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    Guidance Note – Form 81
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March 30, 2026
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Tonnage Tax Scheme audit report filing requires accountant certification, supporting annexures, and electronic submission within the specified date.
Form No. 81 is prescribed for furnishing the audit report under section 232(21) for a company that has opted for taxation under the Tonnage Tax Scheme. The report, prepared and certified by an accountant, verifies books of account, computation of shipping income, compliance with charter-in limits, and other statutory conditions. It is to be furnished on or before the specified date and may include annexures such as charter arrangement certificates, related party notes, asset notes, and loss statements.
March 30, 2026
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Tonnage Tax Scheme reporting requires accountant certification, separate books, and detailed disclosure of shipping income and compliance.
Form 81 is an accountant's report for a company opting for the Tonnage Tax Scheme, certifying the correctness of books of account and income computation for qualifying ships. It requires separate books, disclosure of charter-in compliance, shipping income, statutory reserve details, ship-wise tonnage income, related party transactions, depreciation, non-exclusive assets, and losses, with mandatory annexures where applicable and reasons for any negative or qualified answers.
March 30, 2026
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Tonnage Tax Scheme option filing requires Form 80, supporting vessel documents, and electronic verification of eligibility.
Form No. 80 is the prescribed electronic application for an Indian company engaged in operating ships or inland vessels to exercise or renew the option to be governed by the Tonnage Tax Scheme. It requires particulars of the applicant, ships or inland vessels, supporting certificates and approvals, and is used to verify whether the statutory conditions for coverage under Chapter XII-G are satisfied.
March 30, 2026
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Tonnage tax scheme application rules govern Form 80 filing, renewal, verification, completeness, and false statement liability.
Form 80 is the mandatory application for an eligible Indian company engaged in the operation of ships or inland vessels to exercise or renew the option under the tonnage tax scheme. The form must be filed within the prescribed time, includes Part A for all cases and Part B only for renewal, and requires detailed ship-wise particulars with supporting annexures. It is filed with the jurisdictional Joint Commissioner and must be signed by the authorised signatory. Incomplete applications may be treated as invalid, and false statements in the form or annexures attract prosecution.
March 30, 2026
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Pass-through taxation reporting for investment funds through Form 79, with unit holder income disclosure and auto-generated statements.
Form 79 is the consolidated annual statement for Investment Funds to report income paid or credited to unit holders under the pass-through taxation framework. Eligible Category I or Category II AIFs, and comparable IFSCA-regulated funds subject to the stated conditions, must file it annually by 15 June with detailed fund-level income, loss, set-off, and unit holder-wise distribution particulars. The form requires verification by both an authorised person and a qualified accountant, and its filing triggers auto-generation of Form 78 statements for unit holders.
March 30, 2026
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Investment fund income distribution reporting requires Form 79 filing online with supporting records and prescribed timelines.
Form 79 is the statement of income paid or credited by an investment fund to persons liable to tax on such income, and it must be filed by the person responsible for making the payment or credit on behalf of the fund. The statement is to be submitted online through the Income Tax e-filing portal by 15 June of the financial year following the tax year, with supporting records including audited financial statements, unit holder details, income distribution data, loss set-off computations, and the relevant registration certificate.
March 30, 2026
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Pass-through taxation reporting through Form 78 requires unit holder income statements, capital gain codes, and timely furnishing
Form 78 is the individual unit holder statement for income distributed by an Investment Fund under section 224 and Rule 145, furnished by the person responsible for payment or credit on behalf of the Fund to each unit holder by 30 June of the following financial year. It is system-generated from the consolidated parent Form 79 and includes unit holder details, fund particulars, income or loss classification with capital gain codes, and deemed loss details under section 224(3). No separate documents are required, and the form supports transparent pass-through income reporting by unit holders.
March 30, 2026
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Pass-through income reporting through Form 78 supports compliance, income classification, capital gains coding, and loss carry-forward.
Form 78 is the statement of income paid or credited by an investment fund to each unitholder under section 224 of the Income-tax Act, 2025. It is a child form generated from the parent Form 79 through the e-filing portal and is not filed separately or offline. The form must be furnished by 30 June of the financial year following the tax year, and it helps unit holders report pass-through income, classify income under the correct heads, apply capital gains tax rate codes, and use deemed loss details for carry-forward purposes.
