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March 30, 2026
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ESG performance and sustainability leadership drive YES BANK's top ranking in S&P Global's banking assessment.
YES BANK reported improved ESG performance under the S&P Global Corporate Sustainability Assessment 2025, with a score of 79 out of 100 and recognition as India's highest-rated bank in the assessment. The bank stated that this result marked its fourth consecutive inclusion in the S&P Global Sustainability Yearbook and placed it among the top 15% of global banking leaders, based on evaluation across climate strategy, operational eco-efficiency, financial inclusion, human capital development, human rights, corporate governance, and risk management.
March 30, 2026
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RBI foreign exchange restrictions and weak crude-linked sentiment deepen pressure on equities and banking stocks.
Indian equity markets ended sharply lower amid escalating geopolitical tensions in West Asia, higher crude oil prices, weak global cues, and continued foreign fund outflows. Banking stocks faced additional pressure after RBI restrictions on banks' foreign exchange positions aimed at stabilising the rupee, while market participants flagged oil-price volatility and rupee weakness as risks to input costs and near-term earnings revisions.
March 30, 2026
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Special audit report filing under Form 100 requires accountant certification, supporting records, and online submission compliance.
Form 100 is the audit report to be furnished by an Accountant when the Assessing Officer directs a special audit under section 268(5)(i). It certifies examination of the assessee's accounts and their true and fair view, and is filed only for the tax year in which the direction is issued. The form requires signed verification, supporting financial and accounting records, and submission through the e-filing portal with annexures and documents. The revised form aligns with the Income-tax Act, 2025 and uses simplified tabular reporting.
March 30, 2026
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Income-tax rate changes and procedural reforms reshape reassessment, penalties, tax credits, and indirect tax schedules in the finance bill.
Finance Bill, 2026 gives effect to the Central Government's financial proposals for the financial year 2026-2027 and operates as the Finance Act, 2026 with specified commencement dates. It revises income-tax rates, surcharge structures and health and education cess, and makes extensive amendments to the Income-tax Act, 1961 and the Income-tax Act, 2025 covering reassessment, return filing, assessment timelines, interest, penalty, waiver, immunity, tax credits, deductions, and related procedural rules. The Bill also updates indirect tax provisions, including customs, customs tariff and GST-linked schedule entries, by substituting, inserting and omitting specified rates and classifications.
March 30, 2026
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Income-tax appeal filing in Form 99 requires electronic submission of facts, grounds, supporting documents and disputed details.
Form No. 99 is prescribed for filing an appeal before the Joint Commissioner of Income-tax (Appeals) or the Commissioner of Income-tax (Appeals) against an appealable order passed by an Income-tax Authority. It is furnished electronically and captures the relevant order, taxes paid, disputed amounts, grounds of appeal, statement of facts, supporting documents and additional evidence, so that the appeal may be registered and processed in the prescribed appellate manner.
March 30, 2026
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PMLA attachment of proceeds of crime overrides prior secured interests under debt recovery laws in property disputes.
PMLA has an overriding confiscatory framework for attachment of proceeds of crime, and its operation is not displaced merely because the attached property is subject to a prior mortgage or secured interest under debt recovery laws. The court noted that SARFAESI and the Recovery of Debts and Bankruptcy Act serve different objects and cannot prevail over PMLA in attachment proceedings. Where confiscation has been ordered or trial has commenced, claims of legitimate interest in the attached property must be adjudicated by the Special Court.
March 30, 2026
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Census data confidentiality and land dispute adjudication qualifications shape key legal concerns in recent public interest litigation.
Individual census data is to remain confidential and cannot be used as evidence or to obtain benefits under any government scheme. A public interest petition has also sought a revenue judicial service for land disputes, with minimum legal qualifications and training for public servants adjudicating such matters.
March 30, 2026
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Electronic appeal filing under Form 99 requires timely submission, tax compliance, verified grounds, and prescribed supporting disclosures.
Form 99 is the prescribed electronic appeal form for filing an appeal before the Joint Commissioner of Income-tax (Appeals) or the Commissioner of Income-tax (Appeals) against an appealable order under the Income-tax Act, 2025. The appeal is optional and must be filed within 30 days from the relevant date. The form requires disclosure of appellant details, order particulars, disputed amounts, pending appeals, grounds of appeal, additional evidence, delay condonation, appeal fees, and supporting documents. Filing is subject to statutory tax-payment conditions, must be electronically filed where return e-filing is mandatory, cannot be revised after verification, and must be verified by the appellant or an authorised person.
March 30, 2026
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Quarterly non-resident reporting in Form 92 mandates structured electronic filing, annexure declarations, and standardized identity details.
Quarterly reporting in Form 92 requires specified funds and stock brokers dealing with non-resident clients to furnish standardised information under Rule 157 through the Income-tax Department's electronic filing system. The form is submitted quarterly, may include multiple non-residents in one return, and is intended to support monitoring, compliance, verification of residency particulars, and information exchange for cross-border investments. Form 92 uses a structured Part A and Part B format, requires Annexure A-1 declarations from each non-resident, and calls for PAN details of the filer, with no other supporting documents to be uploaded.
March 30, 2026
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Banking outlet coverage through GIS monitoring expands access in villages under RBI-guided infrastructure planning.
Banking outlet coverage in inhabited villages is monitored through the Jan Dhan Darshak GIS-based application, which tracks bank branches, Business Correspondents and India Post Payments Bank outlets within a five-kilometre radius. On the basis of bank-uploaded data, 99.92% of villages in the country and 100% of villages in Dadra and Nagar Haveli are covered within the prescribed radius. Expansion in uncovered areas is a continuous process under extant RBI guidelines, overseen by the State Level Bankers' Committee or Union Territory Level Bankers' Committee.
March 30, 2026
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Kisan Credit Card access expands through digital issuance, concessional lending, and stronger grievance redressal for farmers.
