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March 25, 2026
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Agricultural extension project notification under income-tax rules sets approval conditions, duration limits, and compliance requirements for tax benefits.
Form 21 is the prescribed income-tax notification form for an approved agricultural extension project under Section 47(1)(a) of the Income-tax Act, 2025, issued after approval under Rule 37 and published in the Official Gazette. It notifies the project, specifies the approved tax year(s), and sets out the terms, conditions, duration, expenditure limits, and beneficiary charges. The form records the applicant's particulars, project purpose, commencement date, approved period, estimated expenditure, and other conditions attached to approval.
March 25, 2026
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Agricultural Extension Project approval requires Form 20 filing, prior Ministry clearance, and electronic verification before commencement.
Form 20 is the prescribed income-tax application for approval of an Agricultural Extension Project under Section 47(1)(a) read with Rule 37. It must be filed electronically before commencement of the project and before seeking notification, with prior Ministry of Agriculture approval and compliance with Rule 37 conditions. The form requires applicant and project particulars, supporting documents, and verification through DSC or EVC. Defects must be rectified within one month, approval is notified in Form 21 and published in the Official Gazette, and it remains valid for up to three tax years.
March 25, 2026
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Electricity tariff stability keeps consumer burden unchanged while supporting farmers, households, industry, and power sector efficiency.
The Andhra Pradesh Electricity Regulatory Commission approved a tariff order for FY2026-27 keeping electricity tariffs unchanged across consumer categories, while also undertaking true-up/down and performance review of the distribution companies for FY2024-25 after public consultation. The order records a lower approved revenue gap than projected by the distribution companies and provides for full Government support of the approved gap, with the effect that consumers are not subjected to tariff increase or additional true-up burden.
March 25, 2026
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Personal loan interest rates shape EMI burden, repayment costs, and borrowing decisions for salaried individuals.
Interest rates are a primary determinant of the affordability of personal loans for salaried borrowers, directly affecting monthly EMI outgo, total repayment burden and overall budget planning. Even small differences in the rate can materially alter long-term repayment commitments, making comparison of rates and related charges an important step before borrowing. The rate offered to a salaried borrower is described as dependent on credit score, repayment history, monthly income, job stability, existing financial obligations and employer profile.
March 25, 2026
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Unpaid caregiving work shows a clear gender gap in Time Use Survey 2024, with women participating more and spending more time.
Time Use Survey 2024 measures participation in paid and unpaid activities and reports unpaid caregiving for household members among persons aged 15 to 59 years. It compares Time Use Survey 2024 with Time Use Survey 2019, noting differences in participation rates and average daily time spent on caregiving by men and women. The release highlights that women participate more in unpaid caregiving and spend more time on it than men.
March 25, 2026
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Infrastructure project monitoring through PAIMANA, integrated dashboards, and escalation-based review to reduce delays and improve execution.
MoSPI monitors ongoing Central Sector infrastructure projects costing Rs. 150 crore and above through PAIMANA, a web-based monitoring system integrated with DPIIT's portal under the principle of One Data One Entry. The platform automatically fetches project data, reduces manual entry, supports evidence-based monitoring, and provides customized dashboards, monthly reviews, and analytics for stakeholders. Delay-mitigation measures also include PRAGATI reviews and DPIIT's Project Monitoring Group, which uses milestone-based monitoring and a 5-tier escalation framework for issue resolution and fast-tracking of approvals and clearances.
March 25, 2026
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International trade law and WTO dispute settlement shaped CTIL's support for a regional moot court competition.
CTIL supported the 24th edition of the John H. Jackson Moot Court Competition as a Platinum Sponsor for the West and South Asia regional round. The event focused on international trade law, WTO law and dispute settlement, with CTIL research staff serving as judges and CTIL presenting its work in trade and investment law, capacity-building programmes and policy discourse.
March 25, 2026
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Agricultural extension project approval governs online filing, verification, and compliance for tax-benefit eligibility under the income-tax framework.
Form 20 is the prescribed income-tax application for approval of an agricultural extension project under Section 47(1)(a) of the Income-tax Act, 2025 read with Rule 37. It is used by an assessee seeking approval for a project undertaken for training, education and guidance of farmers, with prior approval from the Ministry of Agriculture and Farmers Welfare and expected expenditure, excluding land and building, exceeding the specified threshold. The form serves to secure approval-related tax benefits and to furnish structured disclosure of the project, expenditure estimates, beneficiary details, compliance history and prior approvals.
March 25, 2026
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Specified business notification for semiconductor wafer fabrication units through Form 19 and electronic filing requirements.
Form 19 is prescribed for an application seeking notification of a semiconductor wafer fabrication manufacturing unit as a specified business under the Income-tax law. It is used by an assessee carrying on, or proposing to carry on, semiconductor wafer fabrication manufacturing, and the application captures particulars of the assessee, the unit, and fulfilment of prescribed conditions to enable verification of eligibility for notification. The completed form, together with supporting approval documents where applicable, is filed electronically and examined for compliance with the statutory and rule-based requirements.
March 25, 2026
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Insolvency resolution delays and tribunal capacity constraints dominate debate on insolvency law amendments.
Debate on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 highlighted concerns that insolvency resolution and liquidation suffer from delay, value deterioration and low recoveries. Opposition members said limited capacity of the National Company Law Tribunal hampers timely disposal of cases and weakens the resolution framework, while also criticising the insolvency ecosystem for facilitating stripping of corporate assets. The discussion noted efforts to address timelines, capacity constraints and creditor recovery through the select committee report.
March 25, 2026
