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March 30, 2026
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Notice of demand under the income tax law sets payment timelines, appellate details, and options for instalments or extension.
Form 103 is the notice of demand issued by the Assessing Officer under section 289 of the Income-tax Act, 2025 read with rule 179 of the Income-tax Rules, 2026, to communicate tax, interest, penalty or any other sum payable for a tax year or block period. It is based on an assessment order, penalty order, TDS default, rectification, order giving effect, or other order creating a recoverable demand. The demand is ordinarily payable within 30 days, may be modified by the Assessing Officer, and reduction below 30 days needs prior approval of the Joint Commissioner.
March 30, 2026
Show AI Summary
Social and environmental statistics dissemination strengthens evidence-based policymaking through MoSPI's digital platforms, SDG dashboard, and stakeholder consultations.
MoSPI regularly releases social and environmental statistics publications through its official website and related digital platforms, including environment statistics, environment accounts, SDG indicator reports, and thematic demographic reports. The Ministry also uses the India SDG Dashboard, e-Sankhyiki portal, and Advance Release Calendar to support centralized data access, monitoring, and timely dissemination, while expert groups and stakeholder consultations are used to improve coverage, quality, relevance, accessibility, and public awareness.
March 30, 2026
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Artificial intelligence integration improves data discovery and user interaction on the Ministry's eSankhyiki portal and revamped website.
Artificial intelligence is being integrated into the eSankhyiki portal and the Ministry's revamped website to improve accessibility, searchability and usability of reports, datasets and publications. An AI-enabled chatbot has also been hosted to improve data discovery and user interaction, while no specific timeline has been fixed for full implementation of the AI-enabled tools.
March 30, 2026
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Energy statistics compilation highlights expanded energy-sector data coverage, harmonised end-use reporting, and growth in renewables and consumption.
The National Statistics Office has released the annual publication Energy Statistics India 2026, an integrated statistical compendium on India's energy sector. The publication brings together data on reserves, capacity, production, consumption, and import-export of major energy commodities, and includes energy balance tables, graphs, and sustainable energy indicators aligned with international standards. The 33rd edition expands coverage by adding credit flow, world energy statistics, coal consumption through e-auction, imported non-coking coal, sector-wise electricity consumption, and bunker supply data, while harmonising end-use consumption statistics across energy commodities.
March 30, 2026
Show AI Summary
Notice of demand in Form 103 sets out tax dues, payment timelines, and options for extension or instalments.
Notice of demand in Form 103 is issued by the Assessing Officer under section 289 of the Income-tax Act, 2025 read with Rule 179 of the Income-tax Rules, 2026 to communicate tax, interest, penalty or other sums payable for a tax year or block period. The demand is ordinarily payable within 30 days from service of the notice, though the Assessing Officer may alter the due date; any shortening requires prior approval of the Joint Commissioner. The assessee may pay through prescribed modes or seek extension or instalments before expiry of the payment period.
March 30, 2026
Show AI Summary
Union Government monthly accounts show consolidated receipts, expenditure and tax devolution up to February 2026.
Monthly accounts of the Union Government for the period up to February 2026 for FY 2025-26 record consolidated receipts, expenditure and tax devolution. The Government received total receipts of Rs.27,91,943 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts, and transferred Rs.12,66,369 crore to State Governments as devolution of share of taxes, higher than the previous year by Rs.85,837 crore. Total expenditure incurred up to February 2026 stood at Rs.40,44,592 crore, including revenue expenditure and capital expenditure.
March 30, 2026
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TDS credit mismatch resolution through electronic filing of Form No. 102 for aligning tax years and deduction records.
