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        <title>Tax Updates - Daily Update</title>
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        <description>One stop solution for Direct Taxes and Indirect Taxes and Corporate Laws in India</description>
        <category>Business/Tax/Law/GST/India/Taxation/Policies/Legal/Corporate Tax/Personal Tax/Vat Law/Legal Information/Tax Information/Legal Services/Tax Services</category>
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<title>Supersession Notification No. 7332-FIN-CTGST-TAX-0001-2026/F, dated the 19th March, 2026</title>
<link>https://www.taxtmi.com/notifications?id=146520</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Appellate Tribunal filing timelines under the Odisha Goods and Services Tax Act, 2017 are revised. Appeals for orders communicated before 1 May 2026 and applications for orders passed before 1 February 2026 may be filed up to 31 July 2026. Appeals and applications relating to later orders remain governed by the statutory periods of three months from communication and six months from the order date, respectively. The earlier notification is superseded, subject to actions already taken or omitted, and the revision is deemed effective from 30 June 2026.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
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        <item>
<title>Order under section 45(3)(b) of the Income Tax Act, 2025 read with Rule 35 of the Income Tax Rules, 2026</title>
<link>https://www.taxtmi.com/notifications?id=146517</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Approval for scientific research is granted to M/s Center for Incubation Innovation Research and Consultancy under section 45(3)(b) of the Income-tax Act, 2025 read with Rule 35 of the Income-tax Rules, 2026. The approval applies for five tax years, from Tax Year 2026-27 through Tax Year 2030-31.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
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        <item>
<title>Seeks to notify the 31st day of July, 2026 as the date to be notified as per section 112(1) read with section 112(3) of the HPGST Act, 2017</title>
<link>https://www.taxtmi.com/notifications?id=146509</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Appellate Tribunal filing timelines under the Himachal Pradesh Goods and Services Tax Act, 2017 are notified up to 31 July 2026 for specified appeals and applications. Appeals against orders communicated before 1 May 2026 and applications relating to orders passed before 1 February 2026 may be filed by that date. Later appeals continue to carry a three-month period from communication, while later applications carry a six-month period from the passing of the order.]]></description>
<category>GST</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>Employees’ Provident Funds Scheme, 2026</title>
<link>https://www.taxtmi.com/notifications?id=146221</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[The Employees' Provident Funds Scheme, 2026 supersedes the former Scheme and regulates mandatory membership, contributions, exemptions, Fund administration, transfers, nominations, withdrawals and electronic compliance for covered establishments. Employers must remit contributions and charges, including for contractual employees, maintain prescribed records and returns, and facilitate member identification and account access. Exempted establishments must maintain trustee governance, equivalent or superior benefits, electronic accounts, audits, compliant investments and timely claim settlement. The Scheme also provides rules for International Workers, partial and final withdrawals, payment of death benefits, inoperative accounts, and special enrolment, damages and exemption-regularisation measures.]]></description>
<category>TaxLaws</category>
<category>Notifications</category>
<category>TaxTMI</category>
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        <item>
<title>Employees' Pension Scheme, 2026.</title>
<link>https://www.taxtmi.com/notifications?id=146222</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[The Employees' Pension Scheme, 2026 supersedes the earlier family pension and pension schemes while continuing the Pension Fund Account and prior benefit administration. It regulates membership, employer and Government contributions, eligible service, pensionable wages, superannuation and early pension, withdrawal benefits, disablement pension, and family pension. Employers must remit contributions, maintain records, file returns, and comply with implementation directions. The Scheme also governs fund administration, exemptions, transfer values, claims settlement, and special totalisation and benefit rules for International Workers covered by social security agreements.]]></description>
<category>TaxLaws</category>
<category>Notifications</category>
<category>TaxTMI</category>
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        <item>
<title>Employees' Deposit-Linked Insurance Scheme, 2026</title>
