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April 2, 2026
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Defence exports growth reflects India's indigenous manufacturing strength, wider global acceptance, and streamlined export regulation.
India's defence exports recorded a new high, driven by indigenous manufacturing strength, wider global acceptance of Indian defence products, and a collaborative ecosystem involving defence public sector undertakings and private industry. The exports reached more than 80 countries, while the number of exporters increased, reflecting growing participation in the sector. The ministry also noted that streamlined export regulatory processes, a revamped online portal, and simplified authorisation procedures supported this growth.
April 2, 2026
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Foreign exchange market restrictions by RBI drove dollar unwinding and triggered a meaningful rupee rebound.
RBI took twin foreign exchange market restrictions by capping banks' net open rupee positions and barring non-deliverable forward offerings to corporates. The measures were directed at limiting banks' activity in onshore forward markets and were described as forcing dollar unwinding, thereby producing a meaningful rebound in the rupee.
April 2, 2026
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Quarterly TDS statement for non-salary payments requires deductor details, deductee-wise reporting, and prescribed filing steps.
Form No. 140 is the quarterly TDS statement for non-salary payments to resident deductees, filed by persons responsible for deduction of tax on specified payments such as interest, commission, brokerage, professional fees, and rent. The form requires deductor particulars, tax payment details, and a deductee-wise annexure covering PAN, amount paid or credited, tax deducted and deposited, deduction rate, and related certificate details. Filing is quarterly, supported by challans and PAN details, and involves preparation, validation, and upload through the prescribed electronic or facilitation-centre process.
April 2, 2026
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Foreign exchange market curbs drive rupee higher as banks adjust positions under Reserve Bank restrictions.
Reserve Bank of India measures to curb banks' activity in the onshore and derivative foreign exchange markets led to a sharp appreciation in the rupee after recent volatility and heavy pressure from capital outflows, a stronger dollar and higher crude prices. The central bank capped the net open position on the Indian rupee for banks at USD 100 million and required compliance by a specified deadline, while also restricting authorised dealers from offering non-deliverable derivative contracts involving the rupee to resident or non-resident users. Users were further barred from rebooking foreign exchange derivative contracts, whether deliverable or non-deliverable, once cancelled after the issuance of the instructions.
April 2, 2026
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Tax deduction statement filing governs quarterly reporting, electronic submission, correction limits, and acknowledgment for non-salary resident payments.
Form No. 140 is the quarterly electronic statement of deduction of tax at source for non-salary payments made to resident deductees, and it is mandatory for all deductors responsible for such payments. It must be filed within the prescribed quarterly due dates, cannot be edited after submission, and corrections may be filed only after processing by CPC-TDS within the specified two-year time limit. Successful filing on the TRACES portal generates an Acknowledgment Receipt Number.
April 2, 2026
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Excess TDS and TCS refund claims move through a TRACES-based electronic form with pre-filled challan details and digital signing.
Form No. 139 is the electronic refund application by which a deductor, collector, or eligible taxpayer may claim refund of excess tax paid under Chapter XIX. Filing is permitted where the corresponding TDS or TCS statement has been processed and the excess remains as an unmatched or unconsumed challan credit. The application requires challan particulars, utilisation details, refund amount, declaration, digital signature, and supporting bank and tax records.
April 2, 2026
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Excess TDS/TCS refund claims under Form No. 139 must be filed online, after processing, and only when credit remains unallowed.
Form No. 139 is the prescribed online application for a deductor or collector to claim refund of excess TDS/TCS deposited under Chapter XIX-B of the Income-tax Act, 2025, where the excess is not adjusted against any other liability in the system. The form may be filed only after the relevant statement has been processed, cannot be edited after acknowledgment is generated, and is not maintainable once the deductee has been allowed credit for the same tax. Approved refunds, along with interest, are credited to the prevalidated bank account, and refund arising from appellate or rectification orders does not require filing of the form.