Measures supporting the Kisan Credit Card ecosystem focus on expanding credit access, improving digital issuance, and strengthening financial inclusion for farmers, including small and marginal farmers. Priority Sector Lending guidelines and the Ground Level Agriculture Credit target operate as key policy instruments for scaling KCC coverage, with a sub-target for small and marginal farmers and incentive and disincentive frameworks intended to encourage more equitable agricultural credit distribution. The KCC scheme also covers working capital for animal husbandry, dairying and fisheries, while the Modified Interest Subvention Scheme provides concessional short-term agricultural loans through KCC with an additional prompt repayment incentive.
March 30, 2026
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Priority sector lending supports rural credit flow through agriculture targets, refinance support, and self-help group programmes.
Priority sector lending and related government measures are used to maintain uninterrupted rural credit flow for agriculture, MSMEs and self-help groups. Reserve Bank of India policy requires specified banks to allocate at least 18% of adjusted net bank credit or credit equivalent of off-balance sheet exposures, whichever is higher, to agriculture, with a 10% sub-target for small and marginal farmers. Concessional refinance support and NABARD programmes further assist rural financial institutions, self-help groups and microenterprises.
March 30, 2026
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Rupee volatility and RBI forex exposure cap reshape market sentiment amid geopolitical tensions and dollar strength.
Rupee volatility in foreign exchange markets intensified amid geopolitical tensions, risk-off sentiment, elevated dollar demand and firmer crude prices, with the currency touching an intra-day low before settling lower against the US dollar. The Reserve Bank of India reduced the net open position that banks may maintain overnight and capped the Net Open Position (NOP-INR) for banks at USD 100 million, with compliance required by 10 April, as part of oversight of banks' foreign exchange exposure.
March 30, 2026
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Quarterly reporting of non-resident client details through Form 092 requires online filing, declarations, and timely verification.
Quarterly reporting requirements apply to specified funds and stock brokers dealing with non-resident clients under Rule 157. Form 092 is the prescribed quarterly statement for furnishing non-resident client particulars, including name, contact details, country of residence, Tax Identification Number, and, where TIN is unavailable, the unique identification number issued by the foreign jurisdiction. The form must be filed online on the e-Filing portal within 15 days from the end of each quarter, and all non-resident clients dealt with during the quarter may be reported in the same return.
March 30, 2026
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Public interest refusal to furnish information under income-tax law now uses electronic Form 91 with DIN authentication.
Form 91 is the statutory electronic form used by the designated Income-tax authority to refuse furnishing information requested under section 258(2)(a) of the Income-tax Act, 2025 where disclosure is not considered to be in the public interest. It is issued only by the competent authority, records the application reference, assessee details and relevant tax year, and states the refusal on public interest grounds. The form is authenticated through a system-generated DIN and electronic issuance details, creating a formal and traceable record distinct from forms used for furnishing information or intimation of non-availability.
March 30, 2026
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Money laundering probe intensifies as Nepal widens scrutiny of former prime ministers and protests continue after arrests.
Protests continued in Nepal after the arrest of former Prime Minister K P Sharma Oli and former home minister Ramesh Lekhak in connection with the alleged suppression of the Gen Z protests, while the Department of Money Laundering Investigation and police intensified scrutiny of former prime ministers Sher Bahadur Deuba, K P Sharma Oli and Pushpa Kamal Dahal. The probe expanded after preliminary enquiries and the arrest of former minister Deepak Khadka in a money laundering case, with allegations of financial benefits for facilitating licences and contracts and forensic confirmation of burnt banknote fragments.
March 30, 2026
Show AI Summary
Public interest refusal for tax information requests through Form 091 by the designated Income-tax authority.
Form 091 is the prescribed income-tax form used by the designated Income-tax authority to refuse furnishing information sought under section 258(2)(a) of the Income-tax Act, 2025, where disclosure is not considered to be in the public interest. It is issued only after an information request is received and declined, applies separately for each tax year, and is authenticated by the authority's signature, name, and designation without requiring an official seal.
March 30, 2026
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Insolvency code amendments tighten timelines, add creditor-initiated resolution, and curb frivolous delays in the process.
Insolvency and Bankruptcy Code amendments introduce stricter timelines, an out-of-court creditor-initiated resolution mechanism, and an enabling framework for group and cross-border insolvency. The revised framework replaces the underutilised fast-track route with a creditor-initiated insolvency process based on debtor-in-possession and creditor-in-control principles, subject to safeguards and defined timelines. The amendments also provide deterrent measures against abuse of process, including penalties for vexatious and frivolous proceedings, and seek to protect the integrity of the resolution system by discouraging delay-causing litigation.
March 30, 2026
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Non-availability of information intimation under Form 90 is issued electronically after record verification and DIN authentication.
Form 90 is the electronic intimation issued by the designated Income-tax authority under section 258(2)(a) of the Income-tax Act, 2025, where requested information is unavailable in departmental records or no assessment has been made for the relevant tax year. It is generated after verification of records, authenticated through the Department's system with DIN, and includes the application reference, assessee name, and mandatory tax year. The form is event-based, has no fixed periodicity or due date, and standardises the term tax year for clear and traceable communication.
March 30, 2026
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Non-availability of information intimation under income tax law through Form 090 communicates missing records, not rejection.
Form 090 is the prescribed intimation used by the designated Income-tax authority to communicate that information sought under section 258(2)(a) of the Income-tax Act, 2025 is not available in departmental records for the specified tax year. It is issued electronically after verification of records, is event-based, and must be furnished separately for each tax year. The form requires the exact tax year, recipient details, DIN and date, application reference, assessee name, and a statement confirming non-availability of information or that no assessment has been made.

