Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Pak considering weekly petroleum price revision, mandatory work from home to ‘keep markets liquid’
    Russia always ready to supply crude oil to India: Envoy
    IVCA Conclave 2026 Marks 15 Years of Shaping India's Alternate Capital Ecosystem
    i-exceed Technology Solutions Headlines IFIF 2026 as Principal Partner
    GHR Lakshmi Urbanblocks LLP Takes Top Honour by Winning Realty+'Developer of the Year – Residential' Award 2026
    7th India–Japan CEPA Joint Committee Meeting Held in Tokyo; Secretary, Department of Commerce Shri Rajesh Agrawal Co-Chairs Discussions.
    CCI approves acquisition of additional shareholding in Generali Central Insurance Company and Generali Central Life Insurance by Central Bank of India...
    CCI approves acquisition of certain shareholding in Balaji Wafers by General Atlantic Singapore BWP Pte.
    CCI approves proposed combination inter alia involving acquisition of certain stake by Bagmane Prime Office REIT of Bagmane Developers and others.
    Aye Finance pilots Generative AI model for image-based underwriting of trading businesses
    China lowers economic growth target to 4.5-5 pc amid global, domestic uncertainties
    China sets lower economic growth target of 4.5pc to 5pc for 2026 as challenges loom
    CM Naidu pushes for comprehensive Family Benefit Management System in Andhra
    Karnataka Assembly Speaker seeks probe after Aadhaar cards found on riverbank in Mangaluru
    Court denies bail to IPS officer's husband in cheating case
    Iran war posing hurdles in supply chain; industries in Sambhajinagar facing delays in export
    Qatar shuts LNG output; supplies to India hit, city gas sector flags crisis
    China's factory activity contracts for second month
    Rupee slumps 69 paise to all-time low of 92.18 against US dollar in early trade
    GST fraud racket busted in Kanpur, Rs 250 crore transactions detected; two held
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
March 5, 2026
Show AI Summary
Weekly petroleum price revision to preserve market liquidity and compensate fuel suppliers amid supply-route disruptions.
The government proposes immediate measures to keep markets liquid after Strait of Hormuz disruptions by shifting to weekly petroleum price revision, establishing a mechanism to compensate OMCs and refineries for surged insurance, freight and import premiums, and directing PSO to tender imports outside the Strait. Regulators will temporarily ration supplies to dealers and retailers based on an eight month sales track record to discourage hoarding, while considering mandatory work from home and alternative routing to maintain supply continuity.
March 5, 2026
Show AI Summary
Energy security: Russia offers crude while India diversifies imports amid regional instability and external trade monitoring.
Russia affirms willingness to supply crude to India as West Asia instability and Strait of Hormuz disruptions threaten energy security. The article links recent military escalations to surging global prices, notes a fall in India's Russian oil purchases, and reports U.S. executive measures tying tariff relief to monitoring of India's Russian oil procurement. India emphasizes supplier diversification and protecting national interests in its procurement strategy.
March 5, 2026
Show AI Summary
Regulatory frameworks evolving to support long-term value creation, prompting stronger governance and deeper domestic capital participation.
The IVCA Conclave 2026 focuses on aligning evolving regulatory frameworks and stronger governance standards with deeper domestic capital participation to support long-term value creation. Industry leaders, institutional allocators, and regulators will examine AIF growth, fund governance, liquidity pathways, and capital allocation priorities, with an emphasis on institutionalizing compliance and reporting practices that enable disciplined deployment and diversified exit mechanisms in India's alternate capital ecosystem.
March 5, 2026
Show AI Summary
Inclusive finance expansion catalyses cooperative bank modernisation and AI-driven institutional transformation at national finance forum.
i-exceed Technology Solutions is Principal Partner of a national forum convening regulators, ministries, and financial stakeholders to accelerate inclusive finance, cooperative bank modernisation, and the emergence of AI-led financial institutions through three tracks focusing on cooperative banking, MSME capital access, and future AI-native systemic resilience, emphasising embedded finance, assisted banking models, and secure, scalable digital infrastructure to deepen credit access for underserved populations.
March 5, 2026
Show AI Summary
RERA approval and statutory permits underpin award-winning residential project, emphasising sustainability, wellness certification, and compliance.
