LatestIncome Tax 10 November 2026
India Tax Updates: Inheritance, Refunds, and Bonuses
Recent Indian tax developments include a new amendment clarifying state‑specific inheritance rules for NRIs, a Supreme Court decision allowing state appeals on sales tax refunds, upgrades to the Modified Assured Career Progression Scheme, a Gujarat proposal to elevate Dholka MDG to HPO, amendments to the Schedule of Appointing, Disciplinary and Appellate Authorities, a Delhi police notice for Mamata Banerjee in a longstanding case, clarified Diwali bonus exemption limits under the new tax regime, and detailed tax treatment of full and final settlements when changing jobs.
- NRI inheritance: India has no general inheritance tax; new amendment lists state‑specific rules. Read more
- Supreme Court sales tax refund: Court permits state appeal on refund cases due to lack of review provision. Details
- Career progression scheme upgrade: Modified Assured Career Progression Scheme (MACPS) sees station upgrades per recent notice. Info
- Gujarat MDG upgrade proposal: Proposal to upgrade Dholka MDG to HPO simultaneously with other changes. Source
- SADA amendment: Gazette notification amends Schedule of Appointing, Disciplinary and Appellate Authorities. Read
- Mamata Banerjee police notice: Delhi police issue notice for 13‑year‑old case, she must appear as witness. Article
- Diwali bonus exemption: New tax regime sets limits on taxable bonuses and gifts for salaried staff. Guide
- Full & Final payout tax rules: Clarifies taxable components when switching jobs and receiving settlement. Read
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