Form No. 102 is an electronic application for claiming TDS credit where income was offered to tax in one tax year but the related tax was deducted and reported by the deductor in a later year. The form is filed by eligible taxpayers to align the TDS credit with the correct tax year, and it requires particulars of the assessee, the relevant income, the deduction details, and supporting documents. The application is submitted through the e-filing portal and processed by the Assessing Officer.
March 30, 2026
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TDS credit mismatch relief through Form No. 102 allows taxpayers to align credit with the correct tax year online.
Form No. 102 is an optional online application for claiming TDS credit where income was included in a return for one tax year but the tax was deducted and deposited in a subsequent tax year. It may be filed by any taxpayer to align the TDS credit with the correct tax year in cases of timing mismatch, subject to a filing window of two years from the end of the financial year in which the TDS was deducted and reported. The form contains Part A and Part B, requires a valid PAN, cannot be edited after submission, and is filed only through the e-filing portal.
March 30, 2026
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Tax evasion detection in hospitality sector expands through data analytics, GST matching, and digital payment verification.
A state-wide tax enforcement drive in the hospitality sector has identified suspected turnover suppression through data analytics, risk assessment, and comparison with GST returns. The investigation covers establishments such as dhabas, restaurants, eateries, bakeries, sweet shops, and catering services, using tax intelligence inputs, online billing data, and digital payment records to verify reported turnover against actual receipts.
March 30, 2026
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Inventory valuation report requirements under tax law govern Cost Accountant certification, filing timelines, and verification of inventory valuation.
Form 101 is the prescribed inventory valuation report to be furnished by a Cost Accountant when an Assessing Officer directs valuation of inventories under Section 268(5)(ii) of the Income-tax Act, 2025 read with Rule 171. It is used to support correct inventory valuation for tax computation and verification, and is filed only when special valuation is directed. The report must be submitted within the time allowed by the Assessing Officer, subject to any extension not exceeding six months from the end of the month in which the direction is received.
March 30, 2026
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Inventory valuation reporting in Form 101 requires Cost Accountant certification when valuation is directed for tax compliance.
Inventory Valuation Report in Form 101 is furnished by an assessee when the Assessing Officer directs inventory valuation under section 268(5)(ii) of the Income-tax Act, 2025 read with rule 171 of the Income-tax Rules, 2026. The report is prepared and certified by a Cost Accountant after examining books, records and supporting documents, and is used for accurate inventory valuation for tax computation, verification and compliance with the Income Computation and Disclosure Standards. Form 101 is filed only for the tax year in which the direction is issued, within the time allowed by the Assessing Officer.
March 30, 2026
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E-commerce moratorium and TRIPS safeguard lapse as WTO ministers fail to reach consensus on digital trade rules.
Failure of the WTO ministerial conference to reach consensus on the extension of the e-commerce moratorium left unresolved the commitment not to impose customs duties on electronic transmissions. The deadlock reflected differing positions on the duration of the extension, and the lapse raises the prospect that members may impose import duties on digital transmissions. The same impasse also ended the safeguard against non-violation complaints under the TRIPS Agreement, increasing the risk that WTO-compliant measures may be challenged for affecting expected commercial gains.
March 30, 2026
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Proceeds of crime attachment under PMLA prevails over debt recovery laws in tainted asset proceedings.
Attachment of proceeds of crime under the Prevention of Money Laundering Act was described as prevailing over debt recovery legislation, including the SARFAESI and RDB Acts, where the property is linked to money laundering. The key legal point is that the PMLA operates with overriding effect in relation to attachment proceedings concerning tainted assets, and debt recovery mechanisms do not displace action taken under the anti-money laundering framework.
March 30, 2026
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Special audit report requirements under income tax law clarified for Form 100, supporting compliance and verification.
