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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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.
March 24, 2026
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Startup incubation and investor access drive Galgotias Investo Pitch 2026 with grants for early-stage ventures.
Galgotias University organised "Galgotias Investo Pitch 2026" to support innovation and entrepreneurship by connecting startups with investors, industry leaders, incubation stakeholders, and government representatives. The event focused on startup scaling, venture capital access, business incubation, mentorship, market entry, and the use of artificial intelligence for scalable and cost-effective business growth. The University also announced an endowment grant for twelve early-stage startups as part of its continued support for the startup ecosystem.
March 24, 2026
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Bancassurance partnership drives digital-first insurance access, streamlined underwriting, and broader financial inclusion across underserved markets.
Strategic bancassurance partnership between Axis Max Life Insurance Limited and YES BANK has been reaffirmed as a long-running distribution alliance focused on digital-first delivery and hyper-personalized protection solutions. The collaboration combines the insurer's protection expertise with the bank's branch network and digital infrastructure to deliver insurance through streamlined customer journeys, including video consultations and agile underwriting, across protection, savings, education planning, retirement planning and wealth creation needs. The partnership is also directed toward expanding insurance access in underserved markets and supporting the objective of "Insurance for All by 2047".
March 24, 2026
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LNG supply disruption and force majeure risk could keep global gas prices elevated for years.
Damage to Qatar's Ras Laffan liquefied natural gas terminal has disrupted a major part of the country's LNG export capacity and may trigger force majeure on long-term supply contracts. The facility is complex, costly to repair, and likely to require a prolonged shutdown and staged restoration because LNG plants must be warmed and cooled slowly. The supply shortfall is likely to keep global LNG prices elevated and may shift some markets toward coal.

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February 25, 2026

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New Delhi, Feb 25 (PTI) Following are the top stories at 5.15 PM NATION DEL8 PM-ISRAEL (09.14 PM)

Looking forward to meet PM Netanyahu, consolidate enduring bonds: PM Modi ahead of Israel visit New Delhi: Prime Minister Narendra Modi on Wednesday said India and Israel share a robust and multifaceted strategic partnership that has witnessed remarkable growth and dynamism, and he is looking forward to his discussions with Prime Minister Benjamin Netanyahu.

DEL13 CONG-PM-LD ISRAEL (11.41 PM)

Modi displaying 'moral cowardice' when world is critical of Netanyahu: Congress New Delhi: The Congress on Wednesday launched a scathing attack on Prime Minister Narendra Modi over his Israel visit, saying the PM will be displaying "moral cowardice" when the entire world is critical of his "dear friend" and Israeli premier Benjamin Netanyahu.

DEL34 GOYAL-CONG (03.51 PM)

Rahul, Congress acting like 'puppets' in the hands of anti-India forces: Goyal New Delhi: Union minister Piyush Goyal on Wednesday launched a blistering attack on Rahul Gandhi, alleging that the Congress leader and his party are playing "petty politics" to destablise the country's progress and acting like "puppets" in the hands of anti-India forces.

DEL38 CONG-INDOUS TRADE (04.30 PM)

Indo-US trade deal one-sided, should be put on hold: Congress New Delhi: The Congress on Wednesday said the Indo-US interim trade deal is distinctly one-sided and the only way forward is for India to be bold in putting it on hold, as it will be disastrous for lakhs of farmers across the country.

DEL21 BJP-CONG-NEHRU (01.04 PM)

Nehru 'redrew' Bharat's borders forever: BJP New Delhi: Hitting back at the Congress, the BJP on Wednesday accused India's first prime minister Jawaharlal Nehru of making repeated “territorial compromises” throughout his tenure and "redrawing" Bharat’s borders forever.

DEL39 EDU-NCERT-TEXTBOOKS (04.30 PM) NCERT may remove controversial portion on judiciary from class 8 textbook, say sources New Delhi: The controversial portions about judicial corruption in NCERT's class 8 textbook could be removed as the government has not taken kindly to the matter, sources said on Wednesday, while the council pulled the book from its website.

MDS9 TL-SC JUDGE-SEMINAR-CONSTITUTION (02.56 PM) Societal fault lines still run deep in country: SC judge Bhuyan Hyderabad: Citing an example of his daughter’s Muslim friend being denied accommodation because of her religious identity, Justice Ujjal Bhuyan of the Supreme Court said such instances show how far the country remains from the benchmark of constitutional morality.

LEGAL LGD22 LD-SC-NCERT-JUDICIARY (03.24 PM)

CJI objects to NCERT book chapter on corruption in judiciary New Delhi: Chief Justice of India Surya Kant on Wednesday strongly objected to a chapter on judicial corruption in the NCERT's Class 8 curriculum, saying that nobody on earth will be allowed to defame the judiciary and taint its integrity.

LGD20 SC-COMMUNITY-PUBLIC FIGURES (03.19 PM)

Public figures holding high constitutional offices cannot target any particular community: SC New Delhi: Observing that fraternity serves as a critical element for national unity and social cohesion, the Supreme Court has said public figures holding high constitutional offices cannot target any particular community on the basis of religion, language, caste or region.

LGD15 SC-ED-HEMANT SOREN (12.42 PM)

SC stays trial in ED case against Jharkhand Chief Minister Hemant Soren New Delhi: The Supreme Court on Wednesday stayed the trial in money laundering case registered against Jharkhand Chief Minister Hemant Soren.

BUSINESS DEL27 BIZ-SMARTPHONE-EXPORT (03.18 PM)

Smartphone now India's top export category with total overseas shipment worth USD 30 bn: Vaishnaw New Delhi: Smartphone has become India's top export category with overseas shipments worth USD 30 billion in 2025, Union Electronics and IT Minister Ashwini Vaishnaw said on Wednesday.

DEL33 BIZ-US-INDIA-LD SOLAR DUTY

US announces preliminary 126 pc countervailing duty on imports of certain Indian solar goods New Delhi: The US has announced a preliminary countervailing duty of 125.87 per cent on imports of certain Indian solar goods, alleging that these products are unfairly subsidised by New Delhi.

FOREIGN FGN36 PM-LD ISRAEL (04.50 PM)

PM Modi receives red carpet welcome as he begins 2-day visit to Israel Jerusalem: Prime Minister Narendra Modi landed in Israel on Wednesday to a red-carpet welcome with his Israeli counterpart Benjamin Netanyahu and wife Sara receiving the Indian leader at the Ben Gurion airport.

FGN25 ISRAEL-MEDIA-MODI (02.09 PM)

Israeli media hails Modi visit as 'strategic reset’, 'landmark moment' Jerusalem: As Prime Minister Narendra Modi on Wednesday left for Israel from India for a visit expected to upgrade the bilateral ties to a new level, the Israeli media is describing the trip as a "strategic reset", a "landmark moment" and a "defining" phase.By Harinder Mishra

FGN13 US-TRUMP-INDOPAK (10.20 PM)

Trump says Pak PM told him millions would have died without his intervention New York/Washington, Feb 25 (PTI) US President Donald Trump has said that Pakistan Prime Minister Shehbaz Sharif told him that 35 million people would have died if it were not for his intervention in stopping the war between India and Pakistan. By Yoshita Singh

FGN28 UK-INDIANS-VISAS (03.22 PM)

UK enforces digital travel system, mandatory eVisas for Indians London: New rules in force from Wednesday will see the UK transition to a digital transit system, including mandatory eVisas for Indian travellers and Electronic Travel Authorisation (ETA) for non-visa requiring visitors. By Aditi Khanna

PTI ARB ARB

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