<link>https://www.taxtmi.com/notifications?id=146220</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Employers must contribute to the Deposit-Linked Insurance Fund, make electronic monthly payments, cannot recover their contribution from employees, and must furnish employee information and records. On an employee's death, assurance benefit is payable in addition to provident fund accumulations, generally by reference to average provident fund balance, with separate enhanced provisions for continuous qualifying service. Benefits are paid to nominees, family members, or legally entitled persons through prescribed claims procedures. Exemptions require employee consent, approved group insurance providing more beneficial coverage, monthly reporting, inspection compliance, and employer responsibility where the insurer fails to pay.]]></description>
<category>TaxLaws</category>
<category>Notifications</category>
<category>TaxTMI</category>
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        <item>
<title>CORRIGENDA - Employees’ Provident Funds Scheme, 2026</title>
<link>https://www.taxtmi.com/notifications?id=146497</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=146497</guid>
<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[The Employees' Provident Funds Scheme, 2026 is corrected through textual, terminological and cross-reference amendments. The corrigenda standardise references to Employees' Provident Funds, clarify provisions concerning excluded employees, members, international workers, exempted provident funds, nominees and contributions, and correct references to the Provident Fund Act, 1925, the Code on Wages, 2019 and Rule 65. They also revise investment-loss terminology, account nomenclature, numbering, dates, campaign references and security classifications in Form-II.]]></description>
<category>TaxLaws</category>
<category>Notifications</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Seeks to continue anti dumping duty on imports of “Phthalic Anhydride” originating in or exported from China PR and Korea RP for a further period of 5 years pursuant to sunset review by DGTR</title>
<link>https://www.taxtmi.com/notifications?id=146504</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Anti-dumping duty on Phthalic Anhydride is continued for imports originating in or exported from China and Korea following findings of continuing dumping and likely injury to domestic industry if the duty ceases. The duty applies to specified origin-export combinations and all producers, at separate rates for Chinese and Korean goods. It remains effective for five years unless earlier revoked, superseded or amended, is payable in Indian currency, and uses the notified exchange rate applicable on presentation of the bill of entry.]]></description>
<category>Customs</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>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</title>
<link>https://www.taxtmi.com/notifications?id=146458</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Road and Infrastructure Cess applicable to petrol and diesel cleared for export is amended under the Central Excise exemption framework. The rate specified against serial number 2 of Notification No. 11/2026-Central Excise is substituted with Rs. 1.5 per litre. The amendment takes effect from its publication in the Official Gazette on 3 August 2026.]]></description>
<category>Excise</category>
<category>Notifications</category>
<category>TaxLaws</category>
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        <item>
<title>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</title>
<link>https://www.taxtmi.com/notifications?id=146456</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Special Additional Excise Duty on Aviation Turbine Fuel cleared for export is amended by substituting the applicable rate with Rs. 22 per litre in the relevant exemption notification. Issued under the Central Excise Act, 1944 read with the Finance Act, 2002, the amendment takes effect from its publication in the Official Gazette and modifies Notification No. 08/2026-Central Excise.]]></description>
<category>Excise</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Amendment in Notification No. 06/2026-Central Excise, dated the 26th March, 2026 - Special Additional Excise Duty on export of petrol and diesel</title>
<link>https://www.taxtmi.com/notifications?id=146455</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Special additional excise duty on exports of petrol and diesel is amended under the Central Excise exemption framework. The rate against serial number 1 is substituted with Rs. 3.5 per litre, while the rate against serial number 2 is substituted with Rs. 24 per litre. The amendments take effect from publication in the Official Gazette on 3 August 2026.]]></description>
<category>Excise</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Streamlining of Halal Certification Process for Meat and Meat Products</title>
<link>https://www.taxtmi.com/notifications?id=146502</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Halal certification requirements for exports of specified meat and meat products to Egypt are amended by extending the transition period for mandatory implementation of the India Conformity Assessment Scheme (i-CAS)-Halal to nine months from the earlier notification date. The extension facilitates system readiness and the onboarding and accreditation of Egyptian Halal certification bodies, while all other export requirements remain unchanged.]]></description>
<category>Customs</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>CORRIGENDA - Employees’ Pension Scheme, 2026</title>
