Income Tax 25 October 2026
India Tax Updates: Recruitment Rules, Treaty Changes, Court Rulings
Recent Indian fiscal developments include an amendment to Group C recruitment rules, a revised India‑Mauritius tax treaty that adds an anti‑abuse test for legacy investments, Karnataka High Court clarification on Section 148A reassessment notices, RBI's updated leverage ratio framework for banks, and upcoming GST reforms effective November 1. These changes impact government hiring, cross‑border capital gains, tax dispute procedures, banking capital standards, and indirect tax compliance across the country.
- Group C Recruitment Amendment: The StaffNews release details updated rules for hiring Store/Administrative Assistants under Group C, affecting departments like Income Tax, JCM, and Kendriya Vidyalaya Sangathan. Read more
- India‑Mauritius Tax Treaty Update: The new treaty introduces an anti‑abuse test but keeps existing tax rates unchanged; capital gains on shares bought before 1 April 2017 remain eligible for benefits. Read more
- Karnataka High Court on Section 148A: Clarifies the scope of show‑cause notices for reassessment, emphasizing the need for proper procedural compliance. Read more
- RBI Leverage Ratio Revision: RBI aligns commercial banks with Basel III (2017) standards, tightening leverage ratio calculations. Read more
- GST Reforms Effective 1 Nov: New phases will enforce sections 54(10) and 54(11) of the CGST Act, with updated notification rates. Read more
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