Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    RBI Strengthens Framework on Unauthorised Electronic Banking Transactions
    RBI, IRDAI and SEBI Intensify Measures to Help Citizens Reclaim Unclaimed Deposits
    I-PAC raids: SC quizzes Bengal govt, says ED officers also have fundamental rights
    Guidance Note – Form 4
    AI Wealthtech Startup Novelty Wealth Raises $1.4M Led by IndiaQuotient to Scale their Wealth Advisory Platform for Indian investors
    Form 4 – Frequently Asked Questions
    ED identified Rs 36,000 crore in cybercrime proceeds in 257 cases till Feb 28: Govt
    Guidance Note – Form 3
    Punjab Governor highlights Aadhaar as key to transparent service delivery
    After Zomato, Swiggy hikes platform fee by 17 pc to Rs 17.58 per order
    Lekhakar Launches End-to-End Accounting Outsourcing Services for Indian SMEs, Reporting 40% Rise in GST and Payroll Compliance Demand
    Form No. 3 – Frequently Asked Questions (FAQs)
    Guidance Note – Form 2
    Iran war halts Marathwada turmeric exports, prices drop in domestic market
    The Banker Media Announces Asia’s Leading Annual Summit for Urban Cooperative Banks in Lucknow
    Form No. 2 – Frequently Asked Questions (FAQs)
    Guidance Note – Form 1
    Form No. 1 – Frequently Asked Questions
    FAQs on Interplay and Transition from the Income Tax Act, 1961 to the Income Tax Act, 2025
    Alkami Expands India Engineering Hub to Support Next Phase of Digital Banking Innovation
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
March 24, 2026
Show AI Summary
Unauthorised electronic banking transactions framework updated with compensation, AI fraud detection, and stronger mule account safeguards.
RBI has revised its framework on unauthorised electronic banking transactions, including a proposed compensation mechanism for small-value fraudulent transactions, to update customer-liability rules in response to technological change. The broader framework also relies on AI-driven fraud detection, mule account surveillance, real-time transaction monitoring, and public financial literacy campaigns to curb cyber fraud and strengthen safe banking practices.
March 24, 2026
Show AI Summary
Unclaimed financial assets: regulators expand digital portals, nomination reforms and simplified claim processes to help rightful claimants trace funds.
Measures by RBI, IRDAI and SEBI simplify identification, tracing and settlement of unclaimed financial assets through claim reforms, digital portals, nomination requirements and awareness drives. RBI has consolidated claim directions, introduced an incentive scheme, supported common application procedures and launched UDGAM; IRDAI and SEBI have adopted similar tracing, documentation and portal-based mechanisms for insurance proceeds and mutual fund amounts. Banks transfer long-inactive balances to the DEA Fund, and a nationwide campaign supported restitution of unclaimed assets to rightful owners.
March 24, 2026
Show AI Summary
Fundamental rights of ED officers shape maintainability debate over alleged obstruction during a money-laundering raid.
Maintainability of the ED's plea was examined in relation to alleged obstruction during a money-laundering raid at the I-PAC office. The issue was whether ED officers, acting in their individual capacity, could invoke fundamental rights under Article 32 and whether the petition had to identify the specific right allegedly violated. Arguments also addressed whether obstruction of statutory duties amounts to a constitutional violation and the relevance of Section 66 of PMLA in the context of the investigation and reporting of related offences.
March 24, 2026
Show AI Summary
Transfer of assets in India reporting requires accountant-certified Form 4, electronic filing, and cross-verification of returned income.
Form 4 is an accountant's report for income attributable to transfer of assets located in India under section 9(10), filed once in a tax year along with the return of income. It captures taxpayer details, transfer particulars, income derived, values of Indian and global assets, valuation methodology, and supporting documents such as valuation reports, financial statements, and sale documents. The form is filed electronically with UDIN and digital signature, and is used for cross-verification of income offered in the return.
March 24, 2026
Show AI Summary
AI wealth intelligence platform scales regulated fee-only advisory for Indian investors with unified financial insights.