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Semiconductor wafer fabrication notification governs specified business status, mandatory filing, and tax benefits under the prescribed form.
Form 19 is the prescribed application for notification of a semiconductor wafer fabrication manufacturing unit as a specified business under section 46 of the Income-tax Act, 2025. It is required for assessee carrying on or proposing to carry on semiconductor wafer fabrication activity and is mandatory for claiming the associated tax benefits. The form seeks particulars of the assessee, the specified business, the proposed unit, commencement details, prescribed approvals, and confirmation that the unit is exclusively for semiconductor wafer fabrication, located in India, and operating under the required conditions.
March 25, 2026
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Specified business notification for affordable housing projects requires electronic filing, supporting documents, and compliance verification.
Form 18 is the prescribed application for notification of an affordable housing project as a specified business under section 46. It is required to be furnished electronically by an assessee seeking such notification and captures particulars of the assessee, the specified business, the proposed project, and compliance with prescribed conditions. Supporting documents such as the development agreement, sanction letter, and layout approval are attached to assist verification. The application is examined for compliance before notification may be granted.
March 25, 2026
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Affordable housing project notification through Form 18 is mandatory for claiming tax benefits under the specified business regime.
Form 18 is the prescribed application for notification of an affordable housing project as a specified business under section 46 of the Income-tax Act, 2025, and filing it is mandatory for availing the tax benefits available under that provision. The form requires the assessee to furnish particulars of the assessee, the specified business, the proposed project, compliance with prescribed conditions, and other project-related details, including project location, unit-wise area particulars, investment, title to land, development agreements, and a declaration certifying correctness of the information furnished.
March 25, 2026
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Approval for research-linked income-tax benefits through Form No. 17 requires detailed filing, verification, and ongoing annual compliance.
Form No. 17 is the prescribed electronic application for an Indian company and for a research association, university, college or other institution seeking approval under the relevant income-tax framework. It requires verified filing within the prescribed time, detailed particulars of the applicant, research activities, income, expenditure, donations, and supporting documents. The prescribed authority may issue a deficiency notice, and after approval the entity must furnish annual research-related compliance details.
March 25, 2026
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Form No. 17 approval applications require detailed disclosures, electronic filing, and ongoing compliance for research-related tax recognition.
Form No. 17 is the prescribed electronic application for approval under section 45(3)(b) for a company and section 45(4)(b) for a research association, university, college or other institution. The form requires disclosure of incorporation details, key persons, beneficial owners, registrations, research facilities, research projects, income and expenditure, together with prescribed enclosures and declarations. Approval remains subject to maintenance of books, audit and reporting obligations, compliance with conditions of approval, and the possibility of withdrawal if activities cease, become non-genuine, or are not carried out as required.
March 25, 2026
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Scientific research donation certificates streamline deduction verification through annual donor-wise reporting, Form 16 linkage, and corrected issuance.
Form 16 serves as the annual donor-wise certificate for contributions made to prescribed institutions for scientific research and is used to support verification of deductions claimed under the Income-tax Act, 2025. The certificate records aggregate donations received during the tax year, is not a receipt for individual transactions, and operates separately from transaction-level acknowledgments issued by the institution. It is linked to Form 15, must be issued once in each tax year on or before 31 May, and may be corrected if errors are found.
March 25, 2026
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Finance Bill 2026 advances budgetary approval as Lok Sabha passes the measure with government amendments.
Lok Sabha passed the Finance Bill 2026 with 32 government amendments, completing its role in the Budgetary approval process for 2026-27 and sending the Bill to the Rajya Sabha for further consideration. The Budget framework for 2026-27 provides for substantial expenditure and capital outlay, along with projected gross tax revenue, gross borrowing, and a lower fiscal deficit than the current fiscal year.
March 25, 2026
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Annual donor certificate for scientific research requires electronic FORM 16, separate from receipts and subject to deduction conditions.
Prescribed undertakings or institutions covered by section 45(3) must issue FORM 16 as an annual certificate to donors for sums received for scientific research. The certificate is issued once for the relevant tax year, on or before 31 May immediately following that year, and records the aggregate donation, donor particulars, the institution's approval details, and the relevant clause of section 45(3). FORM 16 is distinct from FORM 15, may be corrected or revised, and does not by itself guarantee deduction to the donor.
March 25, 2026
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Scientific research donation reporting under Form 15 requires annual filing, donor-wise particulars, and cross-verification of deductions.
Form 15 is a statutory annual information statement for prescribed undertakings or institutions receiving sums for scientific research, social science research or statistical research under the Income-tax Act, 2025. It must be furnished annually by the recipient institution and verified by the person authorised to verify its return of income, on or before 31st May following the relevant tax year. The form captures donor-wise and donation-wise particulars and serves as a primary data source for cross-verification of deductions claimed by donors, without itself conferring any deduction.
March 25, 2026
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Scientific research donation reporting under FORM 15 requires annual electronic furnishing by the recipient institution.
FORM 15 is a prescribed annual statement to be furnished by a prescribed undertaking or institution in respect of sums received for scientific research during a tax year. It applies to eligible sums received for scientific, social science or statistical research, and not to charitable donations. The obligation lies with the recipient institution, the statement is to be furnished annually on or before 31st May, and it must include donor-wise particulars, approval details, and receipt information. Non-furnishing or incorrect furnishing may affect the donor's deduction and attract statutory consequences.

