The Government has fixed 31 July 2026 as the last date for filing GST Appellate Tribunal appeals and applications in specified older cases, while preserving the statutory filing timelines for later orders.
DGFT has extended the eligibility period under Component II of the RELIEF intervention until 30 September 2026. The amendment supports exporters by addressing logistics disruptions arising from the continuing West Asia Crisis.
CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notification also prescribes compliance requirements, including filing Form 15 and issuing Form 16 to donors.
CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval is valid for tax years 2026-27 to 2030-31, subject to prescribed compliance and reporting conditions.
RBI has revised customer protection rules for Rural Co-operative Banks by introducing stronger safeguards against fraudulent electronic banking transactions, including zero-liability provisions, mandatory alerts, and enhanced compensation mechanisms.
The amended Directions provide customers with zero liability where fraud results from bank negligence or timely reported third-party breaches. Urban Co-operative Banks must also ensure prompt complaint resolution, transaction reversal, and improved fraud prevention mechanisms.
RBI has overhauled customer protection rules for Regional Rural Banks by introducing stronger fraud prevention measures, zero-liability provisions, and mandatory compensation mechanisms for eligible victims of electronic banking fraud.
The RBI has amended its Responsible Business Conduct Directions to introduce a detailed framework for handling fraudulent electronic banking transactions in Local Area Banks. The Directions define customer and bank liabilities, mandate fraud reporting systems, and establish compensation and grievance redressal mechanisms.
The amended Directions entitle customers to zero liability where fraud occurs due to bank negligence or timely reported third-party breaches. Payments Banks must also provide prompt transaction reversals, investigate complaints within prescribed timelines, and strengthen fraud prevention systems.
RBI’s 2026 amendment introduces stronger safeguards for Small Finance Bank customers, including zero-liability protection, mandatory fraud alerts, compensation for eligible victims, and stricter fraud reporting obligations.