A SEBI-RIA licensed wealth management platform has raised seed funding to scale a purpose-trained AI wealth intelligence product for Indian investors. The platform aggregates financial data across banks, brokerages, mutual funds, and other accounts into a unified view of assets, liabilities, portfolio performance, risk exposure, diversification, and concentration, and presents structured, actionable insights for personal finance decision-making. It operates on a zero-commission, fee-only advisory model aligned with investor interests.
March 24, 2026
Show AI Summary
Income attributable to transfer of assets in India requires an accountant's report filed online with UDIN and a valid PAN.
Form 4 is an accountant's report for computing income attributable to transfer of assets located in India, to be filed once in a tax year along with the return of income through the e-filing portal with a valid PAN and UDIN. The form requires supporting valuation, financial, and sale-related documents, cannot be edited after submission, and does not require proof of tax payment at filing, though payment evidence may be needed for return processing.
March 24, 2026
Show AI Summary
Cybercrime investigation coordination under money laundering law expands through data-sharing platforms, FIR access, and victim-centric complaint handling
The Enforcement Directorate has identified proceeds of crime in cybercrime investigations under the Prevention of Money Laundering Act, while sharing information with other law enforcement agencies through nodal officers and under Section 66(2) when relevant contraventions are noticed. It also uses the SAHYOG, Samanvaya and cyber police portal, along with the Inter-operable Criminal Justice System portal, for cybercrime data sharing, analytics and access to FIRs. A standard operating procedure has been issued for complaints through the National Cybercrime Reporting Portal and the Citizen Financial Cyber Fraud Reporting and Management System.
March 24, 2026
Show AI Summary
Zero Coupon Bond compliance reporting under Form 3 requires accountant certification of investment use, timelines, and sinking fund maintenance.
Form 3 under Rule 7 is the accountant's certificate for notified Zero Coupon Bonds issued by infrastructure capital companies, infrastructure capital funds, infrastructure debt funds and public sector companies. It certifies, for each relevant tax year, the amount of bond proceeds actually invested and verifies compliance with the prescribed utilisation timelines, minimum investment thresholds and, for infrastructure debt funds, maintenance of a sinking fund and investment of accrued interest in Government securities. The form is filed electronically with digital signature or electronic verification and includes the accountant's certificate with UDIN where applicable.
March 24, 2026
Show AI Summary
Aadhaar-based service delivery strengthens transparency, direct welfare transfer, and beneficiary targeting across public administration.
Aadhaar is highlighted as a governance instrument for transparent and efficient service delivery, linking citizens to bank accounts and enabling Direct Benefit Transfer so subsidies and financial assistance reach eligible beneficiaries directly. It is described as reducing fraud, eliminating ghost beneficiaries, and improving access to welfare schemes and government services across rural and underserved sections. The text also notes Aadhaar's use in birth registration, healthcare, health insurance claims, property-related matters, agricultural grain procurement, pension distribution, and food security implementation.
March 24, 2026
Show AI Summary
Platform fee increases in food delivery reflect higher operating costs, GST inclusion, and rising delivery expenses.
Food delivery platforms increased the platform fee charged to users on a per-order basis, with the revised charge stated to be inclusive of GST. The fee is a fixed amount added to delivery and restaurant charges and is linked to operating costs, technology maintenance, and customer support. The increase comes alongside comparable revisions by competing services and against the backdrop of rising fuel costs affecting delivery operations.
March 24, 2026
Show AI Summary
Accounting outsourcing services for SMEs expand compliance support across GST, payroll, income tax filing, and financial reporting.
Accounting outsourcing services for SMEs combine bookkeeping, GST compliance, income tax filing, payroll management, accounts payable and receivable support, and financial advisory under a single engagement model. The service package addresses rising demand from small and medium-sized enterprises seeking assistance with GST filing cycles, payroll compliance, audit preparation, and maintenance of accurate financial records while managing business operations. The offering includes monthly reconciliation and financial reporting, GST return filing, input tax credit reconciliation, ITR filing, payroll processing with PF/ESI compliance and TDS on salaries, vendor and debtor tracking, and budgeting and cash flow planning.
March 24, 2026
Show AI Summary
Zero Coupon Bonds compliance certificate must be filed electronically each tax year by eligible issuers.
