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March 25, 2026
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Form 9 receipt for approved scientific research payments supports deduction claims and compliance tracking.
Form 9 is the prescribed receipt for payments received towards an approved scientific research programme under section 45(3)(c) read with Rule 30. It is issued to the sponsor by the executing institution, records the payment against the approved programme in FORM 8, and supports the sponsor's deduction claim subject to compliance with the Act and Rules. The form is programme-specific, may be issued for each payment or tranche including advance payments, and captures the sponsor details, payment particulars, approved cost, approved tax years, and cumulative receipts. It is not filed with the tax department but retained as supporting evidence.
March 25, 2026
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Scientific research programme approval under tax law requires Form 8, with defined scope, cost, compliance and monitoring conditions.
Form 8 is the statutory approval order for a scientific research programme under section 45(3)(c) of the Income-tax Act, 2025 and Rule 30. It is issued after examination of a sponsor's Form 7 application, records the approved scope, duration, cost, tax years and conditions of the programme, and is signed by the designated authority. The approval is programme-specific, cost-specific and time-bound, while post-approval compliance includes separate books, audit, reporting, asset restrictions and final completion reporting.
March 25, 2026
Show AI Summary
Energy Star ratings shape window air conditioner pricing by raising upfront cost while lowering electricity bills and maintenance.
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March 25, 2026
Show AI Summary
Scientific research programme approval in FORM 8 governs tax deduction eligibility, compliance conditions, and programme-specific approval limits.
Approval in FORM 8 records the prescribed authority's sanction of a scientific research programme under section 45(3)(c) read with Rule 30, following an application in FORM 7. It is a statutory approval order, not a filing by the sponsor, and identifies the programme, approved tax years, approved total cost, and any attached conditions. FORM 8 is programme-specific and cost-specific, and deduction depends on compliance with the Act, the Rules, and post-approval obligations.
March 25, 2026
Show AI Summary
Scientific research approval through Form 7 creates a programme-specific gateway for deduction eligibility and post-approval compliance.
Prior approval for a sponsored scientific research programme is obtained through Form 7, which is the programme-specific application for approval of expenditure on scientific research carried out through a National Laboratory, University, Indian Institute of Technology or specified person. The prescribed authority examines the programme's feasibility and scientific merit, communicates approval or rejection in Form 8, and the approval is cost-specific and only a pre-condition for deduction. Post-approval compliance requires separate accounts, periodic reporting, restricted use of funds and completion reports.
March 25, 2026
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Prior approval for scientific research deduction requires FORM 7 before commencement, with strict programme-specific compliance conditions.
A sponsor seeking deduction for expenditure on a scientific research programme must furnish FORM 7 as the prescribed application for prior approval before commencement. Separate applications are required for each programme, and the form calls for details of the sponsor, the proposed research programme, its duration and estimated cost, and the executing institution. Approval may be granted only for eligible programmes carried out through specified institutions, while market research, sales promotion, routine quality control, commercial production, and routine data collection are excluded.
March 25, 2026
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Rupee weakness amid foreign fund outflows, lower crude prices and expectations of RBI dollar support.
The rupee weakened in early trade against the US dollar amid sustained foreign fund outflows and market uncertainty linked to the West Asia crisis. The decline was partly cushioned by lower global crude oil prices, a weaker dollar and a firm opening in domestic equity markets. Market participants also expected RBI intervention through dollar sales, while exporters were hedging and importers buying on dips.
March 25, 2026
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Audit report compliance for deduction claims under income-tax law requires Form 6, UDIN, and electronic verification.
Form 6 is the prescribed income-tax audit report for an assessee claiming deduction under Section 44 or Section 51 of the Income-tax Act, 2025, and must be certified by an accountant. It is to be filed electronically through the Income-tax e-Filing Portal, verified by Digital Signature Certificate, and furnished one month before the due date for the return of income for the relevant Tax Year. The form requires audit confirmation, supporting records, UDIN generation, and assessee verification for claims under both deduction provisions.
March 25, 2026
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Audit-certified deduction reporting requires electronic Form 6 filing, accountant certification, UDIN, and digital verification for qualifying expenditure claims.
Form 6 is the prescribed audit report for an eligible assessee claiming deductions under section 44 for preliminary or project-related expenditure or under section 51 for mineral prospecting and development expenditure. It must be certified by an accountant and furnished electronically through the Income-tax e-Filing Portal. The form is filed once in the first tax year in which the deduction is claimed, at least one month before the due date for furnishing the return of income, with UDIN generation and digital verification required.
March 25, 2026
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Money laundering bail refusal highlights serious economic offences, sufficient PMLA material, and unresolved double mortgage allegations.