The Cascades Neopolis carries RERA approval (TS RERA No: P02400009538) and HMDA building permission (No: 003505/BP/HMDA/0728/SKP/2024); it emphasizes construction commencement, a planned handover timeline, and industry certifications-IGBC Platinum pre-certification and WELL Pre-Certification-as key compliance and performance credentials relied upon for award assessment and execution-readiness.
March 5, 2026
Show AI Summary
Comprehensive Economic Partnership Agreement promotes diversified trade and investment, enhancing tariff certainty and regulatory predictability.
The Comprehensive Economic Partnership Agreement was reviewed with focus on implementation, using the Agreement to secure tariff certainty and regulatory predictability, facilitate movement of natural persons, and promote diversification of bilateral trade. Officials highlighted export potential in textiles, pharmaceuticals, agriculture and services and underlined domestic measures to improve ease of doing business that complement CEPA's facilitative framework for deeper trade and investment cooperation.
March 5, 2026
Show AI Summary
Combination approval permits Central Bank of India to increase shareholding in Generali insurers, subject to a regulatory order.
The Competition Commission has granted combination approval for Central Bank of India to increase its equity stakes in Generali Central Insurance Company Limited (general insurance) and Generali Central Life Insurance Company Limited (life insurance), expanding the bank's ownership in entities that supply distinct insurance products in India; a detailed Commission order will follow.
March 5, 2026
Show AI Summary
Merger control approval permits an investment firm to acquire shareholding in a national packaged foods manufacturer.
The Competition Commission of India approved the acquisition whereby General Atlantic Singapore BWP Pte. Ltd. will acquire certain fully diluted shareholding in Balaji Wafers Private Limited from existing shareholders, clearing the notified combination under the merger control framework; a detailed order will follow.
March 5, 2026
Show AI Summary
Combination approval: REIT to acquire developers and issue units in exchange for target shareholdings.
The Commission approved a proposed combination where Bagmane Prime Office REIT will directly acquire Bagmane Developers Private Limited (including Bagmane Green Power LLP), indirectly acquire Bagmane Rio Private Limited and, through BDPL, acquire the Luxor asset from Bagmane Constructions; Sponsor and certain third party shareholders will receive units of the Acquirer REIT in consideration for transfer of their shareholdings. The Acquirer REIT is SEBI registered and the Target Entities operate in commercial real estate, hospitality and renewable power generation.
March 5, 2026
Show AI Summary
Image-based underwriting using Generative AI standardizes income estimation and speeds credit decisions in underserved micro enterprise markets.
Aye Finance piloted an in house system using Generative AI and ML-including a Multimodal Large Language Model integrated with proprietary models-to estimate monthly sales of trading stores from store images and related parameters, automating income estimation to reduce manual fieldwork, lower cost to serve, increase processing speed, and standardise underwriting, thereby facilitating credit inclusion for micro scale MSMEs.
March 5, 2026
Show AI Summary
Economic growth target lowered to prioritise consumption, jobs and fiscal measures amid global and domestic uncertainties.
China reduced its economic growth target and set accompanying macro targets-including urban unemployment, urban job creation, CPI moderation, income growth alignment, balance of payments stability, steady grain output, and lower carbon emissions intensity-while announcing demand-side fiscal measures: an income-growth plan, targeted support for low-income groups and property income, reforms to remuneration and social security, issuance of special treasury bonds for consumer trade-in schemes, and a fiscal-financial coordination fund to expand domestic consumption.
March 5, 2026
Show AI Summary
Economic growth target provides policy leeway amid external trade risks and domestic demand pressures.
China sets an economic growth target modestly lower than recent practice and presents it as a tool to preserve policy flexibility for structural adjustment, risk prevention, and reform in the opening year of a new five year plan. The report links the target to responses to external trade and geopolitical risks and to domestic challenges including a supply demand imbalance, while emphasising strengthening the domestic economy and promoting technology development.
March 4, 2026
Show AI Summary
Family Benefit Management System directive to build integrated household database and issue universal family cards across the state.