Form No. 3 is the prescribed accountant's certificate under rule 7 for certifying utilisation of funds raised through notified Zero Coupon Bonds. It is mandatory for each relevant tax year and applies to every issuer of a notified Zero Coupon Bond, including infrastructure capital companies, infrastructure capital funds, infrastructure debt funds, and public sector companies. The certificate must be filed electronically within two months from the end of the relevant tax year and is year-specific, with revision permitted only if the system enables it.
March 24, 2026
Show AI Summary
Zero-coupon bond notification under Rule 7 requires strict filing, investment, rating and listing compliance before tax recognition.
Form 2 is the prescribed application under Rule 7 for infrastructure capital companies, infrastructure capital funds, infrastructure debt funds and public sector companies seeking notification of a proposed zero-coupon bond. Notification is a mandatory pre-condition for the bond to qualify as a zero-coupon bond and to obtain the special tax treatment of discount. The form collects applicant, bond and investment details so the Central Government can verify tenure, credit rating, listing, investment commitments and reporting undertakings.
March 24, 2026
Show AI Summary
Turmeric export disruption hits Marathwada trade as conflict halts shipments and weakens domestic prices.
The conflict involving the US, Israel and Iran has disrupted turmeric exports from Maharashtra's Marathwada region, with shipments to Gulf and African markets reported to have stopped completely. The trade interruption has affected turmeric grown across the region's turmeric belts, including Hingoli, Nanded, Wardha, Parbhani, Yavatmal and Washim. The Vasmat variety from Hingoli received a Geographical Indication tag in 2024, and consignments from Hingoli and adjoining areas are shipped abroad after processing through Tamil Nadu and Kerala.
March 24, 2026
Show AI Summary
AI-driven cooperative banking summit spotlights digital innovation, cybersecurity, regulatory compliance and sector-wide collaboration in urban cooperative banks.
The Bharat Cooperative Banking Summit & Awards 2026 is a three-day forum for urban cooperative banks focused on AI-driven cooperative banking, digital innovation, cybersecurity, regulatory technology, operational resilience and regulatory compliance. It brings together senior leaders, policymakers, regulators, fintech partners and technology providers for collaboration, knowledge exchange and alignment with evolving digital and regulatory expectations. The awards segment recognises excellence in leadership, innovation, governance, financial inclusion, digital transformation and service within the cooperative movement.
March 24, 2026
Show AI Summary
Zero Coupon Bond notification requires mandatory advance filing of Form No. 2 with prescribed details and supporting documents.
Form No. 2 is the prescribed electronic application under rule 7 of the Income-tax Rules for notification of a Zero Coupon Bond under section 2(112) of the Act. Filing is mandatory before issue, must be made at least three months in advance, and is issue-specific. It is to be filed by an infrastructure capital company, infrastructure capital fund, infrastructure debt fund, or public sector company with the required details and supporting annexures.
March 24, 2026
Show AI Summary
Client code modification reporting requires monthly online filing by stock exchanges for cash and derivative transactions.
A monthly statement is required from stock exchanges reporting modified client code transactions in cash and derivative market transactions. The form must be filed online by all stock exchanges through the income tax e-filing portal, and its smart-form format captures basic exchange details. The format also incorporates commodity derivative details previously associated with Form 3BC, which has been rendered redundant, while no other changes are made to the Cash Market and Derivative Market tables.
March 24, 2026
Show AI Summary
Stock exchange reporting rules require monthly filing of client code modification statements through the e-filing portal.
Form No. 1 is a mandatory monthly statement to be furnished by a stock exchange for transactions in which client codes have been modified after registration in the system. It applies to both cash and derivative markets, must be filed within 15 days from the end of each relevant month, and is submitted only online through the Income Tax e-Filing portal. Once filed and acknowledged, it cannot be edited, and submission requires a valid PAN.
March 24, 2026
Show AI Summary
Tax Year transition and repeal savings preserve continuity while the Income-tax Act, 2025 simplifies compliance and reorganises filings.