Bail was refused in a money laundering prosecution under the Prevention of Money Laundering Act where the court found sufficient material linking the accused to the offence and treated the recorded PMLA statements as forming a formidable case. The court observed that economic offences pose a serious threat to the financial health of the country and that the gravity, seriousness and magnitude of the alleged conduct, along with the accused's major role, weighed against release on bail. Partial repayment did not discharge criminal liability, and the absence of an explanation for the alleged double mortgage remained relevant at the bail stage.
March 24, 2026
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Money laundering bail disputes hinge on fraudulent credit facilities, double mortgaging, and the gravity of economic offences.
Bail in a money laundering prosecution was opposed on the basis that the accused was linked to allegedly fraudulent borrowing and diversion of bank credit facilities, including mortgage and alleged double sale of secured properties. The prosecution relied on statements under the Prevention of Money Laundering Act and other material to contend that sufficient evidence connected the accused to the offence and that the matter involved a serious economic offence affecting the financial system.
March 24, 2026
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Scheduled Caste status and religious conversion: membership ends immediately on conversion to a non-specified faith.
A person belonging to a Scheduled Caste loses that status on conversion to a religion other than Hinduism, Sikhism or Buddhism, and the loss is immediate and complete from the moment of conversion. The bar in the Scheduled Castes Order, 1950 is categorical, so a person who professes and practices a non-specified religion cannot claim Scheduled Caste membership for statutory benefits, protections, reservations or other entitlements flowing from that status.
March 24, 2026
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Green budget drives welfare schemes, electric mobility, disaster readiness and sectoral infrastructure spending across Delhi.
Delhi's FY27 budget sets out a broad fiscal and welfare programme with major allocations for environmental protection, education, health, transport, urban development, social welfare and water supply. It introduces measures such as free diagnostic tests for newborn babies, bicycles for girl students, free LPG cylinders for ration card-holding families on Holi and Diwali, the Mahila Samriddhi Yojna, electric auto-rickshaw permits for women and transgender persons, and expanded Ayushman Bharat Health coverage. It also provides for electric buses, a semiconductor policy, disaster management infrastructure, firefighting upgrades and water and sewage projects.
March 24, 2026
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Preliminary expense disclosure in Form 5 requires electronic filing, detailed reporting, and strict compliance for income-tax deduction claims.
Form 5 is a mandatory electronic statement for an assessee claiming deduction for preliminary expenses under the Income-tax Act, 2025, to be furnished in accordance with Rule 27 and one month prior to the due date for filing the return of income. It requires disclosure of assessee particulars and transaction-level details of qualifying preliminary expenses, including feasibility reports, project reports, market or business surveys, and engineering services, with related PAN, TDS, and payment particulars.
March 24, 2026
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Preliminary expenses deduction reporting requires electronic Form 5, with item-wise disclosure, verification, and timely portal filing.
Electronic Form 5 is the prescribed statement for reporting preliminary expenses claimed as a deduction under Section 44 of the Income-tax Act, 2025. It applies to eligible expenditure connected with setting up or extension of a business, including feasibility reports, project reports, market or business surveys, and engineering services related to business, and must be filed for each tax year through the income-tax portal using digital signature or electronic verification. The form requires disclosure of assessee particulars, item-wise expense details, service-provider information, payment particulars, and TDS data where applicable.
March 24, 2026
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Functional cooperatives survey training set to standardise nationwide data collection and measure economic contribution.
Preparatory training was organised for the Rapid Survey of Functional Cooperatives before six months of field work beginning in April 2026. The workshop brought together senior officers and field functionaries who will serve as Master Trainers for subsequent regional training, with the aim of standardising nationwide survey operations. The survey will assess the contribution of functional cooperatives to employment generation and economic activity across rural and urban areas, and will estimate indicators such as Gross Value Added, Gross Value of Output and employment generated by cooperatives.
March 24, 2026
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Unincorporated sector survey shows stronger employment, higher value added, rising wages and wider internet adoption across establishments.
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March 24, 2026
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March 24, 2026
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Export policy and trade facilitation framework strengthens competitiveness, digital governance, and market access across India's export ecosystem.
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March 24, 2026
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Startup ecosystem collaboration advances industry-linked innovation support for HVAC, manufacturing, testing, and pilot deployment opportunities.
Industry-linked innovation support is being advanced through a Memorandum of Understanding to strengthen the manufacturing and startup ecosystem. The collaboration is directed at product startups working in HVAC technologies, digital solutions, advanced manufacturing processes, and supply chain innovation, with the aim of enabling scalable, industry-relevant solutions through structured engagement. Startups will receive mentorship, testing facilities, R&D infrastructure, pilot opportunities, market linkages, and structured Proof-of-Concept programmes.