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Customs & Trade

Electronica India and Productronica India 2026 Opens in Greater Noida, Signals India’s ‘Powerplay’ in Electronics

April 10, 2026

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Greater Noida, April 8, 2026: The opening day of electronica India and productronica India 2026 in Greater Noida saw a decisive mix of policy signalling and business intent, as senior government leaders and industry stakeholders converged at the India Expo Mart, Greater Noida. The inauguration was graced by several dignitaries, including: Shri Suresh Kumar Khanna – Hon’ble Finance Minister and Parliamentary Affairs, Government of Uttar Pradesh , Shri Jitin Prasada – Hon’ble Minister of State, Ministry of Electronics and IT and Commerce and Industry, Government of India , Shri Nand Gopal Gupta ‘Nandi’ – Hon’ble Minister for Industrial Development, Export Promotion, NRI, Investment Promotion, Government of Uttar Pradesh , Shri Sunil Kumar Sharma – Hon’ble Minister for IT & Electronics, Government of Uttar Pradesh, Shri Ajit Singh Pal – Hon’ble Minister of State Science and Technology, Electronics, Information Technology, Government of Uttar Pradesh, Shri Alok Kumar - Principal Secretary, IT & Electronics Department, Government of Uttar Pradesh, Dr Reinhard Pfeiffer, CEO, Messe München Group, Bhupinder Singh, President – IMEA, Messe München & CEO, Messe Muenchen India.

