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March 26, 2026
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Rent deduction declaration requires Form 31, with landlord details, rent evidence, and e-verification alongside the return.
Form 31 is the declaration to be furnished by an assessee claiming deduction under section 134 of the Income-tax Act, 2025 in respect of rent paid for residential accommodation. It applies to a resident individual who pays rent for furnished or unfurnished accommodation, does not receive house rent allowance, and does not own residential property at the place of employment or residence. The form is to be filed along with the return of income and requires rent details, landlord particulars, supporting documents, and e-verification through DSC or Aadhaar.
March 26, 2026
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Rent deduction declaration under section 134 requires Form 31 for eligible resident individuals without house rent allowance.
Form 31 is the declaration required for claiming deduction under section 134 for rent paid for residential accommodation. It applies to a resident individual who does not receive house rent allowance and does not own residential property at the place of employment or residence. The form must be filed along with the return of income, and the deduction is available on the basis of details furnished in the form, subject to the annual ceiling of Rs. 60,000.
March 26, 2026
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Deduction for dependant with disability requires Form 30, supported by medical certification, filing details, and electronic verification.
Deduction for maintenance, medical treatment, training and rehabilitation of a dependant with disability is supported by Form 30, which must be filed by a resident individual claiming expenditure for a dependant with disability or payments under an approved scheme. The form is filed with the return of income, supported by the medical authority certificate, and requires completion of assessee details, patient and disability particulars, upload of the signed verification, and e-verification through DSC or Aadhaar.
March 26, 2026
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Disability-related tax deduction requires Form 30, medical certification, and timely filing with the return of income.
Deduction is available for maintenance, including medical treatment, training and rehabilitation, of a dependant who is a person with disability, and for payments made under a qualifying insurance or specified scheme. Form 30 is the prescribed statement for claiming the deduction and must be filed by a resident individual along with the return of income. The medical authority certificate must be uploaded online, and a fresh certificate is required when a temporary disability certificate expires.
March 26, 2026
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Carry forward and set-off of amalgamated losses depends on Form 29 production certification and verified compliance.
Form 29 is the prescribed certificate for an amalgamated company to evidence achievement and maintenance of the prescribed level of production in an undertaking received through amalgamation. It is filed with the return of income to support compliance with the conditions for carry forward and set-off of accumulated loss and unabsorbed depreciation of the amalgamating company. The form must be certified by the principal officer and verified by an accountant, and it requires confirmation that the prescribed production threshold has been achieved and maintained within the specified period.
March 26, 2026
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Freight disruption and export relief measures shape India's response to West Asia-linked logistics stress and production shortages.
West Asia-related disruption in shipping and logistics has led to steep increases in freight charges, container shortages, stranded cargo and shipment cancellations affecting exporters in eastern India. Perishable goods, engineering products, textiles and medicines are among the sectors most affected, while the LPG supply crunch has added to production difficulties and air cargo costs have risen because of route changes and cancellations. The text also refers to relief measures, including waiver-based port concessions, the RELIEF scheme for conflict-linked losses and reimbursement support for eligible MSME exporters.
March 26, 2026
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Production compliance certificate governs carry forward and set-off benefits for amalgamated companies under the income tax rules.
Form 29 is the mandatory certificate under Rule 60 for an amalgamated company claiming carry forward and set-off of accumulated losses and unabsorbed depreciation under Section 116(4)(b)(iii). It certifies achievement and maintenance of the prescribed production level in acquired industrial undertakings, requires electronic filing with the return of income, and may cover multiple amalgamating companies. The production condition is 50% of installed capacity within four years of amalgamation and maintenance up to five years, with possible governmental relaxation in suitable cases.
March 26, 2026
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Slump sale reporting requires accountant certification of net worth and capital gains through online Form 28 filing.