The Income-tax Act, 2025 replaces the Income-tax Act, 1961 as a streamlined and modernised code, while preserving the underlying tax policy, continuity of pending matters, and the existing compliance architecture. The new Act substitutes the concept of Assessment Year with Tax Year, applies prospectively from 1 April 2026, and continues the old Act for tax years beginning before that date. Transitional provisions preserve rights, liabilities, pending proceedings, tax payments, return filing, reassessment, appeals, deductions, and losses under the repealed Act, while the new Act reorganises forms, withholding provisions, and compliance statements in simplified and consolidated form.
March 24, 2026
Show AI Summary
Anticipatory banking drives India hub expansion for stronger engineering, data, and cloud support across digital banking platforms.
Expansion of a global capability center in India to strengthen engineering, data intelligence and cloud architecture support for a digital sales and service platform used by financial institutions. The India hub is intended to deepen technical capacity for platform development, security, scalability and reliable digital banking delivery, while supporting the company's move toward anticipatory banking through data-driven and AI-enabled capabilities.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters

Axis Max Life Reports 20% YoY Growth in Individual Adjusted First Year Premium in 9M FY'26; VNB Increases by 30% YoY

February 17, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Noida, Uttar Pradesh, India (NewsVoir) 9-Months Financial Year 2026 (“9M FY’26”) Highlights: • Max Financial Services Limited reports 18% growth in consolidated revenue excluding investment income • Axis Max Life continues outperforming private industry; Private market share increases by 53 bps to 9.8% • Individual Adjusted First Year Premium at ₹6,396 crores, grew 20% YoY • Gross Written Premium: ₹25,195 crores, up 18% Year-on-Year (YoY) • Measure of profitability – Value of New Business (VNB) at ₹1,633 crores with a YoY growth of 30% • New business margin improved to 23.6%; Total APE growth of 21% achieved • Embedded Value at ₹28,110 crores, grew 16% with an Operating RoEV of 16.9% • Individual New Business Sum Assured grew by 41% • Assets Under Management (AUM) at ₹1.93 lakh crores, up by 12% YoY Max Financial Services Limited has recorded consolidated revenue excluding investment income at ₹24,625 crores, growing 18% year-on-year in 9M FY’26. The consolidated revenue including investment income stands at ₹36,891 crores and consolidated Profit after Tax (PAT) at ₹137 crores in 9M FY’26. Continuing to outpace the private life insurance industry in 9M FY’26, Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Limited (“Axis Max Life” / “Company”), has reported new business growth (Individual Adjusted First Year Premium) of 20% in 9M FY’26, reaching ₹6,396 crores. This has resulted in a private market share gain of 53 basis points (bps) to 9.8%. As one of the fastest growing life insurers, Axis Max Life has delivered a 21% YoY Annualized Premium Equivalent (APE) growth in the first nine months of the fiscal. This strong performance was driven by secular growth in its proprietary channels and the scaling up of new partnerships established over the past few years. In the fiscal, Axis Max Life has secured 51 new business partnerships including 24 Group and 27 Retail partnerships. Further, in 9M FY’26, Axis Max Life’s individual renewal premium grew by 17% to ₹15,551 crores, taking the Gross Written Premium to ₹25,195 crores, an 18% YoY increase. Additionally, the Company has reported New Business Margins of 23.6% in 9M FY’26 up from 21.9% during the same period last year. The Value of New Business, a measure of profitability, experienced a YoY growth of 30%, aided by improvements in product mix. Axis Max Life led the industry in Retail protection sales and has maintained leadership in the online market, in both protection and savings categories. Sumit Madan, Managing Director and Chief Executive Officer, Axis Max Life, said, "Axis Max Life’s 9M FY’26 performance reflects the strength of a well-defined strategy executed with discipline and consistency. We delivered sustained double-digit growth outpacing the private life insurance industry, emerging as the fastest-growing player among the top ten insurers and achieving the highest market share gains in the sector. This growth is driven by the strength of our Individual Adjusted First Year Premium and Value of New Business, supported by broad-based expansion across proprietary channels. Our Agency vertical remains the industry’s fastest-growing, with continued momentum across our strategic partnership businesses. As we scale, our commitment to delivering value to investors and customers remains steadfast. We are sharpening our competitive edge by focusing on elevating the customer experience through continuous digital innovation. This remains the primary engine driving our long-term growth and market