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Corp. Laws / SEBI / IBC

Andhra milk contamination case: No urea traces detected in suspected milk, says Health dept

February 24, 2026

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Rajamahendravaram/Amaravati (Andhra Pradesh), Feb 24 (PTI) The Andhra Pradesh government on Tuesday said no traces of urea have been detected so far in the suspected contaminated milk linked to the deaths and hospitalisations here in East Godavari district.

Recently, four people died and nearly 15 others were hospitalised after consuming contaminated milk here.

"No traces of urea have been found so far in the suspected contaminated milk linked to the deaths and hospitalisations reported in East Godavari district," Health and Family Welfare Commissioner G Veerapandian said, addressing a press conference in Amaravati.

Out of the hospitalised people, he said seven remain critical.

He said that if urea had been mixed in the milk, immediate kidney or liver failure would not occur as such complications arise only after prolonged consumption.

Medical experts have indicated that severe complications may arise three to four days after consumption of milk mixed with ethylene glycol, said Veerapandian.

No new cases were reported on Tuesday and continuous health monitoring was being carried out in the affected localities of Rajamundry, located by the Godavari river, he said.

Doctors have been made available round the clock in the identified areas and these measures will continue for another month, he added.

On the advice of senior doctors, special medicines not available locally are being procured from Chennai and Mumbai to improve kidney function of the affected persons, he said.

Meanwhile, samples of curd, ghee, paneer, vinegar and milk remnants collected from the affected houses were sent to National Food Safety Authority-recognised laboratories in Hyderabad and Kakinada for testing.

The milk sold by the vendor was not available, and clarity on the alleged adulteration will emerge based on the laboratory results expected in phases between Wednesday and Saturday, said Veerapandian.

Institute of Preventive Medicine (Food Safety Department) Director Neelakantha Reddy said a special inspection drive will begin from Wednesday at milk sale centres, manufacturers, storage units and wholesale traders across the state.

According to the commissioner, police have also questioned the mechanic who repaired the milk chilling machine as part of the ongoing investigation into the suspected coolant leakage.

According to preliminary epidemiological investigation, milk consumption was identified as the primary cause of the sudden kidney (renal) complications reported among affected persons.

East Godavari District Collector Keerthi Chekuri said milk was supplied to 106 families from a private dairy in Narasapuram village and the supply was immediately stopped.

According to the collector, seven of the 15 hospitalised persons are out of danger while the remaining are on ventilator and dialysis support.

Rapid response teams comprising the district surveillance officer, medical experts, microbiologists and nephrologists were immediately constituted and deployed in the affected areas, she said.

Chekuri said that 14 field surveillance teams visited nearly 680 houses and screened about 960 families. In 110 families, over 290 persons were identified and 315 blood samples collected for examination.

According to the district collector, of the 315 blood samples collected, 313 were found normal, while two persons showed elevated urea and creatinine levels.

Meanwhile, the Animal Husbandry Department (AHD) formed a team of four veterinary doctors and collected 41 milk samples along with cattle feed and water samples, which were sent to the Veterinary Biological Research Institute for testing.

"With all departments taking coordinated action, the situation is currently under control," Chekuri said.

Meanwhile, the police said that a chemical coolant leak from the freezer of a vendor may have resulted in the death of the four people.

The samples collected from the storage unit and the supplied milk have been sent to the Forensic Science Laboratory (FSL) in Vijayawada for detailed scientific examination.

"The milk was stored in a freezer at the accused person's residence and we suspect that coolant might have leaked into it. All necessary samples have been sent to the FSL," East Godavari Superintendent of Police (SP) D Narasimha Kishore told PTI.

The SP said the vendor stored milk at his house in a freezer with two containers, besides filling six cans from storage tanks for distribution.

A few cans were also filled with freshly collected milk before being supplied to customers in various localities of the city.

It is suspected that one can containing contaminated milk may have been delivered to the households where deaths were reported.

The accused vendor has been taken into custody and the dairy unit linked to the supply has been sealed.

A case was registered against the accused under Section 103(1) of the Bharatiya Nyaya Sanhita (BNS) on charges of murder.

Legal action will be taken based on forensic findings and post-mortem reports, the police official said. PTI MS GDK STH SA

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