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April 2, 2026
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Lower or nil tax deduction certificate through TRACES requires advance electronic filing, PAN, and supporting documents.
Form No. 128 is the electronic application for a certificate authorising lower or nil deduction of income-tax and lower collection of income-tax under section 395(1) and section 395(3) of the Income-tax Act, 2025. The form is optional, must be filed through the TRACES portal before the relevant transaction, and cannot be processed once the TDS/TCS transaction is completed. It requires PAN, supporting documents, and electronic submission with e-verification.
April 2, 2026
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Tax collection at source declaration for non-trading use of goods enables buyers to obtain goods without TCS.
Form No. 127 is the declaration required from a buyer to obtain goods without collection of tax at source where the goods are intended for manufacturing, processing, production, or generation of power and are not meant for trading. The buyer must furnish the declaration to the seller at or before the purchase or payment event, and the seller must verify the declaration, upload monthly details to the e-filing portal by the 7th of the following month, and forward the declaration to the tax authority.
April 2, 2026
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TCS exemption declaration for specified goods requires PAN, timely filing, and seller reporting obligations.
Form No. 127 is a buyer's declaration under section 394(2) of the Income-tax Act, 2025 for obtaining specified goods without collection of tax at source. A resident buyer may furnish the declaration to the seller where the goods are intended for manufacturing, processing, producing articles or things, or generating power, and not for trading. PAN is mandatory, the declaration must be furnished on or before the date of transaction, and once received the seller must report the particulars and include the transactions in the quarterly TCS statement.
April 2, 2026
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Tax deduction relief for non-resident branch operations through a unified Form No. 126 compliance framework.
Form No. 126 is a unified self-declaration and treaty-benefit request for specified non-residents carrying on business or profession in India through a branch to obtain a certificate for receipt of certain sums without deduction of tax at source. Banking companies and insurers, and other eligible non-resident persons, must satisfy the conditions in Rule 209, including tax compliance, branch-based receipt on own account, and, for non-banking applicants, continuous business in India for five years and prescribed fixed assets. The application is filed electronically, processed by the Assessing Officer, and the certificate remains valid for the relevant tax year unless cancelled earlier.
April 2, 2026
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Rupee recovery follows RBI cap on banks' net open position amid capital outflows and crude-driven pressure.
Rupee recovered in early trade after the Reserve Bank of India capped banks' net open position in the onshore forward delivery market and required compliance by April 10, 2026. The currency remained under pressure from foreign capital outflows, a stronger dollar, rising crude oil prices, geopolitical volatility, widening trade deficit, declining remittances and sustained foreign portfolio investor selling.
April 2, 2026
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Customs duty exemption on critical petrochemical imports aims to stabilise supply chains and ease cost pressures.
Full customs duty exemption has been granted on specified critical petrochemical imports as a temporary and targeted measure to protect supply stability amid disruptions in global supply chains caused by the West Asia crisis. The exemption is intended to ensure continued availability of essential petrochemical inputs for domestic industry, reduce cost pressures on downstream sectors, and provide relief to consumers of final products. The exemption remains valid until June 30 and covers Methanol, Anhydrous ammonia, Toluene, Styrene, Dichloromethane, Vinyl chloride monomer, Poly butadiene, Styrene butadiene and Unsaturated polyester resins.
April 2, 2026
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GST fraud through fake firms and fake invoices exposed alleged illegal input tax credit claims and circular trading.
GST fraud involving fake firms, shell companies, fake invoices and circular trading was detected during a police investigation. The alleged racket used fake Aadhaar and PAN details to unlawfully avail input tax credit and underreported sales in GST returns, causing an estimated loss of around Rs 3 crore to the government exchequer, with the total involvement suspected to be higher. One accused was arrested, while efforts continued to trace other persons involved.
April 1, 2026
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GST revenues rise on stronger imports and domestic sales, marking one of the highest monthly collections this fiscal.
GST revenues rose about 9 per cent in March to over two lakh crore rupees, reaching the third highest monthly collection in the 2025-26 fiscal. The increase was supported by higher receipts from imports as well as domestic sales and purchases, reflecting a recovery in tax mop-ups after earlier tax cuts.
