Income Tax 9 September 2026
India Tax Updates: Court Ruling, UPI Fees, PLI Hold & More
India’s tax landscape shifts: Gujarat High Court lifts a GST notice on Naroda Enviro; Parliament passes a bill to allow UPI charges; the executive PLI scheme for public banks is paused. Veegaland reports EBITDA, the 8th Pay Commission’s tax rules affect ex‑employees, Arihant Institute posts 23% profit rise, a new mining law targets sector revival, foreign salary NRE rules tighten, and a taxpayer wins relief on a Section 44AD cash credit‑card case.
High Court quashes GST notice – The Gujarat High Court rejected a GST show‑cause notice against Naroda Enviro, confirming its charitable status. (source)
- Veegaland EBITDA – Management discussions reveal EBITDA figures and financial performance details for the fiscal year. (source)
- 8th Pay Commission tax impact – New terms of reference affect tax savings for ex‑employees under the old regime. (source)
- UPI charging possibility – Parliament’s Taxation and Other Laws (Amendment) Bill, 2026 amends the Payments Systems Act, allowing future UPI fees. (source)
- Executive PLI scheme on hold – The government pauses the PLI scheme for public sector banks, hailed by AIBOC as a collective win. (source)
- Arihant Institute profit jump – FY26 results show net profit up 23% and revenue up 43%, with disclosed tax dues. (source)
- ITR filing checklist – A month‑wise guide for salaried taxpayers preparing for the July 2027 filing season. (source)
- New mining law – Proposed amendment to the Mines and Minerals Act aims to rejuvenate India’s mining sector. (source)
- Foreign salary NRE rule – Delhi tax appeals court rules that foreign salary remitted to an NRE account cannot be labeled as unexplained investment. (source)
- Section 44AD relief – Taxpayer successfully challenges a cash credit‑card tax addition at ITAT, securing relief. (source)
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