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March 25, 2026
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Scientific research programme approval reporting under tax law supports compliance monitoring, deduction verification, and administrative recordkeeping.
FORM 10 is a statutory report furnished by the prescribed authority in relation to a scientific research programme approved under section 45(3)(c) read with Rule 30. It is a post-approval monitoring instrument, furnished to the Chief Commissioner of Income-tax having jurisdiction over the sponsor within the prescribed time. The form records approval details, programme particulars, conditions of approval, and supports administrative monitoring, compliance verification, and cross-checking of deduction claims. It does not alter or substitute the approval granted under FORM 8.
March 25, 2026
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Scientific research deduction claims depend on programme-specific Form 9 receipts, approval linkage, and statutory compliance requirements.
Form 9 is a statutory receipt for payments made towards an approved scientific research programme and links the payment stage with the approval granted in Form 8 and the sponsor's deduction claim under section 45(3)(c) of the Income-tax Act, 2025. It is issued by the designated executing institution, records sponsor details, payment particulars, programme information, approved cost, tax years and cumulative receipts, and is programme-specific. The receipt supports but does not itself establish entitlement to deduction, which remains subject to statutory compliance and verification.
March 25, 2026
Show AI Summary
Form 9 receipt for approved scientific research payments supports deduction claims and compliance tracking.
Form 9 is the prescribed receipt for payments received towards an approved scientific research programme under section 45(3)(c) read with Rule 30. It is issued to the sponsor by the executing institution, records the payment against the approved programme in FORM 8, and supports the sponsor's deduction claim subject to compliance with the Act and Rules. The form is programme-specific, may be issued for each payment or tranche including advance payments, and captures the sponsor details, payment particulars, approved cost, approved tax years, and cumulative receipts. It is not filed with the tax department but retained as supporting evidence.
March 25, 2026
Show AI Summary
Scientific research programme approval under tax law requires Form 8, with defined scope, cost, compliance and monitoring conditions.
Form 8 is the statutory approval order for a scientific research programme under section 45(3)(c) of the Income-tax Act, 2025 and Rule 30. It is issued after examination of a sponsor's Form 7 application, records the approved scope, duration, cost, tax years and conditions of the programme, and is signed by the designated authority. The approval is programme-specific, cost-specific and time-bound, while post-approval compliance includes separate books, audit, reporting, asset restrictions and final completion reporting.
March 25, 2026
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Energy Star ratings shape window air conditioner pricing by raising upfront cost while lowering electricity bills and maintenance.
Energy Star ratings for window air conditioners reflect Bureau of Energy Efficiency standards and indicate how much cooling an AC delivers per unit of electricity consumed. Higher-rated units generally cost more upfront because they use advanced components, smarter controls, and more efficient motors and compressors, but they can lower electricity bills, reduce maintenance, and extend service life. Choosing the right star rating depends on usage patterns, room size, budget, and local electricity tariffs, with energy efficiency affecting both purchase price and long-term ownership cost.
March 25, 2026
Show AI Summary
Scientific research programme approval in FORM 8 governs tax deduction eligibility, compliance conditions, and programme-specific approval limits.
Approval in FORM 8 records the prescribed authority's sanction of a scientific research programme under section 45(3)(c) read with Rule 30, following an application in FORM 7. It is a statutory approval order, not a filing by the sponsor, and identifies the programme, approved tax years, approved total cost, and any attached conditions. FORM 8 is programme-specific and cost-specific, and deduction depends on compliance with the Act, the Rules, and post-approval obligations.
March 25, 2026
Show AI Summary
Scientific research approval through Form 7 creates a programme-specific gateway for deduction eligibility and post-approval compliance.
Prior approval for a sponsored scientific research programme is obtained through Form 7, which is the programme-specific application for approval of expenditure on scientific research carried out through a National Laboratory, University, Indian Institute of Technology or specified person. The prescribed authority examines the programme's feasibility and scientific merit, communicates approval or rejection in Form 8, and the approval is cost-specific and only a pre-condition for deduction. Post-approval compliance requires separate accounts, periodic reporting, restricted use of funds and completion reports.
March 25, 2026
Show AI Summary
Prior approval for scientific research deduction requires FORM 7 before commencement, with strict programme-specific compliance conditions.
A sponsor seeking deduction for expenditure on a scientific research programme must furnish FORM 7 as the prescribed application for prior approval before commencement. Separate applications are required for each programme, and the form calls for details of the sponsor, the proposed research programme, its duration and estimated cost, and the executing institution. Approval may be granted only for eligible programmes carried out through specified institutions, while market research, sales promotion, routine quality control, commercial production, and routine data collection are excluded.