<link>https://www.taxtmi.com/notifications?id=146498</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Corrigenda to the Employees' Pension Scheme, 2026 correct textual, terminological, numerical and cross-reference errors. They replace "security agreement" with "social security agreement", "pay" with "wages", and remove "by way of penalty" from the expression concerning employer damages. The corrections also revise the wage-ceiling terminology, aggregation wording, internal paragraph references, a reference to funds, and specified numerical entries.]]></description>
<category>TaxLaws</category>
<category>Notifications</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Introduction of Inventory-based Cross-border E-Commerce Export Framework under FTP</title>
<link>https://www.taxtmi.com/notifications?id=146495</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Inventory-based cross-border e-commerce exports may be undertaken through a DGFT-registered Exporter-on-Record holding export-only inventory procured from Indian GST-registered Sellers-on-Record against confirmed overseas buyer orders. Export Inventory must be separately identified, segregated and digitally traceable. The Exporter-on-Record must pay sellers within seven days of acceptance, may claim eligible Export Rebates and Refunds, and must distribute seller-attributable benefits proportionately after any administrative charge. It must manage and bear reverse-logistics costs, while returned or rejected consignments cannot enter the domestic market.]]></description>
<category>Customs</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>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</title>
<link>https://www.taxtmi.com/notifications?id=146244</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Exemption from tax deduction at source on aircraft lease rent applies to qualifying lease rent or supplemental lease rent paid to an IFSC Unit engaged in aircraft leasing that opts for the applicable deduction. The lessor must furnish and verify Form No. 1(N) for each selected tax year within twenty consecutive tax years. After receiving the declaration, the lessee must not deduct tax on qualifying payments and must report those payments in the prescribed tax-deduction statement. The exemption is limited to the declared period, and tax remains deductible for other years.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>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</title>
<link>https://www.taxtmi.com/notifications?id=146246</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=146246</guid>
<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[TDS exemption applies to lease rent or supplemental lease rent for a ship paid to a qualifying IFSC Unit engaged in ship leasing. The lessor must provide the lessee a verified Form No. 1(N) declaration for each tax year within its elected twenty consecutive tax-year deduction period. After receiving the declaration, the lessee may not deduct tax and must report the exempt payments in the applicable tax-deduction statement. The exemption is unavailable outside the declared period, for which tax deduction remains required.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>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</title>
<link>https://www.taxtmi.com/notifications?id=146282</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=146282</guid>
<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Specified payments to eligible IFSC Units may be made without tax deduction at source where the unit claims the section 147 deduction and furnishes a verified Form No. 1(N) declaration. Covered receipts include interest, professional or technical fees, commissions, brokerage, dividends and specified financial-service fees. The payee must remain a registered IFSC Unit, satisfy the applicable regulatory requirements, and declare its opted twenty consecutive tax years. The payer may stop deduction only after receiving the declaration and must report the non-deducted payments in the prescribed tax-deduction statement.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Notification Authorising Sharing of information regarding income-tax payers’ for identifying eligible beneficiaries for the Punyashlok Ahilyadevi Holkar Farmer Loan Waiver Scheme, 2026</title>
<link>https://www.taxtmi.com/notifications?id=146283</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=146283</guid>
<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Income-tax payer information sharing is authorised under section 258(1)(b) of the Income-tax Act, 2025. The Principal Secretary, Cooperation, Marketing and Textile Department, Government of Maharashtra, is specified for receiving information to identify eligible beneficiaries under the Punyashlok Ahilyadevi Holkar Farmer Loan Waiver Scheme, 2026.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>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</title>
<link>https://www.taxtmi.com/notifications?id=146328</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=146328</guid>
