LatestIncome Tax 12 November 2026
India Tax & Finance Updates: Courts, SIPs, Visa, KYC
The Supreme Court declined to lift Section 163 BNSS prohibitory orders, while investors halted more SIPs than they started in October amid new tax rules. Seven high‑interest schemes remain limited to old‑regime taxpayers. Visa categories were cut from 13 to 9, and application forms simplified. Delhi Telecom staff face a Rs 9.2 crore tax notice over stolen PAN data, and net direct tax collections jumped 11.76% to ₹14.42 lakh crore. SEBI now mandates upgraded KYC and tax‑reporting systems for market intermediaries.
Key updates
- Supreme Court bench refused to lift Section 163 BNSS prohibitory orders; notice board may be returned. Read more
- October saw more investors stop SIPs than start new ones, highlighting impact of new tax regime. Read more
- Seven investment schemes, including SCSS, NSC, RBI floating‑rate bonds, offer 7.5%+ returns, but only for old‑tax‑regime investors. Read more
- Ministry of Home Affairs reduced visa categories from 13 to 9 and cut application form fields by up to 70%. Read more
- Delhi Telecom staff hit with a Rs 9.2 crore tax notice over stolen PAN data. Read more
- Net direct tax collections rose 11.76% to ₹14.42 lakh crore as of Nov 10. Read more
- SEBI directed market intermediaries to upgrade KYC and tax‑reporting systems under new income‑tax rules. Read more
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