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News and Press Release

110th Meeting of Network Planning Group under PM GatiShakti evaluates key Infrastructure projects

March 21, 2026

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NPG evaluates projects from Ministry of Railways, Ministry of Housing and Urban Affairs, Ministry of Road, Transport and Highways

The 110th meeting of the Network Planning Group (NPG) was convened at the Department for Promotion of Industry and Internal Trade (DPIIT) to evaluate infrastructure projects. The meeting focused on enhancing multimodal connectivity and logistics efficiency in alignment with the PM GatiShakti National Master Plan (PMGS NMP). The NPG evaluated 02 Rail projects, 02 Metro projects, 02 Road and Highway projects for their conformity to the PM GatiShakti principles of integrated multimodal infrastructure, last-mile connectivity to economic and social nodes and ‘Whole of Government’ approach. These initiatives are expected to boost logistics efficiency, reduce travel times, and deliver significant socio-economic benefits to the catchment areas of the project. The evaluation and anticipated impacts of these projects are detailed below:

Doubling of Rail line from Arakkonam to Chengalpattu (Tamil Nadu)The Ministry of Railways has proposed the doubling of the existing single broad-gauge railway line between Chengalpattu (CGL) and Arakkonam (AJJ) in Tamil Nadu. The project spans approximately 67.794 kilometres and passes through the districts of Chengalpattu, Kanchipuram, and Ranipet under the administrative jurisdiction of the Chennai Division of Southern Railway. The alignment covers 12 stations, including the junction stations at Chengalpattu and Arakkonam, five crossing stations, and five halt stations along the route.

The proposed doubling aims to enhance line capacity, improve operational efficiency, and facilitate smoother movement of passenger and freight traffic along this important corridor. The project is expected to reduce congestion, minimize delays, and strengthen regional connectivity, supporting economic growth and improved rail services across the region.

Proposed Quadrupling between Whitefield and Bangarpet Stations (Karnataka): The Ministry of Railways has proposed the construction of a double line between Whitefield and Bangarpet stations in Karnataka, covering approximately 47 km. The proposed quadrupling of the Whitefield–Bangarpet section is aimed at significantly enhancing logistics efficiency along the Bengaluru–Chennai corridor. Under the plan, the existing double line will be prioritized for passenger services, while the additional two lines will primarily handle freight traffic, reducing detention, improving punctuality, and augmenting overall line capacity.

This strategically important corridor provides vital inter-state connectivity between Karnataka and Tamil Nadu and supports substantial freight movement. The project is expected to lower transportation costs and enhance the global competitiveness of Indian industry by facilitating efficient movement of containerized EXIM cargo, steel, cement, petroleum products, fertilizers, and agricultural produce. With support from key freight terminals and sidings, the initiative will strengthen supply chains, optimize logistics operations, and contribute to sustained industrial and regional economic growth.

