Notifications

RBI has reduced the export proceeds realisation timeline from 15 months to 9 months under the amended FEMA Export of Goods and Services Regulations, 2026.

Export proceeds realisation period reduced from 15 to 9 months [Read Notification]

Judgement

The ITAT Mumbai held that the tax authorities cannot treat the disputed purchases as bogus, solely relying on the general information received from the Sales Tax Department without independent verification.

Entire Purchases Cannot Be Treated As Bogus Merely Relying on Information Received From Sales Tax Dept: ITAT

Articles

Taxpayers holding RBI Floating Rate Savings Bonds have been advised to carefully verify the interest income reflected in their AIS before filing ITR for Assessment Year 2026-27.

RBI Floating Rate Bond Interest Showing Only Half in AIS; Verify Income Before Filing ITR 2026

High Court denies anticipatory bail, citing need for custodial interrogation in corruption investigation.

HC Denies Anticipatory Bail in Alleged Panchayat Funds Embezzlement Case.

HC Denies Anticipatory Bail in Alleged Panchayat Funds Embezzlement Case

News

Reliance Infrastructure faces a Rs 77.86 crore bank account lien after a Customs Appeals order, and plans to appeal the decision.

Reliance Infra Bank Accounts Face Rs 77.86 Crore Lien After Customs Appeals Order

Employers must issue Form 16 by June 15, 2026, enabling salaried taxpayers to verify income, TDS, deductions, and other tax details before filing their income tax returns.

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Export proceeds realisation period reduced from 15 to 9 months [Read Notification]

Entire Purchases Cannot Be Treated As Bogus Merely Relying on Information Received From Sales Tax Dept: ITAT

RBI Floating Rate Bond Interest Showing Only Half in AIS; Verify Income Before Filing ITR 2026

HC Denies Anticipatory Bail in Alleged Panchayat Funds Embezzlement Case

Reliance Infra Bank Accounts Face Rs 77.86 Crore Lien After Customs Appeals Order

ITR Filing 2026: Why Form 16 Is Crucial Before Filing Your Return