Accountant's report in Form No. 28 (Form No. 3CEA) is required for an assessee undertaking a slump sale to certify the computation of net worth and capital gains under the Income Tax Act, 2025. The form applies where an undertaking or division is transferred as a going concern for a lump-sum consideration without assigning individual values to assets and liabilities. It must be furnished online on the income tax e-filing portal on or before the due date for filing the assessee's income tax return.
March 26, 2026
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Slump sale reporting under income tax law requires mandatory accountant certification, online filing, and timely submission through Form 28.
Form No. 28 is the accountant's report required under section 77(4) of the Income-tax Act, 2025 for computation of capital gains in a slump sale. It applies where an undertaking or division is transferred as a going concern for lump-sum consideration without assigning separate values to assets and liabilities, and it is mandatory for certifying net worth and capital gains. The form must be filed once in a year on or before the due date for the income-tax return, only online, and cannot be edited after submission. A valid PAN is required.
March 26, 2026
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Capital gains attribution framework for specified entities filing Form 27 with valuation support and electronic certification.
Form 27 is filed by every specified entity to furnish details of the amount attributed to capital assets remaining with the entity where a specified person receives capital asset or stock-in-trade on dissolution or reconstitution. It supports computation under Rule 50 and must be certified on the basis of a registered valuer's report. The form is filed electronically with the return of income and includes particulars of the amount taxable, its attribution to remaining assets, and the valuer's details.
March 26, 2026
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Form No. 27 reporting requirement governs valuation-based attribution of income on dissolution or reconstitution of a specified entity.
Form No. 27 is a mandatory income-tax reporting form prescribed under Rule 50 for a specified entity where income becomes taxable under section 67(10) on dissolution or reconstitution and a specified person receives capital asset, stock-in-trade, or both. It operationalises the attribution of such taxable income to the capital assets remaining with the specified entity and must be furnished for each tax year in which the relevant event occurs. The form requires electronic filing with the return of income and valuation-based attribution supported by a registered valuer's report.
March 26, 2026
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Tax audit Form No. 26 standardises disclosures, audit reporting, and filing requirements under the new income tax framework.
Prescribed Form No. 26 is the audit report and statement of particulars under section 63 of the Income-tax Act, 2025 read with rule 47 of the Income-tax Rules, 2026. Parts A and B contain the substantive disclosures for tax audit compliance, including books of account, method of accounting, income, expenses, losses, depreciation, deductions, international taxation, TDS/TCS, indirect taxation and quantitative details. Part C applies where accounts are audited under another law, while Part D applies where they are not. The form is required for specified business and professional thresholds and certain presumptive taxation cases, and is furnished through a structured online filing process.
March 26, 2026
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Mandatory audit reporting under Form No. 26 introduces clause-wise disclosures, UDIN compliance, and schedule-based tax audit filing.
Form No. 26 is the mandatory audit report and statement of particulars for persons carrying on business or profession whose accounts are required to be audited under section 63. It applies from tax years commencing on or after 1 April 2026, is due one month before the return filing deadline, and must be signed by an Accountant with UDIN, and FRN where applicable. The form uses Part B clause-wise Yes/No reporting with trigger-based schedules, and Parts C and D for audit reporting depending on whether accounts are audited under another law.
March 26, 2026
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Daily case register requirements for medical professionals under tax rules, including maintenance, exceptions, and non-filing status.
Form No. 25 prescribes a daily case register for medical professionals under Rule 46 of the Income-tax Rules, 2026. It records the patient's name, nature of service, fees charged, and date of receipt of fees. The form is mandatory for persons engaged in the medical profession, subject to the stated gross-receipts exceptions, and is maintained in addition to books of account. It is not furnished to the Department and has no due date.
March 26, 2026
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Daily case register compliance for medical practitioners requires tabular records, electronic access safeguards, and preservation obligations.
Form No. 25 is the prescribed daily case register for practitioners of any system of medicine under Rule 46 of the Income-tax Rules, 2026, subject to the prescribed gross receipt threshold and the position of newly set-up medical practices. It records patient and fee particulars in tabular form, is not furnished to the Income-tax Department, but must be maintained daily, produced before the Assessing Officer when called for, may be kept electronically with India-based access and backups, and must be preserved for seven tax years or until completion of reassessment proceedings.
