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April 4, 2026
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Digital audit report requirements govern electoral trusts claiming exclusion of voluntary contributions from total income.
FN 181 is a mandatory digital audit report for an electoral trust seeking exclusion of reported voluntary contributions from total income. It must be prepared by an accountant, filed electronically with the Commissioner of Income Tax (CPC) through the e-filing portal, and submitted on or before the due date for filing the return of income. The form cannot be filed offline or edited after submission, and a valid PAN is mandatory for filing.
April 4, 2026
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Employee welfare fund approval under income tax rules depends on notified purposes, verified disclosure, and hearing before rejection.
Form 180 is the electronic application for approval or renewal of an employee welfare fund established for notified purposes under section 11(3) read with Schedule VII, to be filed by the trust or fund before the jurisdictional PCIT/CIT and verified by the trustee or principal officer. The form requires details of the trust or fund, employer organisation, objects, trustees, employee membership, contributions, income, application or accumulation of funds, along with the trust deed, activity notes and accounts. Approval is granted only if the prescribed conditions are satisfied, for a period not exceeding three tax years, and rejection requires recorded reasons and an opportunity of hearing.
April 4, 2026
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Employee Welfare Fund approval through Form 180 requires online filing, valid PAN, and strict trust-based eligibility conditions.
Form 180 is the prescribed electronic application for an Employee Welfare Fund seeking approval or renewal from the jurisdictional Principal CIT/CIT. The fund must be a trust for notified welfare purposes for serving employees or their dependents, and the application must be verified by the trustee or principal officer. Filing is mandatory for approval, which confers pass-through treatment and tax exemption subject to conditions. The form can be filed only online, cannot be edited after submission, and requires a valid PAN and supporting documents.
April 4, 2026
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Business connection in India compliance through Form 173 for eligible investment funds and annual verification of eligibility conditions.
Form 173 is a statement furnished by an eligible investment fund to verify compliance with the conditions for claiming that its activities do not constitute a business connection in India. The form is filed once in a tax year within 90 days from the end of the tax year, and it contains particulars on residence, tax identification number, Schedule I compliance, participation interests in India, fund manager remuneration, and investment profits. Supporting documents may include approval orders, registrations, financial statements, and remuneration contracts.
April 4, 2026
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Eligible investment fund reporting under no-business-connection rules requires mandatory online Form 173 filing and digital signature compliance.
Form 173 is the mandatory statement for an eligible investment fund to establish that its activities do not create a business connection in India. It must be filed once in a tax year, within 90 days from the end of the tax year, by the fund manager or designated person, only through the Income Tax e-filing portal, and it cannot be edited after submission. The form requires supporting fund details, registrations, financial statements, and digital signature compliance, and a valid PAN is mandatory.
April 4, 2026
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Eligible investment fund reporting under Form 172 requires accountant certification, electronic filing, and compliance with prescribed conditions.
Form 172 is the accountant's report for an eligible investment fund to establish fulfilment of prescribed conditions relevant to section 9(12) and the claim that the fund's activities do not create a business connection in India. It is prescribed under Rule 274(7), filed once in each tax year by the appointed accountant, and due by 31 October of the succeeding tax year. The form is filed electronically with a UDIN and digital signature, and non-filing may attract penalty under section 447.
April 4, 2026
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Business connection in India reporting through Form 172 requires mandatory electronic filing, UDIN generation, and supporting documentation.
Form 172 is the mandatory accountant's report for an eligible investment fund to show compliance with conditions for claiming no business connection in India. It is filed once in a tax year by the appointed accountant through the Income Tax e-filing portal, after UDIN generation and digital signature. The form requires a valid PAN, cannot be edited after submission, and may need supporting documents such as fund manager details, SEBI registrations, financial statements, and contracts relating to the fund manager's activities and remuneration.
April 3, 2026
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Authorised Income Tax Practitioner registration under Form 171 depends on eligibility, supporting documents, and authority verification.
