An elderly investor who put Rs 3 crore into tax‑free bonds mistakenly paid tax on Rs 25.42 lakh of interest. The Delhi tax tribunal ruled in his favor, ordering a refund of Rs 9.91 lakh, citing a misinterpretation of tax‑exempt provisions. Chartered Accountant Ashish Niraj highlighted the case as a reminder for investors to verify tax liabilities on bond earnings.

The government amended the Terms of Reference for small savings schemes, revising interest rates for Q3 of FY 2026‑27. The update affects pension and family pension returns and other schemes under income‑tax and JCM codes.

India’s Employees’ Provident Fund (EPF) scheme will now automatically enroll workers whose wages fall below the newly raised ceiling, expanding coverage beyond previous limits. The move aims to boost retirement savings for a larger share of the workforce, with employers required to register eligible staff through the EPF portal starting next quarter.

The Federal Board of Revenue in Pakistan has issued a fresh notification amending SRO 1245, which changes the sales tax rates applied to electricity consumption. The revised rates affect residential, commercial and industrial users, increasing the cost per unit of power. This move aims to boost tax revenues but is expected to raise electricity bills for consumers across the country.

The Indian tax authority has moved the tax audit filing deadline from Sept 30 to Oct 21, giving businesses more time. The shift aligns with new payment rules replacing LPG with UPI, effective Oct 1, to smooth the transition.

India extends its tax audit filing deadline to October 21 and introduces new UPI‑based rules, while Pakistan imposes a sales tax on every kilowatt‑hour of electricity. Automatic EPF pension enrollment is rolling out under higher wage caps, and small‑savings interest rates have been adjusted for Q3 FY 2026‑27. A senior citizen secured a Rs 9.91 lakh refund after being taxed on tax‑free bonds. The RoDTEP export refund scheme may be extended, Cyber Media plans a legal fight against a Rs 97.16 lakh demand, and investors receive steps to manage paused international SIPs as NIFTY 50 slipped 6% in September.