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    LPG subsidy: Aadhaar biometric authentication mandatory for subsidised refills from Oct 1
    RBI orders removal of Maharashtra minister Babasaheb Patil, 7 others as directors of Latur DCC Bank
    US tariffs on Indian goods: A Chronology
    Graft case: Kerl BJP chief alleges 'fixed match' between Congress, CPM
    India's FTAs opening new career opportunities for youth: PM Modi
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    IDFC FIRST Bank introduces Zero Forex Markup across all its Credit Cards, existing and new.
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    OnEMI Technology Solutions Limited’s Board Approves Fundraise of approximately ₹832 Crore through a Preferential Issue of Securities
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    Protean launches next-generation KYC Onboarding & Reporting Solution at Global Fintech Fest 2026
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September 19, 2026
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Biometric Aadhaar authentication becomes essential for domestic LPG consumers seeking regulated subsidised refill bookings, while market-price supply remains available.
Biometric Aadhaar authentication is required from October 1 for domestic LPG consumers to book subsidised refills at the regulated retail selling price. Authentication can be completed through delivery personnel, distributor showrooms or designated mobile applications. Consumers unwilling or unable to authenticate may obtain LPG at the applicable market price without subsidy after registering their choice through specified digital channels. The framework distinguishes subsidised LPG linked to Aadhaar-authenticated consumers from market-priced LPG and seeks targeted subsidy delivery, reduced leakage, and prevention of diversion, duplicate connections and ineligible access.
September 19, 2026
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Cooperative bank director tenure limits require disqualification and removal when service exceeds the statutory maximum period.
Directors of District Central Cooperative Banks and Central Cooperative Banks are subject to a maximum 10-year tenure under the Banking Regulation Act, 1949, as amended by the Banking Laws (Amendment) Act, 2025. RBI directed removal of a director ineligible to continue under section 10A(2A)(i), read with section 56, following concerns that directors of Latur District Central Cooperative Bank had exceeded the permitted tenure.
September 19, 2026
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Tariff treatment of Indian exports shifted from reciprocal duties to targeted trade measures, sectoral duties, and specified exemptions.
Upon expiry of the temporary global measure, an India-targeted 10 per cent Section 301 tariff, linked to forced-labour concerns, replaced it; the effective charge for most covered exports remained MFN duty plus 10 per cent. The current regime applies the Section 301 tariff to Indian exports except specified goods, with separate sectoral duties on steel, aluminium and auto components. Smartphones, medicines and energy products are exempt.
September 19, 2026
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PMLA-based FIR request over alleged consultancy payments remains under legal examination amid criticism of non-registration.
Enforcement Directorate sought registration of an FIR concerning alleged fraudulent payments by Cochin Minerals and Rutile Ltd to Exalogic Solutions, represented as IT consultancy fees. The request relied on evidence gathered through investigation and searches under the Prevention of Money Laundering Act. Registration remained under consideration after receipt of the Advocate General's legal opinion, with the Home Department examining the matter.
September 19, 2026
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Free trade agreements expand market access, entrepreneurial partnerships and youth career opportunities alongside public-sector recruitment and development participation.
Free Trade Agreements are presented as mechanisms for expanding cross-border partnerships, market access for entrepreneurs, and career opportunities for young persons. Youth employment is also linked to the expansion of the startup ecosystem beyond major cities and to public-sector recruitment through Rozgar Melas. Newly selected candidates are to join central government ministries, departments and organisations. Public service is framed around citizen-centred administration and decisions supporting a developed and self-reliant India.
September 19, 2026
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AI governance for regulated financial services enables natural-language automation while preserving enterprise security, auditability, control, and scalable deployment.
Assist-Edge enables teams to describe intended processes in natural language and use AI to create, modify, and enhance executable workflows. Working with reusable AI agents and workflows, it supports discovery, customisation, deployment, and scaling of enterprise automation. For banking, financial services, and insurance operations, its use is positioned alongside security, governance, auditability, and control, supporting governed adoption of scalable AI capabilities and movement from isolated experimentation to enterprise-wide intelligent automation.
September 19, 2026
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Recurring token reward distributions connect eligible holdings, platform activity, and partner participation through hourly settlement cycles.
