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March 30, 2026
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Inventory valuation report requirements under tax law govern Cost Accountant certification, filing timelines, and verification of inventory valuation.
Form 101 is the prescribed inventory valuation report to be furnished by a Cost Accountant when an Assessing Officer directs valuation of inventories under Section 268(5)(ii) of the Income-tax Act, 2025 read with Rule 171. It is used to support correct inventory valuation for tax computation and verification, and is filed only when special valuation is directed. The report must be submitted within the time allowed by the Assessing Officer, subject to any extension not exceeding six months from the end of the month in which the direction is received.
March 30, 2026
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Inventory valuation reporting in Form 101 requires Cost Accountant certification when valuation is directed for tax compliance.
Inventory Valuation Report in Form 101 is furnished by an assessee when the Assessing Officer directs inventory valuation under section 268(5)(ii) of the Income-tax Act, 2025 read with rule 171 of the Income-tax Rules, 2026. The report is prepared and certified by a Cost Accountant after examining books, records and supporting documents, and is used for accurate inventory valuation for tax computation, verification and compliance with the Income Computation and Disclosure Standards. Form 101 is filed only for the tax year in which the direction is issued, within the time allowed by the Assessing Officer.
March 30, 2026
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E-commerce moratorium and TRIPS safeguard lapse as WTO ministers fail to reach consensus on digital trade rules.
Failure of the WTO ministerial conference to reach consensus on the extension of the e-commerce moratorium left unresolved the commitment not to impose customs duties on electronic transmissions. The deadlock reflected differing positions on the duration of the extension, and the lapse raises the prospect that members may impose import duties on digital transmissions. The same impasse also ended the safeguard against non-violation complaints under the TRIPS Agreement, increasing the risk that WTO-compliant measures may be challenged for affecting expected commercial gains.
March 30, 2026
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Proceeds of crime attachment under PMLA prevails over debt recovery laws in tainted asset proceedings.
Attachment of proceeds of crime under the Prevention of Money Laundering Act was described as prevailing over debt recovery legislation, including the SARFAESI and RDB Acts, where the property is linked to money laundering. The key legal point is that the PMLA operates with overriding effect in relation to attachment proceedings concerning tainted assets, and debt recovery mechanisms do not displace action taken under the anti-money laundering framework.
March 30, 2026
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Special audit report requirements under income tax law clarified for Form 100, supporting compliance and verification.
Form 100 is the audit report furnished by an Accountant when an assessee is directed to get accounts audited under section 268(5)(i) of the Income-tax Act, 2025. It certifies examination of the books of account and financial statements and records whether the accounts present a true and fair view. The report is filed only on a special audit direction, together with supporting financial statements, books, bank statements, and applicable audit reports, within the period specified by the Assessing Officer.
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.

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Corp. Laws / SEBI / IBC

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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