March 30, 2026
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Business trust income distribution statements require auto-generated Form 77 for unit holders with income breakup and timely furnishing.
Form 77 is the individual unit holder statement furnished by a Business Trust to each unit holder for reporting income distributed during the tax year. It is generated automatically from Form 76 through the e-filing system, requires no separate attachments, and is furnished to each unit holder by 30 June following the tax year. The form captures unit holder details, business trust details, and income distribution particulars, including interest, letting, leasing or renting income, dividend income, and other income, and is verified by the responsible person for the trust.
March 30, 2026
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Pass-through income reporting under business trust rules through Form 77 and classified disclosure for unitholders.
Form 77 is the prescribed statement for furnishing income distributed or credited by a business trust to each unitholder under section 223. It is generated from the parent Form 76 through the prescribed e-filing portal, is not filed separately or offline, and must be furnished by 30 June of the following financial year. The form supports compliance by classifying pass-through income and assisting unitholders in reporting income under the appropriate heads.
March 30, 2026
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Business trust income reporting through Form 76, capturing distributions to unit holders under the pass-through taxation framework.
Form 76 is the annual income-tax statement required from a Business Trust registered with SEBI as a REIT or InvIT for reporting income distributed to unit holders under section 223 of the Income Tax Act, 2025 and rule 145 of the Income Tax Rules, 2026. The form captures the trust's basic details, trustee particulars, SEBI registration data, listing status, income classification, unit holder-wise distribution, and capital redemption details, and is to be filed electronically by 15 June of the financial year following the relevant tax year.
March 30, 2026
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RBI net open position cap for banks lifts rupee in early trade as dollar exposure is reduced
RBI lowered the net open position that banks may keep overnight to USD 100 million, requiring compliance by 10 April 2026. The circular was aimed at limiting banks' currency exposure in onshore foreign exchange markets and prompted position adjustment by banks holding long dollar positions. The measure had an immediate market effect, with the rupee recovering in early trade after recent weakness.
March 30, 2026
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Pass-through taxation for business trusts through Form 76 filing, income distribution reporting, and online compliance requirements.
Form 76 is the prescribed online statement for income paid or credited by a Business Trust to its unitholders. It must be filed by the person responsible for distributing income on behalf of the trust by 15 June of the following financial year, and the filer must possess the relevant registration certificate, audited accounts, and certified income distribution records. The form supports pass-through taxation for Business Trusts and the exemption structure for specified income streams.
March 30, 2026
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Pass-through income reporting through Form 75 enables investor-wise disclosure by venture capital funds and companies.
New Form 75 is a child form generated from Form 74 for furnishing an investor-wise statement of income paid, credited or deemed to be credited by a Venture Capital Company or Venture Capital Fund to investors. Linked to section 222 of the Income-tax Act, 2025 and rule 145 of the Income-tax Rules, 2026, it provides head-wise details of pass-through income for reporting in the return of income. The form is prepared annually for each investor, verified by the authorised person of the VCC or VCF, and distributed through the e-filing process.
March 30, 2026
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Member-driven WTO reforms discussed as India and the European Union review trade cooperation and advance free trade agreement processes.
India and the European Union reviewed trade and economic cooperation on the sidelines of the WTO Ministerial Conference, with discussion on WTO reform, the moratorium on customs duties on electronic transmissions, and the Investment Facilitation for Development Agreement. The parties agreed that WTO reforms should remain member-driven and considered steps to complete the necessary processes for the early signing of the recently concluded India-EU Free Trade Agreement.
March 30, 2026
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India-Canada CEPA talks advance alongside wider sectoral cooperation and WTO reform discussions at MC14.
India and Canada discussed expediting CEPA negotiations and broadening sectoral cooperation in shipbuilding, pharmaceuticals, tourism, education, nuclear energy, agriculture and critical minerals. The Ministers also exchanged views on WTO reforms, the customs duties moratorium on electronic transmissions, the Investment Facilitation for Development Agreement, dispute settlement and the MPIA, while India stressed consensus-based WTO decision-making and priority for unfinished agricultural mandates.
