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LatestIncome Tax 9 August 2026

India Business News

Diageo's whisky claim was misleading, RBI revises ANBC rules, CGST appeal limitation has new rules, BCC Fuba India schedules AGM, government refutes UPI fee rumors, and more news from India's business and tax world.

Diageo's whisky claim was misleading according to India's warning. The FSSAI notice stated that Diageo's mention of 'Scotch' was incorrect.
- The RBI has revised ANBC rules, keeping FCNR(B) and NRE-backed advances outside priority sector base.
- The CGST appeal limitation has new rules, with rectification time being excludible.
- BCC Fuba India has scheduled its 40th AGM for September 1, 2026, via video conference.
- The government has refuted rumors of UPI transactions being charged, citing that there are no fees for such transactions.
- The 8th pay commission has the latest news, with central government teachers demanding the old pension scheme and higher promotion quota.
- Common mistakes can trigger a notice from the tax department after ITR filing.

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India Business News | Legal Suvidha