April 1, 2026
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State GST collection growth in Haryana leads the country, driven by stronger compliance, economic activity and taxpayer base expansion.
State GST collection growth in Haryana was reported as the highest among all states in FY26, with post-settlement SGST collection rising to Rs 48,289 crore from Rs 39,743 crore in FY25. The increase of 21.5 per cent exceeded the national average SGST growth of 5.7 per cent. Total GST collection in the State also grew by 8.6 per cent, placing Haryana fifth among states and Union Territories in gross domestic GST collection.
April 1, 2026
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Insolvency resolution framework tightened to speed up admissions, reduce delays, and support rescue of viable businesses.
Parliament has amended the Insolvency and Bankruptcy Code to speed up admission and resolution of insolvency cases, reduce backlog, and preserve enterprise value. The changes introduce stricter timelines, greater reliance on information utilities, stronger liquidation oversight, and an enabling framework for group and cross-border insolvency. The bill also replaces the underused fast-track process with a creditor-initiated framework, exempts MSMEs from disqualification under specified provisions, and requires insolvency applications to be admitted within 14 days once default is established.
April 1, 2026
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Tax devolution dispute intensifies as Karnataka alleges unfair GST returns, denied compensation, and shrinking fiscal share.
Karnataka Chief Minister Siddaramaiah alleged that the Union Government's tax devolution and fiscal policy towards Karnataka amounted to tax terrorism or tax plunder, saying the state receives only a small share in return for its tax contribution. He said Karnataka has repeatedly raised concerns about unfair distribution of taxes, cess, surcharge revenues, GST compensation, and central funding, and claimed these issues have weakened the state's finances and increased dependence on borrowing. He also described GST implementation as flawed and unscientific, leading to significant financial losses.
April 1, 2026
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Money laundering probe leads to searches, cash seizure and firearm recovery in Kolkata-linked premises.
Money laundering investigation under the Prevention of Money Laundering Act led to searches at multiple premises in Kolkata linked to an alleged criminal syndicate, including the residence and commercial premises of an accused history-sheeter, a business entity, and associated persons. During the raids, the Enforcement Directorate seized about Rs 1.2 crore cash from a location linked to one associate and recovered a country-made pistol from the accused's premises.
April 1, 2026
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Corporate resolution under insolvency law gains faster admission, stronger creditor oversight, and MSME promoter participation safeguards.
The Insolvency and Bankruptcy Code is presented as a framework for corporate resolution and banking-sector improvement through asset recovery, with liquidation remaining a residual measure where resolution fails. The current amendments focus on expeditious admission based on the existence of default, greater reliance on information utilities, statutory timelines, stronger liquidation oversight, and a creditor-initiated insolvency framework with out-of-court initiation, debtor-in-possession structure, and defined timelines. The amendments also enable group and cross-border insolvency and exempt MSMEs from specified disqualifications so that existing promoters may participate in resolution.
April 1, 2026
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Insolvency and bankruptcy reform debate centers on creditor haircuts, tribunal backlog, and concerns over corporate defaulter protection.
The Rajya Sabha debated the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, amid criticism of repeated amendments, substantial creditor haircuts, alleged favouritism toward large corporate defaulters, and ongoing pendency and infrastructure bottlenecks in insolvency tribunals. Members raised concerns over proposed creditor-initiated insolvency changes, executive rule-making on cross-border insolvency, and the limited effectiveness of MSME resolution mechanisms, while others supported the Code and urged stronger institutional capacity and better use of insolvency funds.
April 1, 2026
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Tax deduction at source relief for branch-based non-residents through Form No. 126 and Assessing Officer certification.
Form No. 126 is an optional self-declaration and treaty-benefit request for a specified non-resident person carrying on business or profession in India through a branch, to obtain an Assessing Officer certificate authorising receipt of specified sums without deduction of tax at source. Eligibility depends on whether the applicant is a banking company or insurer, or another branch-based business or profession, and the form must be filed online before income is received. The certificate is valid for the relevant tax year unless cancelled earlier.