BC Engine permits eligible $BC holdings to participate in hourly settlement rounds distributing BCD rewards. Participants can monitor active balances, cumulative rewards, unclaimed BCD, and settlement history through the Engine interface. Settlement amounts vary with ecosystem activity, while the mechanism links platform activity, token utility, user participation, and commercial partners through repeated value distribution rather than one-time promotional incentives.
September 19, 2026
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Asset monetisation of surplus public land and buildings is accelerated through transparent, value-oriented processes and stakeholder coordination.
NLMC's Board recommended monetisation proposals involving surplus land and building assets valued at over Rs. 5,000 crore. Monetisation is facilitated through asset identification, due diligence, valuation and appropriate process structuring, with emphasis on transparency, efficiency and value realisation. Sustained coordination with asset-owning entities is intended to expedite implementation and support timely, commercially appropriate monetisation of underutilised public assets.
September 19, 2026
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Zero forex markup on credit cards applies automatically to international transactions without conditions while preserving applicable rewards.
Zero Forex Markup applies automatically to international transactions made through all existing and new credit cards, without a new-card application, upgrade, spending threshold or other stated condition. International card spends do not attract forex markup charges. Reward Points or Cashback, where applicable to the relevant card, continue on international transactions. Existing credit cards may be used for overseas and cross-border payments without requiring a separate forex card solely to avoid such charges.
September 18, 2026
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Foreign exchange reserve valuation reflects currency movements as foreign currency assets and gold holdings decline.
India's foreign exchange reserves declined to USD 780.782 billion for the week ended September 11, driven by reductions in foreign currency assets and gold holdings. Foreign currency assets fell to USD 645.796 billion, with their dollar value reflecting movements in reserve currencies against the US dollar. Gold reserves also declined, while Special Drawing Rights increased to USD 18.845 billion. The reserve position with the IMF stood at USD 4.916 billion.
September 18, 2026
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Bulk sugar stockholding limits now allow expanded inventories only where additional supplies derive from designated import channels.
Bulk sugar consumers using more than 10 tonnes monthly as a raw material may hold up to 30 days' requirement instead of 15 days. Holdings above 15 days must consist exclusively of sugar imported under the Tariff Rate Quota or Advance Authorisation Scheme; sugar obtained from the open market remains restricted to 15 days' consumption. Bulk consumers must declare and disclose their sugar inventories every Friday through the food ministry's online portal.
September 18, 2026
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Trade facilitation and digitalisation support regional economic cooperation through simpler customs procedures, paperless exchange, resilient supply chains, and MSME access.
Priority measures included expanded intra-SCO trade, lower trade costs, resilient and diversified supply chains, trusted multimodal connectivity, greater market access, simplified customs processes, paperless trade and electronic document exchange. Digital and cross-border payments and accessible trade finance were identified to enable MSMEs and start-ups to participate in trade and value chains. Ministers agreed an Action Plan for 2026-2030 for further approval and approved regulations for a special working group on creative-economy development.
September 18, 2026
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Customs cooperation and trade facilitation advance electronic origin verification, pre-arrival information exchange, and safeguards against preferential trade misuse.
Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.
September 18, 2026
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Preferential equity issuance approved to strengthen capital, support digital lending expansion, and fund subsidiary operations subject to required approvals.
OnEMI Technology Solutions Limited has approved a preferential issue of equity shares to identified investors, subject to shareholder and requisite regulatory and statutory approvals. The issuance is proposed under the Companies Act, 2013, the SEBI capital-issue and disclosure framework, other applicable SEBI regulations, and applicable law. Seventy-five per cent of the additional capital raised is proposed for infusion into its wholly owned subsidiary to support lending, technology, digital capabilities and product expansion, while the remaining twenty-five per cent is proposed for general corporate purposes.
September 18, 2026
Show AI Summary
Fraudulent input tax credit claims through bogus invoices prompted arrest over alleged invoicing without actual supply of goods.
Alleged fraudulent availment, utilisation and passing on of inadmissible input tax credit involved invoices from purported suppliers found to be non-existent, non-functional, suspended or cancelled. Input tax credit was allegedly claimed without actual receipt of goods and passed on through invoices unsupported by corresponding supplies. Following investigation and recorded statements, the proprietor of an iron and steel trading firm was arrested under statutory arrest powers, while further investigation remains in progress.
