Income Tax 1 November 2026
India Tax & Finance Updates
Recent developments in India include Bank of Baroda setting a Dec. 5 deadline for its shareholder director election, Rallis India accepting the resignation of its CRO amid a ₹408 crore tax demand, and the GST regime affecting 350cc+ motorcycles. The CBIC issued clarifications on pre‑deposit calculations under the CGST Act and on R&D and consultancy services, while new digital life‑certificate rules aid UPS pensioners. Additional reports highlight Mumbai’s $1 billion annual study‑abroad spend and a legal notice to filmmaker Ram Gopal Varma over ₹29.67 crore dues.
- Bank of Baroda sets Dec 5 nomination deadline for its EGM. Read more
- Rallis India accepts CRO Shraddha Shah's resignation and faces a ₹408 crore tax demand. Read more
- GST 2.0 slows sales of bikes 350cc and larger. Read more
- CBIC clarifies pre‑deposit calculation under CGST Sections 107 & 112. Read more
- CBIC issues GST clarifications on R&D and consultancy services. Read more
- UPS Jeevan Setu enables pensioners to submit digital life certificates. Read more
- Mumbai spends $1 billion annually on study abroad; India spends $9 billion. Read more
- Ram Gopal Varma served notice for ₹29.67 crore dues. Read more
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