Income Tax 5 November 2026
India Tax Moves Spark Debate on Capital Flows and Investor Relief
June's tax reforms exempted interest income to lure foreign capital, but analysts call it a temporary fix. FICCI pushes to restore LTCG exemption on listed shares, while Clean Max's subsidiary wins a Rs 654 mn tax appeal. Courts upheld state sales‑tax powers and set arbitration steps for Allied Blenders, and guidance on gold holdings aims to avoid income‑tax seizures.
Tax cuts: June package exempted interest income to attract foreign funds. (Indian Express)
- LTCG exemption push: FICCI asks government to restore long‑term capital gains tax exemption on listed shares. (Times of India)
- Clean Max win: Surya Energy Photovoltaic India Pvt Ltd successfully appealed a ₹654.45 million tax demand. (StudyCafe)
- Allied Blenders notice: Bombay High Court appointed a sole arbitrator in an employment dispute. (StudyCafe)
- Supreme Court ruling: States can levy additional sales tax and surcharge under the pre‑GST regime. (Economic Times)
- Gold holding guidance: Advises how much gold jewellery can be kept at home without triggering income‑tax seizure. (Economic Times)
- Foreign investor concern: Investors face higher tax burdens abroad, affecting India’s inflow appeal. (Economic Times)
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