April 2, 2026
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Quarterly TDS statement for salary and specified senior citizen income streamlines deductor reporting, annexures, and filing compliance.
Form No. 138 is the quarterly TDS statement for salary and specified senior citizen income, replacing Form 24Q and being filed under the Income-tax Act, 2025 and the Income-tax Rules, 2026. It is used by employers and specified deductors to report tax deducted and deposited, together with deductor particulars, deductee-wise details, and quarterly annexures. Annexure I applies to all quarters, while Annexure II and Annexure III are filed only in the last quarter for salary and specified senior citizen income details.
April 2, 2026
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Quarterly TDS statement filing requires electronic submission, prescribed annexures, correction limits, and timely compliance for tax credit reporting.
Form No. 138 is a quarterly electronic TDS statement required from employers deducting tax from salaries and specified banks deducting tax from pension and interest income of specified senior citizens. Only Annexure-I is filed for all quarters, while Annexure-II and Annexure-III are filed only for Q4. The form must be filed within the prescribed quarterly due dates, cannot be edited after submission, and may be corrected within two years after processing by CPC-TDS.
April 2, 2026
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TDS/TCS book adjustment reporting requires monthly filing of Form 137 for government office tax credits.
Form No. 137 is the monthly TDS/TCS book adjustment statement filed by Government offices and related accounts offices to report tax deducted or collected without challan and credit it to the Central Government account through the book adjustment system. It is filed under the Income-tax Rules, 2026 by offices remitting TDS/TCS through book entry rather than challan, with prescribed due dates, accounts office particulars, DDO-wise transfer voucher details and supporting AIN, TAN and voucher data. Processing generates Book Identification Numbers for DDOs for use in quarterly TDS/TCS statements.
April 2, 2026
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TDS/TCS book adjustment reporting requires mandatory electronic filing, AIN-based processing, and BIN generation for government offices.
Form No. 137 is the monthly consolidated TDS/TCS book adjustment statement for government offices where tax is credited to the Central Government without challan payment. It is mandatory for the concerned Accounts Officer, must be filed electronically within the prescribed time, and may be revised to correct mistakes. An Accounts Office Identification Number is required, and processing of the form generates a Book Identification Number used for related TDS/TCS statements and tax credit flow.
April 2, 2026
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Customs duty exemption on critical petrochemicals aims to steady supply chains and ease input costs across manufacturing sectors.
Temporary customs duty exemption granted on critical petrochemical products to address supply disruptions arising from the West Asia conflict and consequent global shipping and supply chain disturbances. The measure is directed at preserving the availability of essential petrochemical inputs for domestic industry, maintaining supply stability, and easing cost pressures on sectors dependent on petrochemical feedstock and intermediates, including plastics, packaging, textiles, pharmaceuticals, chemicals and automotive components. The exemption applies to specified petrochemical goods, including methanol, anhydrous ammonia, toluene, styrene, dichloromethane, vinyl chloride monomer, poly butadiene, styrene butadiene and unsaturated polyester resins.
April 2, 2026
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Accounts Office Identification Number application governs book-adjustment TDS/TCS reporting, supervisory verification, and TRACES-based allotment.
Form No. 136 is the statutory application for allotment of an Accounts Office Identification Number (AIN) to government Accounts Officers making TDS/TCS payments through book adjustment without challan production. The form is required only once, and the allotted AIN is mandatory for filing Form No. 137 statements for monthly reporting of such remittances. It requires applicant particulars, declarations, supervisory counter-verification, and code-based annexures, and may be filed online on TRACES or offline before the jurisdictional Commissioner of Income-tax (TDS).
April 2, 2026
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Accounts Office Identification Number rules govern AIN allotment, filing modes, eligibility, and later modification for government offices.
