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Income Tax 2 October 2026

India Tax Updates: TDS Changes, RoDTEP Extension, GST Notice & More

India's tax landscape sees several key shifts: new contractor TDS rates for FY 2026‑27 under Section 393, a possible extension of the RoDTEP exporter rebate scheme, a GST show‑cause notice to ICICI Bank for a ₹229 crore demand, and multiple Supreme Court notices affecting tax litigation. Additionally, the income‑tax calendar for October 2026 has been updated with extended audit and filing deadlines, while small‑savings interest rates remain unchanged for the Oct‑Dec quarter FY 2026‑27.

TDS on Contractors FY 2026‑27 – New rates and limits under Section 393. Details here.

Potential RoDTEP extension – Government may prolong exporter rebate scheme launched in 2021. Read more here.

ICICI Bank GST notice – Show‑cause notice for a ₹229 crore GST demand. Full story here.

Tax certainty push – Commentary on India's corporate advantage via stable tax environment. See article here.

Supreme Court activity – Notices on Calcutta HC OBC certificate case and S. 16(2)(c) GST Act. Links here and here.

Bharat Bijlee tax demand – ₹58.30 lakh demand for AY 2020‑21. Details here.

Income‑tax calendar Oct 2026 – Extended audit deadline to Oct 21 and updated filing dates. Info here.

Small savings interest rates unchanged – No change for Oct‑Dec quarter FY 2026‑27. Read here.

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