Their participation reflected a coordinated push to position the Noida–Greater Noida corridor as a serious manufacturing base supported by infrastructure, policy incentives, and proximity to key markets.

In parallel, discussions at the Uttar Pradesh Electronics Leadership Summit focused on infrastructure readiness, investment facilitation, and industrial expansion plans, with participation from senior officials and industry leaders.

The Chief Guest for the inaugural function, Shri Suresh Kumar Khanna, Hon’ble Finance Minister, and Parliamentary Affairs Government of Uttar Pradesh, said, “Uttar Pradesh has undergone a significant transformation over the past decade, emerging as a stable and investment-ready state. With strong industrial growth, rising exports, and a focus on manufacturing, we are creating an environment where businesses can scale with confidence.” Addressing the gathering, Shri Jitin Prasada, Hon’ble Minister of State, Ministry of Electronics and IT and Commerce and Industry, Government of India, said, “Uttar Pradesh is emerging as a key driver in this shift, with strong policy support and growing industrial capacity. With initiatives like PLI and the push towards component manufacturing, we are moving beyond assembly towards owning the value chain. Our goal is clear, to not only make for India, but to make for the world. We are committed to providing a stable policy environment, ease of doing business, and long-term support for investments. We invite global and domestic partners to be part of this growth story, as India positions itself as a reliable and scalable electronics manufacturing destination.” Shri Nand Gopal Gupta ‘Nandi’, Hon’ble Minister for Industrial Development, Export Promotion, NRI, Investment Promotion, Government of Uttar Pradesh, said, “Electronics has become central to both everyday life and industrial growth, and Uttar Pradesh is rapidly emerging as a key hub for this transformation. With strong infrastructure, progressive policies, and rising investments, the state is well-positioned to lead India’s electronics manufacturing expansion.” Shri Sunil Kumar Sharma, Hon’ble Minister for IT & Electronics, Government of Uttar Pradesh stated, “electronica India and productronica India 2026 highlight how electronics and IT will define India’s journey towards becoming a developed and self-reliant nation by 2047. Uttar Pradesh today offers strong policies, infrastructure, and a supportive environment for global investment. This is the moment for industry leaders to take a closer look at the opportunities taking shape.” Industry Visibility and Early Business Signals In a move to extend the industry’s visibility beyond trade circles, Rohit Sharma was introduced as the brand ambassador for electronica India and productronica India, signalling an attempt to take the manufacturing narrative to a wider audience.

By midday on Day 1, exhibitor booths across components, EMS, and PCB segments reported steady engagement from decision-makers. Industry bodies such as ELCINA and ICEA are anchoring parallel discussions on supply chain gaps, domestic manufacturing, and export readiness.

The supporting programmes at electronica India and productronica India 2026 reflect current industry priorities, covering policy, supply chains, automotive electronics, PCB manufacturing, and advanced production technologies through platforms such as the UP Electronics Leadership Summit, ELCINA Supply Chain Summit, Automotive Display Conference, Bharat PCB Tech Conference, and SMT Thought Leadership Summit. The edition also integrates innovation through a Startup Pavilion backed by the Government of Uttar Pradesh and industry podcasts, with a key highlight being the launch of BPCA—Bharat’s platform for printed circuits and assemblies—developed in collaboration with ELCINA and Messe Muenchen India.

Bhupinder Singh, President – IMEA, Messe München & CEO, Messe Muenchen India said: [SK1] “electronica India and productronica India have evolved into a platform where business intent is clear and outcome-driven. Companies are arriving with defined priorities, whether it is sourcing, partnerships, or investments, and the early momentum reflects a shift toward real, measurable outcomes.” electronica India and productronica India 2026 will continue in Greater Noida until April 10, with organisers expecting higher footfall and deal activity over the remaining days.

With participation from over 50 countries, including Germany, China, the United States, Japan, and Taiwan, electronica India and productronica India reflect the increasing global integration of India’s electronics ecosystem. Across its editions in Greater Noida and Bengaluru, the platform brings together more than 60,000 participants and over 1,000 exhibitors, establishing it as one of the country’s most important meeting points for the electronics industry. This dual-location format represents a 50% expansion in scale and strengthens its role in supporting the growth of India’s electronics sector.

The next edition will move to Bengaluru from September 16–18, 2026, expanding the platform’s reach into another key electronics manufacturing cluster.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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