March 26, 2026
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Permanent establishment audit reporting for royalty and technical services income now uses a structured Chartered Accountant certification format.
Form No. 24 is a statutory audit report for non-residents and foreign companies earning royalty or fees for technical services from India through a permanent establishment or fixed place of profession in India. It requires a Chartered Accountant's certification of the correctness of income computation, verification of the PE or fixed place, maintenance of books of account, and deduction only of expenses attributable to the PE while computing income under section 59. The form is filed annually, contains structured particulars of the assessee, agreement, PE, books examined, and income computation, and is submitted through the e-filing portal with digital signature verification.
March 26, 2026
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Competition approval for additional shareholding acquisition in Valuedrive Technologies through an alternative investment and trust co-investment structure.
The Competition Commission of India approved the proposed acquisition of additional shareholding in Valuedrive Technologies Private Limited by Setu AIF Trust, Konark Trust and MMPL Trust. The transaction concerns acquisition of shares on a fully diluted basis through an alternative investment fund and private trust co-investment structure. Valuedrive Technologies Private Limited operates as an operating-cum-holding company for the Spinny Group and carries on an electronic platform business for used motor vehicles, together with related subsidiary activities.
March 26, 2026
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Competition law approval for acquisition of shares in a listed NBFC by a Japan-based banking institution.
Competition Commission of India approval was granted for the acquisition of certain shares in Shriram Finance Limited by MUFG Bank Ltd. The acquirer is a Japan-based banking institution wholly owned and controlled by Mitsubishi UFJ Financial Group, Inc., and carries on banking-related activities in India including corporate banking loans, deposit accounts, remittances, trade finance, bank guarantees and hedging. The target is a listed non-banking financial company registered with the Reserve Bank of India, classified as an Investment and Credit Company and an NBFC-Upper Layer, engaged in financing commercial goods and passenger vehicles, construction equipment, farm equipment, MSMEs, two-wheelers, gold and personal loans.
March 26, 2026
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Competition approval for acquisition of Groww Asset Management shareholding by State Street Global Advisors
Competition approval was granted for the proposed acquisition of shareholding in Groww Asset Management Limited by State Street Global Advisors, Inc. The target manages schemes of Groww Mutual Fund, including equity, hybrid, debt and exchange traded fund schemes. State Street operates under the State Street Investment Management brand as the asset management arm of State Street Corporation. The detailed order of the Commission would follow.
March 26, 2026
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Competition combination approval for Coursera and Udemy merger, creating sole control over Udemy through a subsidiary merger.
Competition Commission of India approved a proposed combination involving the merger of Chess Merger Sub, a wholly owned subsidiary of Coursera Inc., with and into Udemy Inc., with Udemy surviving as a wholly owned subsidiary of Coursera. The transaction results in Coursera acquiring sole control over Udemy, and the combined company is expected to have post-closing shareholding in which existing Coursera stockholders hold approximately 59% and existing Udemy stockholders approximately 41% on a fully diluted basis.

