need to be evaluated to avoid litigation, brain drain and to enforce result orientation in tax laws. - first issue covered S.14A of Income-tax Act, 1961. https://www.taxtmi.com/article/detailed?id=17100 https://www.taxtmi.com/article/detailed?id=17100 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Articles TaxLaws TaxTMI GST Demand Must Rest on Tested Evidence and Year-Wise Adjudication https://www.taxtmi.com/article/detailed?id=17099 https://www.taxtmi.com/article/detailed?id=17099 Thu, 06 Aug 2026 05:18:44 +0530 GST Articles TaxLaws TaxTMI Supreme Court to examine whether the six-month time limit for issuance of show cause notice under Section 74(2) of the CGST Act is mandatory or directory https://www.taxtmi.com/article/detailed?id=17098 https://www.taxtmi.com/article/detailed?id=17098 Thu, 06 Aug 2026 05:18:44 +0530 GST Articles TaxLaws TaxTMI Benefit of tolerance limit of +/- 5% as contained in Section 92C(2) available even when one comparable remains in comparable set [Sec 92C of ITA'61 - Sec 165 of ITA'25] https://www.taxtmi.com/article/detailed?id=17097 https://www.taxtmi.com/article/detailed?id=17097 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Articles TaxLaws TaxTMI Departmental Appeals under GST: The Jurisprudence of the "Recurring Nature" Exception Part II (Concluding Part) - From Jurisprudential Theory to GST Practice https://www.taxtmi.com/article/detailed?id=17096 https://www.taxtmi.com/article/detailed?id=17096 Thu, 06 Aug 2026 05:18:44 +0530 GST Articles TaxLaws TaxTMI No Capital Gains on Agricultural Land u/s 2(14) even incase the land is not used for earning agricultural income and is sold after purchasing [Sec 2(14) of ITA'61 - Sec 2(22) of ITA'25] https://www.taxtmi.com/article/detailed?id=17095 https://www.taxtmi.com/article/detailed?id=17095 Thu, 06 Aug 2026 05:18:44 +0530 Income Tax Articles TaxLaws TaxTMI Appreciable Adverse Effect on Competition (AAEC) under Indian Competition Laws. https://www.taxtmi.com/article/detailed?id=17094 https://www.taxtmi.com/article/detailed?id=17094 Thu, 06 Aug 2026 05:18:44 +0530 Corporate Laws Articles TaxLaws TaxTMI ISO 9001:2015 Quality Management System (QMS): A Complete Guide to Quality Management, Customer Satisfaction, and Continual Improvement https://www.taxtmi.com/article/detailed?id=17093 https://www.taxtmi.com/article/detailed?id=17093 Thu, 06 Aug 2026 05:18:44 +0530 TaxLaws Articles TaxTMI TMI Updates - Newsletter dated: August 06, 2026 https://www.taxtmi.com/newsletter?id=08/06/2026 https://www.taxtmi.com/newsletter?id=08/06/2026 Daily Updates Tax