Ministry of Housing and Urban Affairs (MoHUA)

Mumbai Metro Line 11 (Anik Depot to Gateway of India) (Maharashtra): The Ministry of Housing and Urban Affairs has proposed the construction of Mumbai Metro Line–11 from Anik Depot to Gateway of India in Maharashtra, spanning a total length of 17.41 km. The fully underground corridor will feature multiple interchange stations connecting operational and upcoming metro lines, further strengthening the integrated metro network of approximately 337 km across the Mumbai Metropolitan Region. The alignment will provide high-capacity connectivity to key residential, commercial, institutional, and heritage areas of South and Central Mumbai, including Wadala, Byculla, Nagpada, Crawford Market, CSMT, Horniman Circle, and the Gateway of India.

The project is expected to deliver significant socio-economic benefits by easing road congestion and enhancing overall urban mobility. It will result in savings in travel time, vehicle operating costs, and fuel consumption, while also contributing to reduced road accidents and lower air pollution levels. The implementation of Metro Line–11 will substantially augment Mumbai’s public transport infrastructure and support the development of a more efficient, sustainable, and environmentally responsible urban transport system.

Pune Metro Rail Project Line-4B: Hadapsar-Loni Kalbhor and Line-4C: Hadapsar Bus Depot to Saswad Road (Maharashtra): The Ministry of Housing and Urban Affairs has proposed the development of Pune Metro Line–4 extensions (4B and 4C) in Maharashtra, covering a total length of 16.67 km. The proposed corridors are aimed at strengthening connectivity in Pune’s eastern and south-eastern regions by linking key residential, industrial, and emerging township areas along the Pune–Solapur Highway and Saswad Road, including Hadapsar, Manjari, Lonikalbhor, Phursungi, Bhekrai Nagar, and Wadki. Line–4B (Hadapsar–Lonikalbhor) will run along the Pune–Solapur Highway, while Line–4C (Hadapsar Bus Depot–Saswad Road) will extend along Saswad Road with seamless integration at Hadapsar.

The project is expected to significantly enhance Pune’s public transport infrastructure by improving connectivity with major bus depots and the Pune–Daund railway line. The extensions will facilitate smoother urban mobility, reduce road congestion and travel time, and contribute to lower vehicular emissions. The initiative will support sustainable urban growth and provide efficient, reliable public transport options for the expanding metropolitan region.

Ministry of Road, Transport and Highways (MoRTH)

Construction of 4 Lanning of Badnawar-Petlawad-Thandla-Timarwani from Badnawar Bypass  Timarwani Interchange of Delhi Mumbai expressway (NE-4)(Madhya Pradesh): The Ministry of Road Transport and Highways has proposed the four-laning of the 80.450 km Badnawar–Petlawad–Thandla–Timarwani corridor in Madhya Pradesh to enhance regional connectivity and strengthen economic integration. The upgraded highway will improve linkages between Badnawar, Petlawad, and Thandla and major cities including Ujjain, Dewas, Bhopal, Indore, Ratlam, Dahod, and Godhara, facilitating better access to essential services, markets, and employment opportunities.

The project will also provide seamless connectivity to the PM MITRA (Pradhan Mantri Mega Integrated Textile Region and Apparel) Park near Dotriya village in Dhar district, along with improved access to the Delhi–Mumbai Expressway and the Pithampur logistics hub. The enhanced corridor is expected to boost industrial growth, improve freight efficiency, and contribute significantly to the socio-economic development of the region.

Construction of FotuLa Tunnel with Approaches on NH-1(Ladakh): The Ministry of Road Transport and Highways has proposed the construction of the 2.65 km Fotu La Tunnel in the Union Territory of Ladakh to ensure reliable, all-weather connectivity along the Srinagar–Leh corridor (NH-01). The tunnel will bypass one of the highest and most weather-sensitive stretches of the highway, preventing frequent winter closures caused by heavy snowfall, avalanches, and black ice. The project is expected to reduce travel distance by approximately 8.5 km and cut travel time by around 23 minutes, significantly enhancing safety and operational efficiency.

Strategically important, the tunnel will facilitate uninterrupted movement of defence convoys and essential supplies, strengthening logistics along this critical route. It will also promote socio-economic development by ensuring stable connectivity between Leh, Kargil, and Srinagar, benefiting key locations such as Kargil, Khaltsi, Budhkharbu, Lamayuru, and Leh. Year-round access will improve connectivity to Leh Airport, support remote habitations, and drive sustained economic growth in Ladakh by maintaining continuous linkage with the rest of the country.

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