April 1, 2026
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Specified senior citizen declaration governs pension and interest income reporting, bank deduction, and return-filing exemption.
Form No. 125 is the declaration furnished by a specified senior citizen to the specified bank for pension and interest income. It applies to a resident aged seventy-five years or more who has pension income and only interest from the same specified bank, and who gives the prescribed declaration. The form is used by the deductor for reporting and is stated to exempt the taxpayer from return-filing compliance for the relevant tax year. It is filed once each financial year and requires key personal, bank, pension, and tax-regime details.
April 1, 2026
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Insolvency and Bankruptcy Code amendments aim to speed resolution, cut backlog, and strengthen the financial ecosystem.
Amendments to the Insolvency and Bankruptcy Code were passed to accelerate insolvency resolution, reduce case backlog, and strengthen the financial ecosystem. The changes focus on shortening the time taken for admission of insolvency resolution applications and improving the efficiency of the resolution framework. The government accepted all recommendations made by the Lok Sabha Select Committee and added one further recommendation from the Ministry of Corporate Affairs.
April 1, 2026
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Specified senior citizen declaration governs return-filing exemption for pension and interest income through a specified bank.
Form No. 125 is the declaration to be furnished by a specified senior citizen in relation to pension income and interest received or receivable through a specified bank. The declaration is confined to pension and interest income and does not extend to other income. Filing the form enables exemption from filing an income-tax return, while the specified bank computes total income and deducts tax accordingly. The form must be submitted once for each tax year, may be filed in paper or electronically, and may be revised or withdrawn if income details change.
April 1, 2026
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Tax deduction at source claims form requires employee details, supporting evidence, and annual disclosure to employer.
Form No. 124 is the employee's statement of particulars of claims for deduction of tax at source under section 392(5)(b) of the Income-tax Act, 2025 read with Rule 205 of the Income-tax Rules, 2026. It is furnished to the current employer so that deductions, exemptions and allowances may be considered for correct tax deduction from salary. The form is filed once every financial year and requires employee details, claim particulars, supporting evidence and a declaration that the particulars are correct and complete.
April 1, 2026
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Employee tax benefit declarations guide salary TDS computation through Form No. 124 and supporting evidence.
Form No. 124 is the employee statement furnished to an employer for consideration of deductions, exemptions, allowances, and other tax benefits while computing taxable salary and TDS liability. It applies where the employee seeks employer recognition of claims relating to house rent allowance, leave travel allowance, interest on housing loan, and investment- or expenditure-based deductions, together with supporting evidence. The form has Part A for employee particulars and Part B for the tax benefits claimed with annexures in support of those claims.

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Best Crypto Presale: Deepsnitch AI Targets 300X With Unique Narrative as Digitap and Remittix Struggle in Crowded Finance Sector With Products Yet To Launch

March 13, 2026

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Many presales promise ambitious products, but most have yet to deliver on that vision. In a market where utility matters, that's what distinguishes the best crypto presale. Digitap faces a crowded crypto-banking market while Remittix is stuck in presale with no launch date in sight. Both remain largely built on promises, with core infrastructure pending. DeepSnitch AI ($DSNT) is different. Its live intelligence network is already operational, with more updates coming soon. The presale is in stage 7, with its token priced at $0.04399, and $2.1 million raised. With a confirmed March 31 deadline, DeepSnitch AI positions itself as the best crypto presale with utility as early investors buy into its 300x potential. Metaplanet deepens Bitcoin strategy with new $25M venture firm Metaplanet, often called "Japan's MicroStrategy," is doubling down on its crypto commitment by launching Metaplanet Ventures. This new subsidiary will focus on providing funds for the Bitcoin ecosystem in Japan. The company plans to invest 4 billion yen ($25.2 million) into the sector. The move comes as Japan prepares to reclassify Bitcoin as a regulated financial asset by January 2028. Metaplanet is building the infrastructure to support early-stage companies and open-source developers through its new investment, incubator, and grant programs. Despite this new venture, the company’s core focus remains stacking Bitcoin. It's currently the fourth