Form No. 136 is the application for allotment of an Accounts Office Identification Number (AIN) for Central and State Government Accounts Offices making TDS/TCS payments through book adjustment. AIN is a unique seven-digit identifier, and non-government offices are not eligible. The form may be filed online through the TRACES portal or offline before the jurisdictional Commissioner of Income-tax (TDS). Only one AIN is allotted to an Accounts Office, and details may later be modified. TAN is not mandatory, though it must be mentioned if already available.
April 2, 2026
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Tax Deduction and Collection Account Number forms now require category-specific details, documents, and streamlined filing rules.
Forms Nos. 134 and 135 are prescribed for allotment of a unique Tax Deduction and Collection Account Number (TAN), with Form 134 for Government applicants and Form 135 for non-Government applicants. They apply to persons required to deduct or collect tax at source, file TDS/TCS statements, or issue TDS/TCS certificates. The revised forms separate Government and non-Government categories and require category-specific particulars, mandatory PAN-related details, and supporting documents. The process may be completed online or physically and results in TAN allotment and dispatch of the TAN letter.
April 2, 2026
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Tax Deduction and Collection Account Number rules define TAN application forms, eligibility, documents, fee and correction procedures.
TAN is the unique identifier used for TDS and TCS compliances and must be quoted in related communications and filings. Under the Income-tax Rules, 2026, TAN applications are made through Form No. 134 for Government category deductors and Form No. 135 for non-Government applicants, either offline at authorised PAN centres or online through the prescribed portals. Incomplete applications are treated as invalid, post-submission edits are not permitted, correction requests may be made after allotment, and the fee is payable. Government applicants require AIN and the prescribed certificate; non-Government applicants require identity, address and incorporation-related documents, with PAN mandatory.
April 2, 2026
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Bail cancellation for non-compliance leads to surrender, passport restraint, forfeiture of deposit, and insolvency-linked conditions.
Cancellation of bail granted in connection with the alleged Grand Venice Mall scam after non-compliance with bail conditions. The Supreme Court directed surrender within one week, barred release of the passport without leave of the Court, and ordered forfeiture and disbursal of the deposited bail amount. Fresh regular bail may be sought only after twelve months and subject to compliance with the insolvency proceedings invoked against the petitioner's companies under the Insolvency and Bankruptcy Code, 2016.
April 2, 2026
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TCS certificate issuance rules govern Form No. 133, including TRACES generation, correction, duplicate issue, and credit claims.
Form No. 133 is the prescribed TCS certificate under section 395(4)(a) of the Income-tax Act, 2025, issued by the person responsible for collection of tax at source to the collectee as proof of tax collected and deposited with the Central Government. It enables the collectee to claim TCS credit on filing the return of income. The certificate is generated only after filing and processing of the quarterly TCS statement in Form No. 143 through the TRACES portal, must be issued within the prescribed time, and may be corrected, preserved, or reissued as a duplicate in accordance with the stated requirements.
April 2, 2026
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TDS certificate compliance requires Form 132 for specified payments, TRACES generation, and timely issuance after processing.
Form No. 132 is the consolidated TDS certificate for specified payments such as rent, immovable property transfers, technical services, contractual payments and transfer of Virtual Digital Assets. It must be issued by the deductor after tax is deducted and deposited, serves as proof of tax deposited with the Central Government, and enables the deductee to claim TDS credit. The certificate is generated from TRACES only after the challan-cum-statement in Form No. 141 is filed and processed, and it must be issued within 15 days from the due date for that filing.
April 2, 2026
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TDS certificate issuance rules govern Form No. 131, requiring TRACES-based generation, timely delivery, and revised statements for corrections.
Form No. 131 is the prescribed TDS certificate for payments other than salary, issued by the deductor to the deductee as proof of tax deducted and deposited, and to enable TDS credit in the return of income. It is generated only after filing and processing of the quarterly TDS statement on the TRACES portal, must be downloaded and signed before issue, and is invalid if prepared by any other mode. The certificate must be issued within the prescribed time, corrected through revised TDS statements where necessary, and retained for records.