March 25, 2026
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Rupee weakness amid foreign fund outflows, lower crude prices and expectations of RBI dollar support.
The rupee weakened in early trade against the US dollar amid sustained foreign fund outflows and market uncertainty linked to the West Asia crisis. The decline was partly cushioned by lower global crude oil prices, a weaker dollar and a firm opening in domestic equity markets. Market participants also expected RBI intervention through dollar sales, while exporters were hedging and importers buying on dips.
March 25, 2026
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Audit report compliance for deduction claims under income-tax law requires Form 6, UDIN, and electronic verification.
Form 6 is the prescribed income-tax audit report for an assessee claiming deduction under Section 44 or Section 51 of the Income-tax Act, 2025, and must be certified by an accountant. It is to be filed electronically through the Income-tax e-Filing Portal, verified by Digital Signature Certificate, and furnished one month before the due date for the return of income for the relevant Tax Year. The form requires audit confirmation, supporting records, UDIN generation, and assessee verification for claims under both deduction provisions.
March 25, 2026
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Audit-certified deduction reporting requires electronic Form 6 filing, accountant certification, UDIN, and digital verification for qualifying expenditure claims.
Form 6 is the prescribed audit report for an eligible assessee claiming deductions under section 44 for preliminary or project-related expenditure or under section 51 for mineral prospecting and development expenditure. It must be certified by an accountant and furnished electronically through the Income-tax e-Filing Portal. The form is filed once in the first tax year in which the deduction is claimed, at least one month before the due date for furnishing the return of income, with UDIN generation and digital verification required.
March 25, 2026
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Money laundering bail refusal highlights serious economic offences, sufficient PMLA material, and unresolved double mortgage allegations.
Bail was refused in a money laundering prosecution under the Prevention of Money Laundering Act where the court found sufficient material linking the accused to the offence and treated the recorded PMLA statements as forming a formidable case. The court observed that economic offences pose a serious threat to the financial health of the country and that the gravity, seriousness and magnitude of the alleged conduct, along with the accused's major role, weighed against release on bail. Partial repayment did not discharge criminal liability, and the absence of an explanation for the alleged double mortgage remained relevant at the bail stage.
March 24, 2026
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Money laundering bail disputes hinge on fraudulent credit facilities, double mortgaging, and the gravity of economic offences.
Bail in a money laundering prosecution was opposed on the basis that the accused was linked to allegedly fraudulent borrowing and diversion of bank credit facilities, including mortgage and alleged double sale of secured properties. The prosecution relied on statements under the Prevention of Money Laundering Act and other material to contend that sufficient evidence connected the accused to the offence and that the matter involved a serious economic offence affecting the financial system.
March 24, 2026
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Scheduled Caste status and religious conversion: membership ends immediately on conversion to a non-specified faith.
A person belonging to a Scheduled Caste loses that status on conversion to a religion other than Hinduism, Sikhism or Buddhism, and the loss is immediate and complete from the moment of conversion. The bar in the Scheduled Castes Order, 1950 is categorical, so a person who professes and practices a non-specified religion cannot claim Scheduled Caste membership for statutory benefits, protections, reservations or other entitlements flowing from that status.
March 24, 2026
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Green budget drives welfare schemes, electric mobility, disaster readiness and sectoral infrastructure spending across Delhi.
Delhi's FY27 budget sets out a broad fiscal and welfare programme with major allocations for environmental protection, education, health, transport, urban development, social welfare and water supply. It introduces measures such as free diagnostic tests for newborn babies, bicycles for girl students, free LPG cylinders for ration card-holding families on Holi and Diwali, the Mahila Samriddhi Yojna, electric auto-rickshaw permits for women and transgender persons, and expanded Ayushman Bharat Health coverage. It also provides for electric buses, a semiconductor policy, disaster management infrastructure, firefighting upgrades and water and sewage projects.
March 24, 2026
Show AI Summary
Preliminary expense disclosure in Form 5 requires electronic filing, detailed reporting, and strict compliance for income-tax deduction claims.
Form 5 is a mandatory electronic statement for an assessee claiming deduction for preliminary expenses under the Income-tax Act, 2025, to be furnished in accordance with Rule 27 and one month prior to the due date for filing the return of income. It requires disclosure of assessee particulars and transaction-level details of qualifying preliminary expenses, including feasibility reports, project reports, market or business surveys, and engineering services, with related PAN, TDS, and payment particulars.
March 24, 2026
Show AI Summary
Preliminary expenses deduction reporting requires electronic Form 5, with item-wise disclosure, verification, and timely portal filing.