September 18, 2026
Show AI Summary
Direct tax collections: stronger advance tax payments support growth in corporate, non-corporate, and securities transaction tax receipts.
Direct tax collections grew through September 17, supported principally by increased advance tax payments from corporate and non-corporate taxpayers. Gross collections exceeded Rs 14.32 lakh crore, while net collections, after refunds, exceeded Rs 12.12 lakh crore. Corporate tax collections grew more strongly than non-corporate tax collections, and Securities Transactions Tax receipts recorded significant growth. The trend indicated broad-based tax buoyancy, supported by underlying economic activity, taxpayer confidence and business performance.
September 18, 2026
Show AI Summary
Reusable consent-based KYC enables integrated onboarding, reporting, record updates and periodic re-verification for regulated financial institutions.
Central KYC-based onboarding enables regulated financial institutions to reuse a customer's existing verified identity record through the Central KYC Registry with customer consent. The integrated solution supports onboarding, KYC reporting, unsolicited notifications and re-KYC. It retrieves consented KYC records through CKYC APIs, uses facial matching or video-based customer identification for authentication, and applies AI-based duplicate detection. Reporting automates validation, image correction and real-time registry submission, while record updates and simplified periodic re-verification support the currency of institutional KYC information.
September 18, 2026
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Benchmark interest rate normalisation raises borrowing costs while monetary policy monitors inflation, wage growth, currency risks, and economic recovery.
The Bank of Japan increased the uncollateralised overnight call rate from 1.0 per cent to 1.25 per cent, advancing monetary-policy normalisation after a prolonged period of near-zero or negative rates. The increase was assessed against gradual economic recovery, inflation near its target, wage growth, currency fluctuations, elevated crude oil prices, and external risks. Further tightening remains contingent on stable price increases, wage developments, and monitoring of other risks.
September 18, 2026
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Direct tax collections reflect stronger advance tax payments, alongside increased corporate tax, securities transaction tax, and refund issuance.
Net direct-tax collections exceeded Rs 12.12 lakh crore through 17 September, reflecting 13 per cent growth following increased advance-tax receipts. Gross direct-tax collections exceeded Rs 14.32 lakh crore, while refunds exceeded Rs 2.20 lakh crore. Corporate-tax and non-corporate tax collections increased, as did Securities Transaction Tax collections. Advance-tax receipts exceeded Rs 5.22 lakh crore, comprising increased corporate advance tax and non-corporate advance tax payments.
September 18, 2026
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Upper-layer NBFC listing compliance sharpens corporate governance conflict over public accountability, shareholder liquidity, and preservation of private ownership.
Tata Sons' status as an upper-layer non-banking financial company has brought its proposed public listing into focus after the Reserve Bank of India rejected its application to voluntarily surrender core investment company registration. Tata Sons is required to take steps to comply with the enhanced regulatory framework applicable to upper-layer NBFCs, which includes stock-market listing. Classified in 2022, Tata Sons did not meet the original listing deadline and had pursued deregistration after repaying debt.