Form 171 is the one-time application for registration as an authorised Income Tax Practitioner under the specified eligibility categories in section 515(3) of the Income Tax Act, 2025. Eligible applicants include accountants, persons who have passed a recognised accountancy examination, and other qualified persons recognised by the Central Board of Direct Taxes. The form requires applicant details, the claimed eligibility category, qualifications, prior tax appearances, and supporting documents, and is filed with the jurisdictional Income Tax Authority for verification and registration.
April 3, 2026
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Authorised Income-tax Practitioner registration through Form 171 requires eligibility details, supporting documents, and one-time filing.
Form 171 is the prescribed application for registration as an Authorised Income-tax Practitioner under section 515 of the Income-tax Act 2025 and must be filed with the jurisdictional Chief Commissioner or Commissioner of Income-tax. The application is mandatory for recognition in that capacity, may be filed after eligibility arises, and is a one-time filing unless otherwise directed. It requires applicant particulars, eligibility details, qualifications, supporting documents, and relevant firm or association details. On approval, the applicant's name is entered in the Register of Income-tax Practitioners and a Certificate of Registration is issued.
April 3, 2026
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Annual Information Statement consolidates tax credits, payments, transactions, and proceedings in a taxpayer's e-filing account.
Form 168 operates as an auto-generated Annual Information Statement linked to a taxpayer's PAN and available in the e-filing account. It consolidates TDS, TCS, tax payments, specified financial transactions, demand and refund details, and pending or completed proceedings, together with any other prescribed information. The taxpayer does not file the form manually. It is updated dynamically during the year as underlying reports and payments are processed, and it uses Tax Year instead of Financial Year.
April 3, 2026
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Annual Information Statement and taxpayer summary streamline income reporting through detailed verification, feedback correction, and consolidated return filing.
Annual Information Statement (AIS) is the detailed financial statement linked to PAN, and Taxpayer Information Summary (TIS) is its consolidated version showing category-wise totals for use in return filing. AIS contains transaction-level data, while TIS provides summarized figures such as salary, rental income, interest, capital gains, dividend, business income and taxes paid. Taxpayers should verify AIS, use the feedback mechanism for incorrect or unrelated entries, and rely on the updated TIS; actual income must still be reported in the return even if missing from AIS.
April 3, 2026
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GST appeal filing blocked by NIL demand entries despite unpaid dispute over liability and prior voluntary payment.
Taxpayers may face portal restrictions when an adjudication order reflects a NIL demand because payment was made at the show cause notice stage without admitting liability. Although such payment does not amount to acceptance of the demand, the GST portal may block filing of appeal application APL-01 when no liability is captured in the Demand and Collection Register. The taxpayer may seek rectification of the order so that the correct demand amount is reflected and the appeal can then be filed within the prescribed time.
April 3, 2026
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Annual reporting for film production and specified activities under the income-tax framework now requires structured disclosure and TDS linkage.
Form 164 requires persons engaged in cinematograph film production or notified specified activities to furnish an annual statement for each tax year under section 507 of the Income-tax Act, 2025, read with Rule 236. The statement is due within 60 days from the end of the tax year and covers filer particulars, film or activity details, and payment and TDS information, including aggregate payments above the prescribed threshold linked to the relevant film or activity. The revised format uses three parts and standardised digital reporting.
April 3, 2026
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Mandatory annual statement for film production and specified activities covers incomplete projects, threshold payments, TAN, and electronic filing status.
A mandatory annual statement is required under section 507 of the Income-tax Act, 2025 for persons engaged in cinematograph film production or specified activities such as event management, sports events, documentary production, OTT or TV programme production, performing arts, or similar notified activities. The filing obligation applies to every individual, partnership firm, LLP, company or other entity that produced a film or undertook a specified activity during the relevant tax year, including cases where the film or activity was not completed in that year. The statement must be filed within 60 days from the end of the tax year, and TAN is required where the filer is liable to deduct tax at source.
April 3, 2026
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Personal loan flexibility expands as longer repayment tenure, collateral-free borrowing, and faster disbursal aim to ease EMI burden.