Form 100 is the audit report furnished by an Accountant when an assessee is directed to get accounts audited under section 268(5)(i) of the Income-tax Act, 2025. It certifies examination of the books of account and financial statements and records whether the accounts present a true and fair view. The report is filed only on a special audit direction, together with supporting financial statements, books, bank statements, and applicable audit reports, within the period specified by the Assessing Officer.
March 30, 2026
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ESG performance and sustainability leadership drive YES BANK's top ranking in S&P Global's banking assessment.
YES BANK reported improved ESG performance under the S&P Global Corporate Sustainability Assessment 2025, with a score of 79 out of 100 and recognition as India's highest-rated bank in the assessment. The bank stated that this result marked its fourth consecutive inclusion in the S&P Global Sustainability Yearbook and placed it among the top 15% of global banking leaders, based on evaluation across climate strategy, operational eco-efficiency, financial inclusion, human capital development, human rights, corporate governance, and risk management.
March 30, 2026
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RBI foreign exchange restrictions and weak crude-linked sentiment deepen pressure on equities and banking stocks.
Indian equity markets ended sharply lower amid escalating geopolitical tensions in West Asia, higher crude oil prices, weak global cues, and continued foreign fund outflows. Banking stocks faced additional pressure after RBI restrictions on banks' foreign exchange positions aimed at stabilising the rupee, while market participants flagged oil-price volatility and rupee weakness as risks to input costs and near-term earnings revisions.
March 30, 2026
Show AI Summary
Special audit report filing under Form 100 requires accountant certification, supporting records, and online submission compliance.
Form 100 is the audit report to be furnished by an Accountant when the Assessing Officer directs a special audit under section 268(5)(i). It certifies examination of the assessee's accounts and their true and fair view, and is filed only for the tax year in which the direction is issued. The form requires signed verification, supporting financial and accounting records, and submission through the e-filing portal with annexures and documents. The revised form aligns with the Income-tax Act, 2025 and uses simplified tabular reporting.
March 30, 2026
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Income-tax rate changes and procedural reforms reshape reassessment, penalties, tax credits, and indirect tax schedules in the finance bill.
Finance Bill, 2026 gives effect to the Central Government's financial proposals for the financial year 2026-2027 and operates as the Finance Act, 2026 with specified commencement dates. It revises income-tax rates, surcharge structures and health and education cess, and makes extensive amendments to the Income-tax Act, 1961 and the Income-tax Act, 2025 covering reassessment, return filing, assessment timelines, interest, penalty, waiver, immunity, tax credits, deductions, and related procedural rules. The Bill also updates indirect tax provisions, including customs, customs tariff and GST-linked schedule entries, by substituting, inserting and omitting specified rates and classifications.
March 30, 2026
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Income-tax appeal filing in Form 99 requires electronic submission of facts, grounds, supporting documents and disputed details.
Form No. 99 is prescribed for filing an appeal before the Joint Commissioner of Income-tax (Appeals) or the Commissioner of Income-tax (Appeals) against an appealable order passed by an Income-tax Authority. It is furnished electronically and captures the relevant order, taxes paid, disputed amounts, grounds of appeal, statement of facts, supporting documents and additional evidence, so that the appeal may be registered and processed in the prescribed appellate manner.
March 30, 2026
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PMLA attachment of proceeds of crime overrides prior secured interests under debt recovery laws in property disputes.
PMLA has an overriding confiscatory framework for attachment of proceeds of crime, and its operation is not displaced merely because the attached property is subject to a prior mortgage or secured interest under debt recovery laws. The court noted that SARFAESI and the Recovery of Debts and Bankruptcy Act serve different objects and cannot prevail over PMLA in attachment proceedings. Where confiscation has been ordered or trial has commenced, claims of legitimate interest in the attached property must be adjudicated by the Special Court.