leadership.” Key Financial Summary of Axis Max Life: ₹ Crores 9M FY’26 9M FY’25 YoY Financial performance Summary Individual Adjusted FYP 6,396 5,352 20% Total APE 6,908 5,731 21% Renewal Premium 15,551 13,269 17% Gross Written Premium 25,195 21,360 18% Number of Policies (000's) 638 540 18% Individual New business Sum Assured 3,67,679 2,59,925 41% Assets Under Management 1,92,688 1,71,705 12% Embedded Value 28,110 24,129 16% RoEV 16.9% 17.3% -40 bps New Business Margins 23.6% 21.9% 175 bps Value of new business 1,633 1,255 30% Solvency 201% 196% 500 bps About Max Financial Services Limited (https://maxfinancialservices.com) Max Financial Services Limited (MFSL) is part of India’s leading business conglomerate - the Max Group. Focused on Life Insurance, MFSL owns and actively manages an ~81% majority stake in Axis Max Life. MFSL is listed on the NSE and BSE. Besides a ~1.25% holding by Analjit Singh and sponsor family, some of the other group shareholders include MSI, Capital Group, Vanguard, Polar, Pictet, Jupiter, Blackrock, Kuwait Investment Authority, Abu Dhabi Investment Authority, Franklin Templeton, Pioneer, JP Morgan, Norges Bank, Principal Funds, BNP Paribas, Canada Pension Fund, MIT, Asset Management Companies - HDFC, Nippon, ICICI Prudential, DSP, SBI, Kotak, Aditya Birla Sun Life, Mirae, UTI, Canara Robeco, Invesco, HSBC, Whiteoak, Edelweiss, TATA, Bandhan, Abakkus and PGIM, and Private Life Insurance Companies – HDFC, SBI, TATA AIA, Kotak, ICICI Pru, Bajaj Allianz, Canara HSBC and Aditya Birla Sun Life. Company Information Number - L24223PB1988PLC008031 About Axis Max Life Insurance Limited (https://www.axismaxlife.com) Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a Joint Venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited. Axis Max Life offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per annual audited financials for FY2024-25, Axis Max Life has achieved a gross written premium of INR 33,223 Cr. IRDAI Registration. No – 104 Company Information Number - U74899PB2000PLC045626 Disclaimer This document has been prepared by Max Financial Services Limited (the “Company”) solely for the announcement of the Company’s financial results. This document contains certain forward-looking statements relating to the Company that are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company’s management. These forward-looking statements are, by their nature, subject to significant risks and uncertainties. When used in this document, the words “anticipate”, “believe”, “could”, “estimate”, “expect”, “going forward”, “intend”, “may”, “ought” and similar expressions, as they relate to the Company or the Company’s management, are intended to identify forward-looking statements. These forward-looking statements reflect the Company’s views as of the date of the Presentation with respect to future events and are not a guarantee of future performance or developments. You are strongly cautioned that reliance on any forward-looking statements involves known and unknown risks and uncertainties. Actual results and events may differ materially from information contained in the forward-looking statements. The Company assumes no obligation to update or otherwise revise these forward-looking statements for new information, events or circumstances that occur subsequent to the date of the Presentation. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. The information and opinions contained herein are subject to change without notice. None of Company or any of its directors, officers, employees, agents or advisers, or any of their respective affiliates, advisers or representatives, undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise and none of them shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. This document does not constitute or form part of, and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or affiliates in any jurisdiction or an inducement to enter into investment activity. No part of this document, nor the fact of its distribution, shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. The information herein is given to you solely for your own use and information, and no part of this document may be copied or reproduced, or redistributed or passed on, directly or indirectly, to any other person in any manner or published, in whole or in part, for any purpose. Axis Max Life Insurance Limited (formerly known as Max Life Insurance Company Limited) is a Joint Venture between Max Financial Services Limited ("MFSL") and Axis Bank Limited. Corporate Office: 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram (Haryana) - 122 002. For more details on risk factors, Terms and Conditions please read the prospectus carefully before concluding a sale. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws. You can call us on our Customer Helpline No. 1860 120 5577. Website: https://www.axismaxlife.com IRDAI Registration. No – 104 CIN number (U74899PB2000PLC045626) (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

Topics

Acts Income Tax