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LatestIncome Tax 4 November 2026

India Tax Reforms Heat Up Ahead of 2027 Changes

India is gearing up for major tax shifts as the government pushes a friendlier regime to attract foreign portfolio investors, raises the GST e‑invoice threshold to five crore rupees effective January 2027, extends the income‑tax filing deadline to November 21, 2026, and considers SEBI's proposal to waive long‑term capital gains tax for mutual‑fund switches, while senior citizens face updated withholding and GST rules.

Foreign Investor Tax Regime – The Indian Express editorial urges a friendlier tax framework to boost capital inflows. Read more

GST e‑Invoice Threshold – From Jan 2027, the GST e‑invoice rule lifts the mandatory threshold to ₹5 crore, adding new ITC and RCM provisions. Details

ITR Filing Extension – The income‑tax filing deadline for AY 2026‑27 is now Nov 21, 2026 for businesses and professionals. Source

LTCG Relief Proposal – SEBI suggests exempting long‑term capital gains tax for mutual‑fund investors who switch funds, aiming to ease portfolio rebalancing. Read

Senior Citizen Tax Tips – New guidelines highlight key tax considerations for seniors above 60, including withholding tax and GST return changes. Info

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