LatestIncome Tax 1 October 2026
South Asia Tax & Market Updates October 2026
India extends its tax audit filing deadline to October 21 and introduces new UPI‑based rules, while Pakistan imposes a sales tax on every kilowatt‑hour of electricity. Automatic EPF pension enrollment is rolling out under higher wage caps, and small‑savings interest rates have been adjusted for Q3 FY 2026‑27. A senior citizen secured a Rs 9.91 lakh refund after being taxed on tax‑free bonds. The RoDTEP export refund scheme may be extended, Cyber Media plans a legal fight against a Rs 97.16 lakh demand, and investors receive steps to manage paused international SIPs as NIFTY 50 slipped 6% in September.
- Tax audit deadline extended: Indian taxpayers now have until October 21 to file audit reports under the new UPI rules. (source)
- Pakistan electricity tax: The Federal Board of Revenue has added a sales tax on each unit of electricity consumed. (source)
- Automatic EPF pension enrollment: New wage ceilings trigger automatic enrollment for EPF members. (source)
- Small‑savings interest rates revised: Rates for Q3 FY 2026‑27 have been updated across schemes. (source)
- Tax‑free bond refund: A senior citizen received a Rs 9.91 lakh refund after mistakenly paying tax on tax‑free bond interest. (source)
- RoDTEP scheme extension: The export‑refund scheme launched in 2021 is likely to be prolonged. (source)
- Cyber Media tax challenge: The outlet is preparing a legal fight against a Rs 97.16 lakh demand from Tamil Nadu tax authorities. (source)
- International SIP guidance: Four steps to keep global SIPs on track despite recent pauses. (source)
- Market snapshot: NIFTY 50 fell 6% in September; Coal India, Adani Ports, and Dr Reddy’s posted gains up to 13%. (source)
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