The administration directed creation of a Family Benefit Management System compiling twenty-six household attributes-such as family identity, Aadhaar, rice card identity, education, profession, and contact details-and integrating records from multiple public and utility sources to build a comprehensive beneficiary registry. Officials reported most data is already available and the government intends to issue a family card to every household, instructing continued interagency data integration to operationalize the system for welfare delivery.
March 4, 2026
Show AI Summary
Data protection breach: probe sought after mass discovery of identity cards, with UIDAI inquiry and legal action requested.
A data protection and public safety concern arose when a large number of Aadhaar identity cards were found on the Nethravathi riverbank, prompting the Karnataka Assembly Speaker to ask UIDAI Bengaluru for immediate intervention, a thorough investigation to determine how the cards were disposed and identify those responsible, and initiation of appropriate legal action through the concerned department.
March 4, 2026
Show AI Summary
Bail refusal upholds detention of accused amid documentary evidence and witness-influence concerns, despite prior PMLA order.
Court denied bail to an accused in a cheating conspiracy who allegedly promised plots and flats from a government quota and used forged government documents; the magistrate found the chargesheet and documentary material crystallise his role, noted the seriousness of offences and risk of witness influence, and held that filing of the chargesheet and a separate money-laundering bail order did not by themselves justify release.
March 4, 2026
Show AI Summary
Supply chain disruption delays exports from Sambhajinagar, raising transport costs and risking customer loss for manufacturers.
Supply chain disruption from the US Israel conflict has delayed containers at Jawaharlal Nehru Port Authority and suspended certain shipping services, causing longer transit times, higher transport costs, halted agricultural shipments to affected regions, and commercial risks such as customer attrition, repatriation of cargo, and potential post conflict surcharges that would raise export costs for manufacturers in Chhatrapati Sambhajinagar.
March 4, 2026
Show AI Summary
Force majeure suspends LNG deliveries, disrupting contracted supplies and straining city gas distribution and industrial feedstock.
Reciprocal force majeure notices have been issued following attacks that prevent LNG tankers transiting the Strait of Hormuz, excusing non performance by the exporter and importer and prompting the importer to issue corresponding notices to downstream offtakers; the supply shortfall has reduced contracted gas availability for industrial and city gas distribution consumers, who seek confirmation on continued allocations while market participants assess costly spot replacements and insurance exclusions for acts of war.
March 4, 2026
Show AI Summary
Tariff reduction boosts export prospects while domestic demand weakness keeps manufacturing contraction risk elevated in coming months.
China's official manufacturing PMI returned to contraction, driven by weak domestic consumption and real estate weakness, while private-sector PMI showed export-led expansion. A judicial reduction of reciprocal tariffs has lowered US tariff levels globally and is expected to provide a modest boost to exports. Upcoming high-level bilateral talks and China's national congress, which will set a growth target and approve a five-year plan focused on technology and self-reliance, are poised to influence near-term manufacturing prospects.
March 4, 2026
Show AI Summary
Currency depreciation driven by crude oil price shock and capital outflows, worsening trade balance risk and market volatility.
Rupee depreciation accelerated as a spike in international crude prices amid geopolitical tensions prompted safe-haven flows and foreign portfolio outflows, driving the currency to a record low, pressuring equity markets and raising the risk of a larger fuel import bill that could strain the trade balance and market stability.
March 3, 2026
Show AI Summary
GST input tax credit fraud exposed; arrests and shell company network identification trigger criminal and financial probes.
An organised racket used stolen identity documents to register shell firms, obtain GST numbers and open bank accounts to perform large-scale GST Input Tax Credit (ITC) fraud by issuing fake invoices and generating fraudulent e-way bills; funds were routed through multiple accounts, criminal cases for cheating and forgery filed, evidence recovered and coordination with tax authorities and banks is underway.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters

