Income Tax 14 October 2026
India Tax, RBI Moves, Legal Updates Spark Market Rebound
Recent developments across India show courts ruling on a landlord‑tenant deposit dispute, the finance ministry opening debate on long‑term capital gains and securities transaction tax, the RBI unveiling a four‑step plan to stabilise the rupee, and regulatory deferments on high‑value UPI fees. Meanwhile the NHRC has issued notices over an activist killing, the Supreme Court hears an export‑tax appeal, and ICSI seeks an extension for MCA filing deadlines, all influencing market sentiment and investor confidence.
- Delhi High Court orders a shop tenant to vacate and pay back a Rs 10 lakh security deposit after the landlord illegally held it. (source)
- Finance Minister Nirmala Sitharaman acknowledges public debate on long‑term capital gains (LTCG) tax and securities transaction tax (STT) but makes no budget promises. (source)
- RBI outlines a four‑step plan aimed at a stronger rupee, including tighter liquidity management and foreign exchange interventions. (source)
- The mandatory dispute resolution (MDR) fee on UPI transactions above Rs 2,000 is postponed until after Diwali, easing payment costs for large transfers. (source)
- NHRC issues notices to Chandigarh’s chief secretary and DGP over the alleged killing of an anti‑drug activist, raising human‑rights concerns. (source)
- Supreme Court hearing on the taxability of intermediary services for exports could reshape GST and export duty rules. (source)
- ICSI requests the MCA extend the annual filing deadline to Dec 31, 2026 without extra fees, citing recent CBDT circulars. (source)
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