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LatestIncome Tax 29 October 2026

India Tax Updates: Scams, Court Rulings, and New Regulations

A company secretary lost Rs 80 lakh to a fake tax notice, while a Delhi High Court dismissed a tax demand on a security guard for lack of evidence. The Supreme Court partially allowed appeals in an income‑tax reassessment case. Indians working in the UK may get tax‑free per‑diem from Indian employers if conditions are met. RBI proposes a ₹50 lakh LRS sub‑limit, and finance‑act sections 153‑155 become effective on 1 Nov 2026. A Kolkata hospital joins the CGHS network and a 3 % DA hike for central employees is under discussion.
  • Fake tax notice scam: A company secretary was duped of Rs 80 lakh via a counterfeit income‑tax notice. Details: Ahmedabad Mirror
  • Tax‑free per diem for Indians in UK: Under certain criteria, per‑diem paid by an Indian firm to employees working in the UK may be exempt in India. Read more: Economic Times
  • CGHS empanelment: Narayana Super Specialty Hospital in Howrah added to the CGHS Kolkata network effective 23 Oct 2026. Source: StaffNews
  • DA hike talk: Reports suggest a possible 3 % dearness allowance increase for central government employees. More info: Economic Times
  • Supreme Court decision: The court partially allowed appeals in an income‑tax reassessment case, limiting the scope of challenge. Full story: Lawtext
  • Delhi HC quashes tax demand: A tax demand against a security guard was dismissed due to lack of evidence. Details: Law Chakra
  • RBI LRS sub‑limit: RBI proposes a ₹50 lakh limit for liberalised remittance scheme transactions. Explanation: Live Mint
  • Finance Act sections 153‑155: New provisions come into force on 1 Nov 2026, affecting tax reporting and exemptions. Reference: CA Club India

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