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Corp. Laws, SEBI & IBC

Over 1 Lakh Startups have at Least One-Woman Director/Partner Among 2.12 Lakh Recognised by DPIIT

March 17, 2026

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Government Strengthens Startup Ecosystem with Multi-Stage Funding and Support Schemes

Startup India initiative was launched on 16th January 2016, with an intent to build a strong ecosystem for nurturing innovation, startups and encouraging investments in the startup ecosystem of the country.

As on 31st January 2026, a total of 2,12,283 entities have been recognised as startups by the Department for Promotion of Industry and Internal Trade (DPIIT). Of the total entities recognised as startups, 1,02,054 entities have at least one-woman director/partner.

As on 31st January 2026, a total of 2,12,283 entities have been recognised as startups by DPIIT. The data with respect to status of entities (active, dissolved, struck-off, etc.) is maintained by the Ministry of Corporate Affairs (MCA) on a cumulative basis. As per the MCA, 6,789 recognised startups are categorized as closed (i.e., dissolved/struck-off). Of the total number of entities which are categorized as closed (i.e., dissolved/struck-off), 2,950 have at least one-woman director/partner.

Under the Startup India initiative, the Government is implementing flagship Schemes such as Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS) and Credit Guarantee Scheme for Startups (CGSS) to support startups across categories at various stages of their business cycle.

FFS has been established to catalyse venture capital investments and is operationalized by Small Industries Development Bank of India (SIDBI), which provides capital to Securities and Exchange Board of India (SEBI)-registered Alternative Investment Funds (AIFs) which in turn invest in startups. As on 31st January 2026, supported AIFs under the Scheme have invested around Rs. 25,859 crore in selected startups. Further, from 2020 onwards, around Rs. 2,995 crore have been invested in women-led startups by AIFs under the Scheme, as on 31st January 2026.

SISFS provides financial assistance to seed stage startups through incubators. SISFS is implemented from 1st April 2021. As on 31st January 2026, selected incubators under the Scheme have approved funding of around Rs. 592 crore to selected startups, of which funds of around Rs. 294 crore have been approved to women-led startups.

CGSS is implemented for enabling debt funding to startups through eligible financial institutions. CGSS is operationalized by the National Credit Guarantee Trustee Company (NCGTC) Limited and has been operationalized from 1st  April 2023. As on 31st January 2026, loans amounting to around Rs 925 crore have been guaranteed to startup borrowers, of which loans amounting to around Rs 39 crore have been guaranteed to women-led startups.

The total number of startups selected and the total number of startups that are categorized as closed (i.e., dissolved/struck-off) as per the MCA, under the Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS) are as follows:

Scheme

No.  of startups selected for

support under the Scheme as on 31st January 2026

No.  of startups supported which are categorized as closed (i.e., dissolved/struck-off) as per the MCA.

FFS

1,382

17

SISFS

3,311

26

CGSS

281

1

This information was given by Union Minister of State for Commerce and Industry Shri Jitin Prasada in Lok Sabha today.

***

ANNEXURE-I

The State/UT-wise and year-wise number of entities recognized as startups that have at least one-woman director/partner, as on 31st January 2026, are as under:

State/UT

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

Andaman and Nicobar Islands

1

1

4

2

5

4

3

10

8

2

Andhra Pradesh

37

85

92

102

137

173

294

313

670

59

Arunachal Pradesh

-

-

-

-

4

5

8

5

16

-

Assam

8

28

30

53

83

122

168

170

216

24

Bihar

23

53

59

114

183

257

384

417

600

63

Chandigarh

8

10

21

27

38

36

64

49

57

4

Chhattisgarh

18

55

69

54

82

91

148

218

230

25

Dadra and Nagar Haveli and Daman and Diu

1

 