Form 36 – Frequently Asked Questions

March 26, 2026

Contents
Forms
Summary
Note

Note

-

Bookmark

Print

Print

Form 36 – Frequently Asked Questions

Certificate for claiming deduction under section 151(5) of the Income-tax Act, 2025 by authors of certain books in receipt of royalty income

Name of form as per I.T. Rules, 1962 Form

10CCD

Name of form as per I.T. Rules, 2026

36

Corresponding section of I.T. Act, 1961

80QQB

Corresponding section of I.T. Act, 2025

151(5)

Corresponding Rule of I.T. Rules, 1962

19AC

Corresponding Rule of I.T. Rules, 2026

70

1: What is Form 36 ?

Ans: Form 36 is the prescribed form for filing of certificate for claim of deduction under section 151(5) of the Income-tax Act’ 2025 (“ITA 2025”) by authors of scientific, literary or artistic books (including books with ISBN numbers and similar publications), who are in receipt of royalty income or copyright fees or any lump sum consideration etc. in respect of such books, during the relevant tax year.

2: Who should file Form 36?

Ans: Any author, who is in receipt of income of the following nature, in connection with the publication of scientific, literary or artistic book, and who intends to claim deduction under section 151(5) of the Income Tax Act, 2025, should file the certificate in Form 36, -

➢ Royalty,

➢ Copyright fees,

➢ Lump-sum consideration for assignment or transfer of copyright, or

➢ Any similar income.

3. Who is required to verify the Form 36?

Ans. The author, who is in receipt of royalty income etc., during the relevant tax year, is required to make a self-declaration in Part B of the Form 36, to the effect that the deduction claimed is respect of the royalty income is in accordance with section 151 of the Act. Further, the publisher of the book, or the person responsible for making payment to such author, is also required to certify the details of the books published, and payments made to the author, independently in Part B of the Form 36.

4: Where and how the Form 36 is required to be filed?

Ans: The Form 36 shall be filed electronically on the e-filing portal of Income-tax Department. The form shall be furnished electronically either under digital signature or through electronic verification code, duly verified by the author. The details of the books published, and payments made to the author (as mentioned by the author in Rows 3 to 7 of Part B), are further required to be certified by the publishing house.

5: What is the time limit for filing Form 36?

Ans: The certificate in Form 36 for claim of deduction under section 151(5) of the ITA’ 2025 is required to be filed electronically on or before such “due date” for filing return of income prescribed under section 263(1)(c) of the ITA’ 2025, as may apply for the author claiming the deduction. This time limit is specified in the statute itself.

6: What documents are required to file Form 36?

Ans: The following documents may be required while filing Form 36, -

➢ Agreement between the Author and the Publisher,

➢ Royalty/fee statements,

➢ Bank advisories,

➢ Foreign Inward Remittance Certificate/ bank entry,

➢ Approval of competent authority for extension of period, if any, in case of foreign inward remittances

➢ ISBN copy/ publication record

7. Is Form 36 mandatory?

Ans: Filing of a valid Form 36 within the specified time limit, is a mandatory condition for making an admissible claim of deduction under section 151(5), by an author of books of certain nature in respect of royalty income etc. received during the relevant tax year.

8: Can I edit Form 36 after submission?

Ans: No. Once Form 36 is validly submitted, after self-declaration by the author and certification by the publishing house, and acknowledgment is generated, it cannot be edited. Please ensure that all details are correct before final submission.

9: Do I need to attach any document with the Form 36?

Ans: No. It is not mandatory to attach any document with the Form 36.

10: While filling Part A and Part B, can I leave any field blank?

Ans:

➢ PAN of the Author is mandatory. Name and complete address thereof shall be pre-filled, which can be updated by the user.

➢ PAN of the Publishing House can be left blank only if it is a foreign entity having no PAN.

➢ ISBN of the book published may be provided, if available.

➢ Amounts in Columns 5 to 8 of Part B may be mentioned, if applicable.

➢ Amount of deduction claimed in Column 9 is a mandatory field.

11: What if the author does not have a PAN?

Ans: Form 36 cannot be submitted without a valid PAN of the Author.

12: Can Form 36 be filed offline?

Ans: No. Form 36 can only be submitted online through the Income Tax e-Filing portal.

13: Why is Form 36 important?

Ans: Filing of a valid certificate in Form 36 within the specified time limit is a mandatory compliance for claiming deduction in respect of royalty income etc. from books of certain nature, under section 151(5) of the ITA’ 2025. However, the claim of deduction is further subject to fulfillment of various other eligibility conditions, as prescribed in the statute.

14. Can I mention the amounts of foreign inward remittances in the foreign currency?

Ans. No. The amounts of royalty received in foreign currency is required to be stated in Indian rupees, in the rows (7) and (8).

Topics

Acts Income Tax