Bajaj Finance has revised its personal loan offering by extending the repayment tenure up to 108 months, replacing the earlier 96-month structure. The longer tenure is intended to reduce monthly EMI burden and give borrowers greater flexibility in managing repayments, while shorter tenures remain available within a range of 12 months to 108 months depending on customer preference. The personal loan product is described as collateral-free and designed for planned and urgent expenses, with loan amounts ranging from Rs. 40,000 to Rs. 55 lakh.
April 3, 2026
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Indirect transfer reporting under Form 163 requires timely electronic disclosure of share transfers affecting Indian assets and control rights.
Form 163 is the reporting statement for indirect transfers of assets located in India under section 506 of the Income-tax Act, 2025 and Rule 235 of the Income-tax Rules, 2026. It is to be furnished by an Indian concern, or its representative, where a non-resident transfers shares or interests in a foreign company or entity in a manner affecting assets, rights, management or control in relation to the Indian concern. The form is filed electronically within the prescribed timelines and supports computation of income reported in Form 4.
April 3, 2026
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Foreign exchange reserves decline as rupee pressure, RBI dollar sales, and lower gold and currency assets shape weekly movement.
India's foreign exchange reserves declined to USD 688.058 billion for the week ended March 27, driven by lower foreign currency assets and gold reserves. The Reserve Bank of India continued to intervene in the foreign exchange market through dollar sales and related policy measures as the rupee remained under pressure, while Special Drawing Rights rose slightly and the IMF reserve position edged down.
April 3, 2026
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Indirect transfer reporting in Form No. 163 requires timely electronic filing, supporting documents, and a valid PAN.
Reporting of indirect transfers of assets located in India requires an Indian concern, or its representative, to furnish information in Form No. 163 under section 506 of the Income Tax Act, 2025. The form is mandatory and applies where a non-resident transfers shares of, or interest in, an offshore company or entity resulting in an indirect transfer of assets in India. It must be furnished within ninety days from the end of the financial year, or within ninety days of the transaction where management or control rights in relation to the Indian concern are transferred.
April 3, 2026
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Annual statement filing for liaison offices in India requires RBI-linked disclosure, electronic submission, and timely compliance.
Form 162 is an annual statement required under section 505 of the Income Tax Act, 2025, for non-resident entities maintaining a liaison office in India. It must be filed once in each tax year within eight months from the end of the tax year, electronically through the income-tax e-filing portal and digitally signed by the authorised signatory. The form captures head office, liaison office, RBI approval, Annual Activity Certificate, financial, employee, and counterparty details, and may be used for verification, international taxation, and transfer pricing cross-checks.
April 3, 2026
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Annual statement compliance for liaison offices requires electronic filing, certified activity records, valid PAN, and timely submission.
Form 162 is the annual statement required for non-resident entities maintaining a liaison office in India under the Income-tax Act, 2025, to be filed electronically once in each tax year within eight months from the end of the tax year. The filing requires particulars relating to the office's activities, approval details, employees, Indian counterparties, and audited financial information, along with a certified Annual Activity Certificate and valid PAN. The form cannot be submitted offline or edited after acknowledgment, and non-filing or delay may attract penalty, revocation of liaison office permission, and other assessment-related action.