Electronic Form 5 is the prescribed statement for reporting preliminary expenses claimed as a deduction under Section 44 of the Income-tax Act, 2025. It applies to eligible expenditure connected with setting up or extension of a business, including feasibility reports, project reports, market or business surveys, and engineering services related to business, and must be filed for each tax year through the income-tax portal using digital signature or electronic verification. The form requires disclosure of assessee particulars, item-wise expense details, service-provider information, payment particulars, and TDS data where applicable.
March 24, 2026
Show AI Summary
Functional cooperatives survey training set to standardise nationwide data collection and measure economic contribution.
Preparatory training was organised for the Rapid Survey of Functional Cooperatives before six months of field work beginning in April 2026. The workshop brought together senior officers and field functionaries who will serve as Master Trainers for subsequent regional training, with the aim of standardising nationwide survey operations. The survey will assess the contribution of functional cooperatives to employment generation and economic activity across rural and urban areas, and will estimate indicators such as Gross Value Added, Gross Value of Output and employment generated by cooperatives.
March 24, 2026
Show AI Summary
Unincorporated sector survey shows stronger employment, higher value added, rising wages and wider internet adoption across establishments.
Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025 covers unincorporated non-agricultural establishments in manufacturing, trade and other services, and collects data on workers, Gross Value Added, emoluments, fixed assets, loans, ownership, registration status and use of information and communication technology for policymaking and national accounts. The survey reports growth in establishments, employment, Gross Value Added, labour productivity, female-owned proprietary establishments, emolument per hired worker and internet use, and notes a revised sampling design enabling quarterly selection and district-level annual estimates.
March 24, 2026
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District-led export promotion expands through local committees, action plans, and market access support for MSMEs and farmers.
District-led export promotion under the Districts as Export Hubs initiative is implemented through State Export Promotion Committees and District Export Promotion Committees across all States and Union Territories. District Export Action Plans identify export potential in local products and sectors, while outreach events, public data portals, and district-level committees are used to build awareness, address bottlenecks, and support exporters, manufacturers, MSMEs, farmers, and small-scale industries.

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Customs & Trade

Herbalife to Expand Its Personalized Nutritional Supplement Capabilities Through Planned Acquisition of Bioniq

March 27, 2026

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Transaction accelerates Herbalife and Cristiano Ronaldo's commitment to scale personalized nutrition and wellness globally BENGALURU, India, March 27, 2026 /PRNewswire/ -- Herbalife Ltd., (NYSE: HLF), a premier health and wellness company, community and platform, today announced an agreement to acquire certain assets from Bioniq, a UK-based personalized supplements company focused on making health more accessible and actionable. The transaction advances Herbalife's vision of becoming a technology-enabled, data-driven health and wellness platform. "The future of health and wellness is becoming more personalized and informed by data," said Herbalife Chief Executive Officer, Stephan Gratziani. "By combining Bioniq's personalized supplement technology with Pro2col and the power of our global distributor network, we are expanding our ability to deliver personalized wellness at global scale." Bioniq develops personalized supplement formulas using its patented product personalization engine, an individual's health background, and a proprietary database of biomarkers. Bioniq's personalized supplement formulations are designed for a broad range of individuals, from everyday wellness consumers to elite athletes, including Cristiano Ronaldo. Bioniq will complement Herbalife's prior acquisitions of Pro2col and Link BioSciences by enabling Herbalife to offer a broader range of personalized nutritional supplements across multiple delivery formats. Combining Bioniq's offering with Herbalife's global manufacturing expertise will enable the Company to expand personalized nutrition at scale and speed. "I founded Bioniq in 2019 with a vision to help people optimize their wellbeing through a science-driven approach to nutrition that incorporates biomarker and lifestyle data," said Vadim Fedotov, Founder and President of Bioniq. "I am excited to join Herbalife with its global distributor network and commitment to advancing wellness at scale." As a long-time global nutrition partner of Herbalife and Bioniq shareholder, Cristiano Ronaldo shares Herbalife's vision to accelerate the availability of personalized nutritional supplements at scale through its global distributor network. "Throughout my career, biometrics and personalized nutrition have been central to helping me perform and compete at the highest level. As a longtime Herbalife and Bioniq user, I've experienced firsthand how a tailored approach to nutrition can help optimize performance," said Cristiano Ronaldo. "I'm delighted to see Bioniq's personalized supplements become part of Herbalife's expanding access to nutritional supplements, helping people take a more informed approach to their health, wellness and performance." The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals. The $55 million purchase price will be paid over five years, including an initial payment of $10 million at closing. In addition, the transaction value includes up to $95 million of contingent payments based on future performance. As part of the transaction, Herbalife also obtained a call option to acquire Bioniq LAB, a separate platform focused on small molecules and peptides. The