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Japan's Leading Crypto Tax Platform, cryptact, Introduces INR-Priced Plans for India - 30% Off Through July 2026 to Support Tax Filing Season

April 1, 2026

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New Delhi, Delhi, India – Business Wire India cryptact, Japan's leading crypto tax platform with over 200,000 users since 2017, now serving investors across Japan, Canada, and India, today announced the launch of INR-denominated pricing plans for Indian users, effective April 2026. Since expanding into India in July 2025, cryptact has positioned its initial rollout as a trial period, offering its full suite of crypto tax calculation and portfolio tracking tools completely free of charge. This allowed thousands of Indian investors to experience the platform's capabilities firsthand and simplify their Virtual Digital Asset (VDA) tax reporting. Starting in April 2026, cryptact will fully commit to the Indian market by introducing paid INR-priced plans, enabling the company to deliver higher-quality services and features that better respond to the evolving needs of Indian crypto investors. Why Now India's crypto tax landscape demands precision. With a flat 30% tax on VDA gains, a 1% TDS on transactions, and no provision for loss offsets, accurate record-keeping and timely filing are essential — not optional. As the Income Tax Return filing window for AY 2026–27 runs from April to July, now is the time for crypto investors to get their records in order. For details on India's VDA tax provisions, refer to Section 115BBH of the Income Tax Act, 1961 on the official Income Tax Department website: https://www.incometaxindia.gov.in/w/section-115bbh-1 cryptact automates the complex work of compiling transaction histories across exchanges, DeFi protocols, and wallets, calculating gains and losses under Indian tax rules, and generating Schedule VDA-ready reports — so users can file with confidence and stay fully compliant. New INR Pricing Plans Starting April 2026, cryptact will offer the following plans priced in Indian Rupees: Plan Annual Price (INR) Transactions/Year Basic Rs 699 Up to 300 Prime Rs 2,999 Up to 2,000 Pro Rs 5,999 Up to 10,000 Pro+ Rs 14,999 Up to 50,000 Pro Unlimited Rs 29,999 Unlimited By subscribing to a paid plan, users gain the ability to download the documents required for tax filing. *A Free plan remains available for portfolio tracking and transaction management; however, tax report downloads are not included in the Free plan. Special Launch Offer: 30% Off Through July 2026 To support Indian investors during the critical tax filing season, cryptact is offering a 30% discount on all paid plans through July 31, 2026. No coupon code is needed — the discount is automatically applied at checkout. • Discount: 30% off all paid plans • Valid Until: July 31, 2026 • Applicable To: All paid INR plans • How to Apply: No coupon code required — the discount is automatically applied at checkout CEO's Comment "We are thrilled to bring cryptact's full capabilities to cryptocurrency investors in India. The ITR framework is tightening its regulations to capture crypto income more effectively. We are committed to providing taxpayers with an accurate and efficient calculation solution, bringing peace of mind to their cryptocurrency investments," said Amin Azmoudeh, Co-CEO, pafin Inc. Filing Crypto Taxes — Stay Compliant with Crypto Taxes in India India's tax authorities are increasingly using TDS data and advanced analytics to identify unreported crypto income. Penalties for non-compliance can be severe, including additional tax of up to 60% and potential prosecution. "Whether trading on Indian exchanges, international platforms, or through DeFi protocols, every taxable event must be reported." cryptact makes it easy: • Automatic data import from 137+ exchanges and blockchains via API and wallet connections • Support for 24,000+ cryptocurrencies, including DeFi and NFT transactions • India-specific tax reports, including Schedule VDA-compatible output • Accurate calculations aligned with Section 115BBH and TDS under Section 194S Get Started Today Sign up for free at https://www.cryptact.com/en and take control of crypto tax obligations before the filing deadline. For Existing India Exclusive Plan Users If you are currently subscribed to the India Exclusive Plan, please visit cryptact's Help Center for details on transitioning to the new INR-priced plans: https://support.cryptact.com/hc/en-us/articles/47258802526361#h_01KMPV5MSMXP9GX1AGVD3C8332 About pafin Inc. Services cryptact - Crypto tax calculations: Simplified. – Automatically calculate capital gains, access all the information needed for tax filing, and efficiently manage portfolios — all in one place. Trusted by over 200,000 active users. Website: https://www.cryptact.com/en X account: https://x.com/cryptact_India Company Name: pafin Inc. Date Founded: January 2018 Rep. Directors: Amin Azmoudeh, Co-CEO / Gaku Saito, Co-CEO Location: Frontier Kojimachi 5F, Kojimachi 3-2-4, Chiyoda City, Tokyo, Japan 102-0083 Media Contact Details pafin Inc., [email protected] (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR

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