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India’s Online Degree Market Expected to Grow Rapidly by 2030: Insights from TrainingsKart

April 11, 2026

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New Delhi, India – April 2026 – TrainingsKart is a leading online education platform in India, has released updates on the strong growth expected in the country’s online degree market. This sector is set to grow strongly by 2030. It is driven by changing learners' needs and supportive policies. The online education market in India is witnessing steady progress. The industry reports indicate the market stood at an estimated USD 3.6 billion in 2025. It is estimated to expand at a CAGR of approximately 23% through 2030. This expansion is expected to add notable value to the sector in the coming years. This positive outlook can contribute to many important factors. There is a clear rise in demand for flexible education options. Secondly, employees are continuing with higher education. The growth of e-learning platforms has made quality education more accessible. The online degrees are gaining acceptance from regulators such as the University Grants Commission (UGC). The value of UGC approved online degrees is now equal to that of the regular degrees. This increases learners' confidence in their qualifications. And the people who are enrolling on online MBA courses are quite interesting. There is a positive response from working professionals towards accepting online degrees. It is mainly in the fields of management and technology. This is best seen in metropolitan areas like Bangalore, Delhi and Mumbai, where professionals seek convenient ways to upgrade their qualifications. Popular Online Degree Programs Driving Growth The most popular programs added are the online MBA. This is a program of choice for many students and employed individuals seeking to advance their careers. The program is based on leadership, business strategy and real-life skills. 1. Online MBA The Online MBA remains one of the most preferred choices among working professionals. The recent enrollment trend shows that management programs account for a large share of online degree registrations in India. The MBA programs provide students with direct career benefits. The course teaches business strategy and leadership with decision-making which employers consider essential skills. For more details, explore: MBA Online Course: Fees & Top Online MBA Colleges on TrainingsKart. 2. Online BBA The Online BBA is gaining popularity among students starting their careers. The online education platforms report continuous growth in undergraduate business enrollments. It shows strong demand from students who completed Class 12. The course builds strong fundamentals in marketing, finance, and entrepreneurship, making it a preferred entry-level business degree. 3. Online MCA The Online MCA program is experiencing demand. The IT sector in India continues to grow. The reports indicate that technology-related courses represent the fastest-growing segment of online education. There is a high demand for software developers and IT professionals. The program provides training in programming and system design. 4. Online BCA The Online BCA program is gaining popularity among students to begin their tech career path. The enrollment data indicate that student interest in computer-related undergraduate programs is rising. Digital skills have become necessary in all business sectors. The course allows students to learn coding with application development. These programs are gaining attraction because they align closely with the job market. These factors are driving the growth of online programs. The online market is expected to play a key role as more learners are choosing online education. This will shape the country's education landscape by 2030. Growing Trends in Online Education The current shift toward online degrees is also shaped by changing learner behaviour. Students and professionals are increasingly choosing to be flexible. These career-focused programs allow them to study without disrupting their daily routines. The most prominent development shows that professionals who work full-time now acquire new skills through their employment. Flexibility is one of the main advantages of taking remote courses. Students can work at their own pace, view recorded lectures, attend live sessions when able, and manage their studies around other obligations, including family and work. This convenience has opened doors for homemakers, rural learners and mid-career professionals. The second major element is affordability. Online programs are generally more cost-effective than traditional classroom degrees. This makes higher education accessible to a larger population. Students can now attend classes from any location because remote learning enables them to study from anywhere. The world now accepts online education as a legitimate form of learning. Employers now regard online degrees as valid credentials when candidates demonstrate actual job skills and possess relevant industry knowledge. Rising Demand in Major Indian Cities The online degree programs face their strongest demand in Bangalore and Delhi, and Mumbai. These cities have a high number of working professionals and tech-driven industries. Students are looking for flexible learning options. The availability of internet infrastructure and awareness about the online programs have increased the adoption in these regions. The reach of online education is expanding beyond metropolitan areas. Learners from Tier-2 and Tier-3 cities are increasingly enrolling in online degree programs. This is making quality education more accessible across the country. “Online education is changing the way Indian students study in higher education,” said a representative from TrainingsKart. “More professionals and students are now choosing online degrees to meet their career goals with flexible modes, recognised qualifications, and industry-relevant courses.” The Indian online education market is projected to expand at a CAGR of around 23% till 2030. As India progresses towards the higher education targets of the National Education Policy, online degree programs are expected to play a bigger role in making learning inclusive and future-ready. TrainingsKart supports its learners by providing access to a wide selection of UGC-approved online courses and programmes. About TrainingsKart TrainingsKart: TrainingsKart is a reliable and trusted online platform in India. It allows students and professionals to search and apply for the best courses. This includes popular degree courses in management, commerce, and computer applications. TrainingsKart also focuses on making choices easier through insights on the best-selling programs like Online MBA, BBA, MCA, and BCA. They are also the highest searched and enrolled courses in India. The increasing acceptance and accessibility of online education suggest that platforms such as TrainingsKart will be important in guiding students towards wise decisions. They are assisting them in reaching their career goals. For further details, visit: www.trainingskart.com (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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