call option provides Herbalife with strategic flexibility to evaluate potential longer-term opportunities in this area in a disciplined and capital-efficient manner. Bioniq's personalized nutritional supplements are expected to be offered later this year through Herbalife independent distributors for customers in select countries in Europe and the United States, with additional markets to follow. For more information, visit www.herbalife.com. About Herbalife Ltd. Herbalife (NYSE: HLF) is a premier health and wellness company, community and platform that has been changing people's lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers science-backed products to consumers in more than 90 markets through entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle to live their best life. For more information, visit https://ir.herbalife.com. About Bioniq Bioniq, launched in 2019 in London, UK, is an industry leader in offering personalized supplements based on personal questionnaires and blood test data. Shipping globally and utilizing one of the largest personalized nutrition databases, Bioniq has created unique formulas for hundreds of thousands of users that incorporate components and dosages tailor-made to each individual's nutrient deficiencies. For more information, visit: https://www.bioniq.com/. Forward-Looking Statements This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objectives of management, including for future operations, capital expenditures, or share repurchases; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; any statements of belief or expectation; and any statements of assumptions underlying any of the foregoing or other future events. Forward-looking statements may include, among others, the words "may," "will," "estimate," "intend," "continue," "believe," "expect," "anticipate" or any other similar words. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results or outcomes could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, many of which are beyond our control. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in or implied by our forward-looking statements include the following: • the potential impacts of current global economic conditions, including inflation, unfavorable foreign exchange rate fluctuations, and tariffs or retaliatory tariffs, on us; our Members, customers, and supply chain; and the world economy; • our ability to attract and retain Members; • our relationship with, and our ability to influence the actions of, our Members; • our noncompliance with, or improper action by our employees or Members in violation of, applicable U.S. and foreign laws, rules, and regulations; • adverse publicity associated with our Company or the direct-selling industry, including our ability to comfort the marketplace and regulators regarding our compliance with applicable laws; • changing consumer preferences and demands and evolving industry standards, including with respect to climate change, sustainability, and other environmental, social, and governance matters; • the competitive nature of our business and industry; • legal and regulatory matters, including regulatory actions concerning, or legal challenges to, our products or network marketing program and product liability claims; • the Consent Order entered into with the Federal Trade Commission, or FTC, the effects thereof and any failure to comply therewith; • risks associated with operating internationally and in China; • our ability to execute our growth and other strategic initiatives (such as restructuring efforts, increased market penetration in existing markets, and personalized product and related technology initiatives); • the effectiveness and acceptance of new technology-driven initiatives; • any material disruption to our business caused by natural disasters, other catastrophic events, acts of war or terrorism, including the wars in Ukraine and the Middle East, cybersecurity incidents, pandemics, and/or other acts by third parties; • our ability to adequately source ingredients, packaging materials, and other raw materials and manufacture and distribute our products; • our reliance on our information technology infrastructure, and our ability to successfully develop, deploy, and integrate artificial intelligence into our business; • noncompliance by us or our Members with any privacy, artificial intelligence and data protection laws, rules, or regulations or any security breach involving the misappropriation, loss, or other unauthorized use or disclosure of confidential information; • contractual limitations on our ability to expand or change our direct-selling business model; • the sufficiency of our trademarks and other intellectual property; • product concentration; • our reliance upon, or the loss or departure of any member of, our senior management team; • our ability to integrate and capitalize on acquisition transactions; • restrictions imposed by covenants in the agreements governing our indebtedness; • risks related to our convertible notes; • changes in, and uncertainties relating to, the application of transfer pricing, income tax, customs duties, value added taxes, and other tax laws, treaties, and regulations, or their interpretation; • our incorporation under the laws of the Cayman Islands; and • share price volatility related to, among other things, speculative trading and certain traders shorting our common shares. Additional factors and uncertainties that could cause actual results or outcomes to differ materially from our forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission on February 18, 2026, including under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and in our Consolidated Financial Statements and the related Notes included therein. In addition, historical, current, and forward-looking sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future. Forward-looking statements made in this release speak only as of the date hereof. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law. Photo: https://mma.prnewswire.com/media/2943996/Herbalife_Bioniq.jpg' alt='Embedded Media' /> Logo: https://mma.prnewswire.com/media/2238437/5887103/Herbalife_Logo.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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