March 30, 2026
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India-UK trade cooperation advances as both sides review CETA implementation and promote wider stakeholder outreach.
India and the United Kingdom reviewed implementation of the India-UK Comprehensive Economic and Trade Agreement after completing internal approval processes, and looked forward to its entry into force in line with the agreed timeline. The discussion also emphasised outreach initiatives, business delegations and regional engagement to broaden stakeholder use of the agreement and ensure its benefits reach businesses across both countries.
March 30, 2026
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Member-driven WTO reform and India-New Zealand trade cooperation advance alongside FTA progress and sectoral engagement.
India and New Zealand discussed preparations for the Prime Minister's visit, progress toward the India-New Zealand Free Trade Agreement, and practical cooperation in agriculture and sports. India reiterated support for a member-driven WTO, emphasising General Council-led reform, consideration of the moratorium on customs duties on electronic transmissions, and incorporation of the Investment Facilitation for Development Agreement, while both sides stressed the need for clarity, progress, and continued member engagement.
March 30, 2026
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Fisheries subsidies negotiations stress equity, sustainability and special treatment for developing countries and artisanal fishers.
India's position in the fisheries subsidies negotiations at the World Trade Organization centred on preserving sustainability, equity and development space in the second phase of discussions on overcapacity and overfishing. India supported a Ministerial Decision that would guide Phase II negotiations in line with Sustainable Development Goal 14.6 and emphasised the need for Special and Differential Treatment for developing countries and least developed countries, together with the principles of Common but Differentiated Responsibilities and Respective Capabilities and the Polluter Pays Principle. India pressed for a lengthy transition period, stronger disciplines on distant-water industrial fishing fleets, a permanent carve-out for small-scale and artisanal fishers, and subsidy disciplines based on per capita intensity.
March 30, 2026
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WTO e-commerce duty moratorium remains unresolved as members fail to agree on extension and talks continue
Failure to agree at the WTO Ministerial Conference on extending the moratorium on customs duties for electronic transmissions leaves the issue unresolved, with negotiations to continue in Geneva. The moratorium on e-commerce duty bans, together with the related TRIPS non-violation and situation complaints moratorium, is due to expire at the end of the month. The conference also advanced WTO reform, fisheries subsidies negotiations, and decisions on small economies and special and differential treatment under the SPS and TBT Agreements.

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Deutsche Bank and Akshaya Patra Launch Pune Kitchen to Tackle Classroom Hunger

April 8, 2026

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(L-R) Dhananjay Ganjoo and Balaji MN of TAPF, Ruchi Khemka, Benjamin Alka, Kaushik Shaparia from Deutsche Bank, with Sridhar Venkat and Sampati Dasa of TAPF The newly inaugurated kitchen, part of the PM POSHAN initiative, will serve nutritious mid-day meals to 25,000 children across 29 schools in Pune. Pune, April 8, 2026: Reinforcing a shared commitment to child nutrition and education, Deutsche Bank, as part of its CSR programme in India, in partnership with The Akshaya Patra Foundation—an implementing partner of the Government of India’s PM POSHAN scheme—today inaugurated a state-of-the-art centralised kitchen facility in Shivajinagar, Pune. The kitchen was inaugurated by Mr. Kaushik Shaparia, CEO, Deutsche Bank Group, India & Emerging Asia along with Mr. Benjamin Alka, Global Head of Corporate Affairs & Strategy, Deutsche Bank. Representing The Akshaya Patra Foundation were Mr. Shridhar Venkat, CEO and Shri Sampati Dasa, Regional President – Pune. Designed to serve hot, nutritious, and wholesome meals to 25,000 children across 29 government and government-aided schools in Pune, the kitchen will play a vital role in strengthening classroom attendance, improving nutrition outcomes, and expanding access to education for children in the region. This facility marks a significant step in strengthening Pune’s school meal ecosystem. Spread across a built-up area of 20,000 sq. ft., the kitchen has been designed to the highest standards of food safety, hygiene, and operational efficiency. Meals will be distributed within a 20-kilometre radius using a fleet of electric meal-delivery vehicles, underscoring a strong commitment to environmental sustainability alongside social impact. Speaking on the occasion, Mr. Kaushik Shaparia, CEO, Deutsche Bank Group, India & Emerging Asia, said: “At Deutsche Bank, we have always believed that the most enduring investments are those made in people. The inauguration of this kitchen in Pune reflects the depth of our partnership with Akshaya Patra and our shared conviction that no child’s education should be compromised by hunger. As India’s future is shaped in its classrooms today, this kitchen represents our commitment to ensuring that more children in Pune have access to the nutrition and education they deserve. It is also deeply gratifying that our partnership with Akshaya Patra has now crossed the landmark of 100 million meals served.” Shridhar Venkat, CEO, The Akshaya Patra Foundation, said, “Each kitchen we build is a commitment—to the child, to the classroom, and to the nation. This Pune facility stands as a testament to what strong public-private partnerships can achieve under the PM POSHAN framework. We are deeply grateful to Deutsche Bank for their continued support and to the Government of India and the Government of Maharashtra for their trust and collaboration.” The launch of the Pune kitchen marks a significant milestone in The Akshaya Patra Foundation’s efforts to scale high-impact nutrition interventions across India. It reinforces a shared vision of building a nourished and educated nation, advancing the broader goal of a developed India through sustained investments in child nutrition and education. Deutsche Bank’s partnership with Akshaya Patra dates to 2014, anchored in the belief that no child should be denied an education because of hunger. Over the past decade, the bank has supported the provision of mid-day meals to nearly 5,00,000 children across Gandhinagar, Jaipur, Bengaluru, and Pune, while also extending relief support during times of disaster. In a landmark moment for the partnership, Deutsche Bank crossed the milestone of 100 million meals served in January 2026, commemorated at a special event in Jaipur. About Deutsche Bank Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. The bank provides commercial and investment banking, retail banking, transaction banking, asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. The Deutsche Bank Group has been operating in India since 1980, with a strong presence in the businesses of corporate and investment banking, retail banking, private wealth management, and global business services. With close to 25,000 staff and operations across 18 locations in India, the group is recognised as one of the leading foreign financial service providers in India. Deutsche Bank plays an active role in helping to shape stronger communities. The bank’s CSR agenda focuses on two impact areas: education and environment: helping people advance their professional and personal competencies and skills; and contributing towards the conservation and protection of the environment. This includes supporting projects that help communities become more climate resilient. Deutsche Bank works together with like-minded partners towards these goals. In a recent milestone, Deutsche Bank and The Akshaya Patra Foundation celebrated the provision of 100 million meals to school children, reflecting over a decade of sustained commitment to child nutrition and education in India. Our employees are central to this effort—proud to contribute their skills and expertise towards such a cause. In 2025, more than 415,000 people in India benefitted from the bank’s CSR programmes and 40% of employees volunteered to support various causes. www.db.com/india Media contact: Deeptha Rajkumar Email: [email protected] About The Akshaya Patra Foundation The Akshaya Patra Foundation is a not-for-profit organisation and an implementing partner for the Government of India’s flagship PM POSHAN initiative. Operating on a robust public-private partnership (PPP) model in collaboration with the Government of India, state governments, corporate partners and philanthropic donors, Akshaya Patra strives to eliminate classroom hunger and support children’s health and education by providing them with freshly cooked, nutritious mid-day meals in government and government-aided schools across the country. Beyond school meals, the Foundation’s interventions also support children’s access to education, community resilience and national development. Established in 2000, Akshaya Patra has grown from its humble beginnings to becoming a globally recognised social movement through its contributions to food and nutrition security. Over the years, the programme has contributed to a significant increase in school enrolment and attendance, alleviation of classroom hunger, improvement in academic performance and nutritional outcomes among children. The Foundation operates one of the world’s largest networks of automated, technology-enabled community kitchens, designed to deliver safe, nutritious meals at scale every school day. For more information, please visit: www.akshayapatra.org For Media Queries: Vivek Sathyamurthy E-Mail: [email protected] (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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