<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[The India-Sri Lanka double taxation agreement is amended to prevent tax evasion, avoidance and treaty shopping. Treaty benefits may be denied under a principal purpose test where obtaining the benefit was one of the principal purposes of an arrangement or transaction, unless granting the benefit accords with the object and purpose of the relevant treaty provisions. The Protocol applies to income for specified fiscal or taxable years following its entry into force and remains effective while the underlying agreement is in force.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Central Government specifies the Cost Inflation Index for the financial years 2026-27</title>
<link>https://www.taxtmi.com/notifications?id=146313</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=146313</guid>
<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[The Cost Inflation Index for financial year 2026-27 is specified as 384 under the Income-tax Act, 2025. It applies to tax year 2026-27 from 1 April 2026 and to subsequent tax years.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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        <item>
<title>Central Government specifies the bond as zero coupon bond</title>
<link>https://www.taxtmi.com/notifications?id=146333</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=146333</guid>
<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[The Central Government has specified the Ten Year Zero Coupon Bond of the National Bank for Financing Infrastructure and Development as a zero coupon bond for the purposes of the Income-tax Act, 2025. The bond has a ten-year life and is to be issued on or before 31 March 2028. The notification specifies its maturity or redemption amount, discount and proposed number of bonds, and remains effective subject to compliance with conditions under the Income-tax Act, 2025 and the Income-tax Rules, 2026.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>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</title>
<link>https://www.taxtmi.com/notifications?id=146329</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Tax exemption for specified income of the Delhi Pollution Control Committee applies to government grants or subsidies, statutory fees, environmental penalties and fines, and interest on surplus-fund deposits or investments. The exemption requires that the Committee undertake no commercial activity, retain the same activities and nature of specified income, and file the required income-tax return. Non-compliance may attract penal action and withdrawal of exemption. The notification has retrospective application for the stated assessment years.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>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</title>
<link>https://www.taxtmi.com/notifications?id=146332</link>
<guid isPermaLink="true">https://www.taxtmi.com/notifications?id=146332</guid>
<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Capital asset transfer between public sector companies is notified for the non-transfer exemption under clause (viiaf) of section 47 of the Income-tax Act, 1961, read with section 536(2) of the Income-tax Act, 2025. It covers the transfer of a capital asset by Nuclear Power Corporation of India Limited to Anushakti Vidhyut Nigam Limited under a Central Government-approved plan. The notification applies for financial year 2025-26, corresponding to assessment year 2026-27.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>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</title>
<link>https://www.taxtmi.com/notifications?id=146359</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Tax exemption is notified for the District Legal Service Authority, Jind, in respect of grants for legal-services purposes, court-ordered amounts, recruitment application fees and bank-deposit interest. The exemption operates under the preserved framework of the repealed Income-tax Act, 1961, for relevant pre-commencement tax years. It requires no commercial activity, unchanged activities and specified income, and compliance with income-tax return filing requirements. Non-compliance may result in penal action and withdrawal of exemption.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>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</title>
<link>https://www.taxtmi.com/notifications?id=146375</link>
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<pubDate>Mon, 10 Aug 2026 13:54:12 +0530</pubDate>
<description><![CDATA[Tax exemption applies to the specified income of the Kerala Headload Workers Welfare Board, Kochi, including government grants and loans, statutory levies, registration fees, employer deposits, member contributions, specified wages, loans-and-advances interest, and interest on those receipts. The exemption requires the Board to avoid commercial activity, retain the same activities and income character, and file its income return as required. Failure to meet these conditions may lead to penal action and withdrawal of exemption.]]></description>
<category>Income Tax</category>
<category>Notifications</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
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<item>
<title>TMI Updates - Newsletter dated: August 10, 2026</title>
<link>https://www.taxtmi.com/newsletter?id=08/10/2026</link>
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<description><![CDATA[Newsletter for tax updates and legal information]]></description>
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