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World Future Energy Summit 2026 to spotlight potential of AI in Middle East’s clean energy sector

November 27, 2025

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• AI will be key enabler for countries to achieve national clean energy goals • AI technologies help companies reduce energy consumption by as much as 60% • Artificial Intelligence Conference to explore ways to tackle AI’s energy footprint Abu Dhabi, UAE - November 27, 2026: As artificial intelligence emerges as a transformative force in the clean energy sector, the World Future Energy Summit 2026 will spotlight its vast potential to reshape energy production, transmission, and efficient, data-driven distribution. Running from January 13-15 at Abu Dhabi National Exhibition Centre (ADNEC), the three-day show is an integral part of Abu Dhabi Sustainability Week 2026. With the theme of AI running across all seven conference tracks at this year’s show, the 2026 edition will build on that momentum, raising the bar with the launch of the FUSE AI Zone, a dedicated platform where more than 40 companies will showcase cutting-edge AI solutions to drive clean energy, smart infrastructure, and climate resilience. The event will also incorporate the inaugural Artificial Intelligence Conference, a forum exploring how AI can be responsibly harnessed to accelerate progress across the energy, infrastructure, and smart cities sectors. Gathering thought leaders, innovators, and policy influencers, the Summit will laser in on AI’s predictive power and its ability to optimise the management of clean energy flows, providing a vital technical boost to help low-carbon systems scale effectively. Using AI to Accelerate Technical Breakthroughs In the Middle East and North Africa (MENA), AI adoption is accelerating across multiple areas, from grid and demand-response management to sector coupling and system maintenance. Advances in forecasting and energy storage are also enhancing performance, enabling companies to deliver renewable energy with greater efficiency and reliability. Yet important questions remain about how best to unlock AI’s full potential to power the sustainable energy systems of the future. For example, can AI make up for shortcomings in energy policy that hold back the transition to carbon-free energy? Can it accelerate innovation to enable researchers and entrepreneurs to more rapidly test and prove technologies that make a direct impact on decarbonisation? These pressing issues, plus the potential of AI to advance the exploration of mineralisation for carbon capture, will be addressed by leading experts at January’s World Future Energy Summit, now globally recognised as the world’s premier business event focused on future energy and sustainability. The UAE's clean energy goals, driven by its Net Zero by 2050 Strategic Initiative, involve increasing clean energy to 50 per cent of the total energy mix by 2050, reducing carbon emissions by 70 per cent, and tripling renewable energy capacity by 2030. AI will be a key enabler for achieving these clean energy targets across the region. The World Future Energy Summit and Abu Dhabi Sustainability Week’s Advisory Committee’s 2025 AI and Technology Insights Report supports this, stating that AI can significantly enhance the efficiency and reliability of clean energy and infrastructure networks both regionally and globally. According to the report, smart grid algorithms can accurately predict and then balance electricity supply and demand in real time, integrate renewables, and reduce the need for constructing new power plants. Investment in digital infrastructure and skills is key, however, so that utilities can harness data for grid optimisation and predictive maintenance. Driving Energy Efficiency in Homes and Businesses The 2026 edition will also highlight the growing role of AI in enhancing energy efficiency within buildings. According to the World Economic Forum, AI technologies are already helping companies reduce energy consumption by up to 60 per cent in some cases. While the industry has only just begun to tap into AI’s full potential in this field, the opportunities for progress are vast. Through panel discussions and keynote sessions, a powerhouse of industry experts will explore the key challenges and opportunities surrounding energy efficiency in homes and businesses across the MENA region and beyond. Speakers will discuss how new AI- and automation-powered design tools can help create spaces that are energy-, water- and people-efficient, all while staying within budget. They will also examine how smart software can rapidly test design options to identify solutions that cut costs and reduce environmental impact. Additional sessions will address how innovation, collaboration, and resilient supply chains can help build sustainable urban futures. Shyam Parmar, the Summit’s Event Director, added: “By bringing together some of the brightest minds from across the global energy landscape, the World Future Energy Summit plays a pivotal role in unlocking the vast potential of artificial intelligence, not only to drive greater energy efficiency in homes and businesses, but to accelerate progress across the entire clean energy and sustainability ecosystem. “The new FUSE AI Zone and Artificial Intelligence Conference provide an unparalleled platform for knowledge exchange, collaboration, and lively debate on how AI can be deployed responsibly and effectively. These conversations are vital to advancing the AI agenda and ensuring companies can fully harness their capabilities to meet clean energy ambitions. By facilitating this dialogue, we’re helping to translate innovation into action, and turning bold ideas into tangible outcomes that move the world closer to a sustainable energy future.” Understanding AI’s Energy Consumption AI’s