1

3

4

7

6

12

12

1

Delhi

240

568

671

834

1197

1283

1607

1471

1911

166

Goa

13

24

22

27

41

49

40

64

86

5

Gujarat

108

217

313

365

800

944

1431

1568

1845

184

Haryana

98

233

360

375

532

674

893

888

1250

116

Himachal Pradesh

1

6

14

12

23

56

65

74

83

12

Jammu and Kashmir

2

14

12

23

40

71

82

111

150

20

Jharkhand

16

35

37

85

89

108

172

151

207

22

Karnataka

298

536

807

757

1065

1242

1500

1629

2219

196

Kerala

49

112

267

249

398

431

534

506

736

81

Ladakh

-

-

-

1

-

1

3

2

1

-

Lakshadweep

-

-

-

1

-

-

-

-

-

-

Madhya Pradesh

32

123

150

173

264

421

622

616

846

121

Maharashtra

388

839

1110

1305

1937

2412

2913

3043

4043

386

Manipur

3

1

1

5

21

13

7

22

42

4

Meghalaya

-

1

5

-

5

5

6

11

12

-

Mizoram

-

-

-

1

1

3

6

6

6

-

Nagaland

1

1

1

3

4

3

13

21

15

-

Odisha

40

80

90

126

196

230

329

296

409

40

Puducherry

2

7

6

3

7

11

21

13

28

5

Punjab

9

35

54

72

125

147

226

219

268

31

Rajasthan

53

114

192

205

301

458

691

657

906

87

Sikkim

-

-

-

1

-

2

1

-

3

-

Tamil Nadu

105

221

318

378

591

922

1333

1341

1674

159

Telangana

134

232

306

390

520

723

919

933

1619

146

Tripura

-

1

4

10

4

13

8

20

17

4

Uttar Pradesh

174

364

449

662

1065

1303

1788

1842

2525

301

Uttarakhand

11

27

57

53

77

121

125

131

204

16

West Bengal

72

142

158

199

360

527

622

585

804

83

Total

1945

4165

5680

6670

10199

12868

17032

17414

23718

2363

ANNEXURE-II

The State/UT-wise details of the total number of entities which are categorized as closed (i.e., dissolved/struck-off) as per the MCA with at least one woman director/partner are as follows:

State/UT

No. of entities which are categorized as closed (i.e., dissolved/struck-off) with at least one woman director/partner

Andhra Pradesh

48

Assam

25

Bihar

36

Chandigarh

12

Chhattisgarh

28

Delhi

324

Goa

14

Gujarat

156

Haryana

133

Himachal Pradesh

7

Jammu and Kashmir

16

Jharkhand

24

Karnataka

384

Kerala

97

Madhya Pradesh

81

Maharashtra

586

Manipur

4

Meghalaya

1

Mizoram

1

Nagaland

2

Odisha

49

Puducherry

6

Punjab

29

Rajasthan

95

Tamil Nadu

173

Telangana

176

Tripura

5

Uttar Pradesh

303

Uttarakhand

19

West Bengal

116

Total

2950

ANNEXURE-III

The year-wise details of funds invested in startups by AIFs supported under the FFS, as on 31st January 2026, are as under:

Year

Amount invested by selected AIFs in startups (in Rs. crore)

Amount invested by selected AIFs in women-led startups (in Rs. crore)*

2017

343.52

-

2018

676.84

-

2019

1623.56

-

2020

2066.89

333.96

2021

3491.10

576.14

2022

5973.40

430.72

2023

3292.10

57.24

2024

3809.20

616.82

2025

4271.60

914.47

2026

311.40

65.79

*Note: Data on investment in women-led startups is available from 2020.

ANNEXURE-IV

The year-wise details of funds approved to startups by incubators selected under the SISFS, as on 31st January 2026, are as under:

Year

Amount approved to startups by selected incubators (in Rs. crore)

Amount approved to women-led startups by selected incubators (in Rs. crore)

2021

27.59

14.05

2022

111.78

53.74

2023

175.98

87.43

2024

165.83

84.22

2025

110.04

54.52

2026

0.9

0.79

ANNEXURE-V

The year-wise details of loans guaranteed to startups under the CGSS, as on 31st January 2026, are as under:

Year

Amount of loans guaranteed to startups (in Rs. crore)

Amount of loans guaranteed to women-led startups (in Rs. crore)

2023

220.78

13.6

2024

381.08

13.44

2025

206.32

10.18

2026

117.72

2

 

Topics

Acts Income Tax