largest holder globally and aims to accumulate 210,000 BTC by 2027. Best crypto presale: DeepSnitch AI stands out with real-time market verification Many presales rely on narratives that rise and fall with market trends. But cycles change quickly. What dominates one year can disappear the next. The best crypto presale opportunities are often the ones positioned to remain relevant regardless of which sector is trending. DeepSnitch AI fits that profile. Instead of competing in a crowded niche, it focuses on something every trader needs: verification. This positioning has strengthened its reputation as a verified presale crypto. Whether markets chase meme coins, AI tokens, or new chains, scams and rug pulls never disappear. DeepSnitch AI runs a live intelligence network powered by five AI agents that track smart contracts, whale activity, liquidity changes, and suspicious on-chain behavior. The findings are organized inside a clear dashboard that keeps signals accessible and clutter-free. This positioning gives DeepSnitch AI durability that many presales lack. While narratives rotate with every cycle, verification remains essential, keeping the project relevant no matter where the market moves next. The presale is currently in stage 7 with DSNT at $0.04399 per token. Anticipation is building as the March 31 presale deadline comes closer. After a seven-day claim period, DSNT will debut on the famous DEX, Uniswap, with additional listings likely to follow. DeepSnitch AI is still winning investors over as demand for its utility grows. With a clear roadmap and real results, many believe DeepSnitch AI is the best crypto presale for 300x returns. https://youtu.be/W3fgTnPVEOI Digitap faces a crowded market with features still on paper Digitap aims to let users manage fiat and crypto in one place while supporting global transfers, everyday payments, and debit card integrations. This could simplify crypto banking, but the market is crowded. Competitors, from exchanges to fintech apps, already dominate, making it difficult to secure significant market share. This is even more concerning as most of its features are still on paper, leaving investors waiting as the presale progresses. Meanwhile, DeepSnitch AI is moving fast in a unique niche. With a fully live platform and quick adoption, DeepSnitch AI still stands out as the best crypto presale. Remittix presale lags with only wallet release after a year Remittix focuses on PayFi infrastructure, promising crypto-to-bank transfers that convert digital assets into fiat deposits across multiple countries. The concept targets the massive cross-border payments market, but progress has been slow. After over a year in presale, the only product released so far is a wallet. The presale length alone has many worried, while DeepSnitch AI has gained investors' confidence with the recent announcement of a presale end date. Payment platforms also face complex banking integrations, regulatory approvals, and liquidity hurdles before scaling globally. Until those systems are fully live, Remittix remains a work in progress rather than a finished payment network. Conclusion In a market crowded with promises, DeepSnitch AI rises above as the best crypto presale. It's turning heads with its unique verification layer, while Digitap and Remittix struggle in the finance space, with utility still in development. It's no wonder DeepSnitch AI is one of the most promising ICO launches. At $0.04399, a $5,000 allocation normally yields 113,662 tokens, but early buyers grab 170,493 with the 50% bonus. With adoption climbing and utility already live, $DSNT is poised for 300x growth, making it the best crypto presale in 2026. Visit the website today and check out their X and Telegram to keep up with updates. FAQs Why is DeepSnitch AI considered the best crypto presale? DeepSnitch AI is fully operational, offering a live intelligence network for real-time verification. Unlike other presales still on paper, it delivers measurable utility. Hence, it is the best crypto presale for investors seeking actionable insights and early adoption advantages. How does DeepSnitch AI compare to other promising ICO launches? Most promising ICO launches remain little more than ideas with limited functionality. DeepSnitch AI already runs a live platform, which sets it apart from typical presales. This has helped build investors' confidence in recent months. Which presale qualifies as a crypto presale with utility? DeepSnitch AI is a crypto presale with utility and a fully operational platform. While many wait until after the token launch, DeepSnitch AI delivers results from day one. Disclaimer: Trading cryptocurrencies/digital assets carries a high level of risk, and may not be suitable for all investors. You should be aware of all the risks associated with cryptocurrency/digital asset trading, and seek advice from an independent financial advisor. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The website or its publishers will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.The above content is published as received and has not been edited by the channel staff. The channel holds no responsibility for its content. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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