transformative potential is undeniable, yet credible estimates project AI-related electricity consumption could grow by as much as 50 per cent each year from 2023 to 2030. The electricity demand of data centres is also projected to grow, from one per cent of global energy demand in 2022 to more than three per cent by 2030. In January 2025, Masdar and Emirates Water and Electricity Company announced the launch of the world’s first large-scale round-the-clock giga-scale project, combining solar power and battery storage in Abu Dhabi. Delivering up to one gigawatt of baseload power every day generated from renewable energy, it will be the largest combined solar and battery energy storage system in the world. According to the 2025 AI and Technology Insights Report, such projects could redefine how critical AI systems are powered, eliminating the need for fossil fuel-backup. By connecting to clean energy sources, AI data centres could operate with near-zero carbon emissions, marking a major step towards a more sustainable digital future. The Summit will explore ways to tackle AI’s energy footprint with a dedicated panel session on actionable strategies to realign AI growth with climate goals, balance energy consumption, and drive sustainable innovation without sacrificing usability. “AI’s role in climate and environmental systems is expanding rapidly and understanding how to guide that growth is becoming just as important as advancing the technology itself,” said Mehdi Ajana, Head of Strategy at Nabat. “At the World Future Energy Summit, we’ll look at practical, data-driven approaches, from improving habitat classification and health assessment model accuracy, to monitoring carbon and biodiversity metrics that help align AI innovation with measurable climate outcomes”. “It’s a great opportunity for like-minded organisations to come together, listen, learn, and explore what’s possible and to understand how AI can be deployed responsibly to accelerate real progress towards global sustainability goals.” Paving the Way to a Sustainable Future The 2026 edition of the World Future Energy Summit will also explore the role of AI in healthcare, food security, and weather modelling, with a keynote presentation on Earth Two Climate, G42, and NVIDIA’s new AI-powered weather forecasting solution that accurately gauges weather conditions down to a single square-metre. This is invaluable to farmers and smart agriculture planners, who can make more informed decisions on crop choices, yield expectations, maintenance procedures, and more. From cutting energy waste to improving health outcomes and driving farming efficiencies, AI is a powerful means to accelerate sustainability solutions. According to the 2025 AI and Technology Insights Report, however, it must be guided by clear human-defined goals: “Technology deployments should focus on solving real problems rather than adopting AI for AI’s sake”. That means human oversight, strategic vision, and multidisciplinary collaboration should be seen as essential in order to convert AI’s promise into tangible progress, paving the way to a cleaner, greener, and more sustainable future. The World Future Energy Summit 2026, hosted by Masdar and part of Abu Dhabi Sustainability Week, will take place from January 13–15 at ADNEC Centre Abu Dhabi. For visitor registration, visit: https://www.worldfutureenergysummit.com/en-gb/register-now.html - ENDS - World Future Energy Summit: As the largest event during ADSW, the World Future Energy Summit continues to be a driving force for innovation, collaboration, and thought leadership in renewable energy and sustainability. Now entering its 18th edition, the Summit has established itself as a vital platform bridging policy with real-world action and business growth. The 2026 edition, taking place from 13–15 January, will feature more than 800 global brands, the dynamic Greenhouse start-up zone, the Fuse AI cleantech pavilion, and the debut of the Greenpeace Cinema. Over three days, attendees will have the opportunity to join conferences led by 300+ industry experts, explore nine exhibition halls showcasing breakthrough products and solutions, and connect with more than 50,000 participants from across the globe. About Abu Dhabi Sustainability Week Abu Dhabi Sustainability Week (ADSW) is a global platform supported by the UAE and its clean energy leader, Masdar, to address the world’s most pressing sustainability challenges through crucial conversations accelerating responsible development and fostering inclusive economic, social and environmental progress. For more than 15 years, ADSW has convened decision-makers from governments, the private sector and civil society to advance the global sustainability agenda through dialogue, cross-sector collaboration and impactful solutions. Throughout the year, ADSW conversations and initiatives facilitate knowledge sharing and collective action that will ensure a sustainable world for future generations. About Masdar Established in 2006, Masdar (Abu Dhabi Future Energy Company) is a global clean energy leader, transforming how the world produces and consumes energy through bold innovation and commercial excellence. Masdar is a clean energy investor, developer and operator, advancing renewable energy projects across key markets and technologies, with a global project portfolio capacity to date of over 51 gigawatts (GW). Jointly owned by TAQA, ADNOC and Mubadala, Masdar is driving the scale-up of renewables worldwide, targeting a portfolio capacity of 100GW by 2030. Contact: For media inquiries, please contact: [email protected] | For more information, please visit: https://www.masdar.ae and connect: facebook.com/Masdar.ae and twitter.com/Masdar (Disclaimer: The above content is a press release and PTI takes no editorial responsibility for the same.). PTI

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