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DigiFortex Achieves CREST Accreditation, Advancing High-Assurance Cybersecurity for Globally Regulated Enterprises

April 13, 2026

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Bengaluru-born, US-incorporated - founded 2021, bootstrapped, debt-free - CREST accredited in under five years, backed by global CISOs, cybersecurity pioneers, and technology founders Bangalore Team of DigiFortex Inc. BENGALURU and WILMINGTON, Delaware - April 2026: DigiFortex, a cybersecurity and digital risk assurance company incorporated in India in April 2021 and in the United States in May 2022, achieved CREST accreditation for penetration testing in February 2026 - under five years from founding, coinciding with the company’s fifth anniversary on April 15, 2026. The accreditation places DigiFortex among a select group of firms meeting the independently verified standard required by financial regulators across the United Kingdom, Singapore, Malaysia, the Netherlands, and the United States. Most CREST-accredited firms have been operating for a decade or more. DigiFortex earned it in under five years - bootstrapped and debt-free. CREST requires member organisations to undergo a rigorous independent audit of technical methodology, governance, information security management, and staff competence - actively required or strongly preferred by the UK's Financial Conduct Authority, Singapore's Monetary Authority, and EU regulators under the Digital Operational Resilience Act. “CREST accreditation confirms that DigiFortex meets recognised benchmarks for technical delivery, governance, and security testing -giving clients greater confidence in assessing their security posture,” said Nick Benson, CEO of CREST International. “This reflects the level of assurance and quality we expect from our Members.” “Five years ago we started DigiFortex from Bengaluru -without external funding, without debt, with a conviction that enterprises deserved globally validated cybersecurity. Today, as we mark our fifth year, CREST accreditation confirms what our clients already knew. This is not the end. It is the baseline from which we take DigiFortex global.” said Vijay Kumar, Founder and CEO, DigiFortex. Three Certifications. One Firm. Under Five Years. DigiFortex holds three independent certifications simultaneously -earned without external capital: ✓ CREST Accredited - February 2026. Independently audited against the global standard required by FCA, MAS, and EU regulators. ✓ CERT-In Empanelled - Recognised by India’s national cybersecurity authority for information security auditing. ✓ ISO 27001:2022 Certified - Information security management independently verified to the same standard DigiFortex recommends to its clients. Three independent validations. Three questions answered: qualified to test, trusted with data, recognised by authority. Trusted by the World’s Most Demanding Organisations DigiFortex’s clients include a global e-commerce major, a global payments company, a global insurance group, a global logistics company, central and state government bodies across India, public sector organisations, India’s top fintech and investment platforms, Indian private sector banks, technology and IT services companies, autonomous and connected vehicle platform companies, and a global visa and consular services company -with clients across the US, EU, UAE, UK, India, Singapore, and beyond. These are repeat clients who trusted DigiFortex with their critical business systems - and came back. CISOs, CTOs, CFOs, and security leaders across the world’s most compliance-intensive organisations have cited DigiFortex’s technical depth, actionable reporting, and findings that surpassed those of established global vendors. No venture funding. No debt. Every engagement earned on delivery quality alone. Backed by a World-Class Advisory Board DigiFortex is guided by an advisory board of global cybersecurity leaders, technology entrepreneurs, and academics. The board includes a well-known US CISO and former senior leader at MITRE, bringing deep expertise in threat intelligence and enterprise cyber risk. A cybersecurity industry veteran who established and led the India operations of two of the world’s most recognised cybersecurity companies, before founding a global threat intelligence startup and serving as CTO of a leading US cybersecurity firm. The co-founder and CEO of one of India’s most successful B2B SaaS companies serving Fortune 500 enterprises globally. The co-founder and CEO of a US-based analytics consultancy serving regulated enterprise clients across HIPAA, GDPR, and ISO frameworks. The former Director of one of India’s premier technology institutes. A Canadian-based academic and cybersecurity practitioner specialising in privacy law and data protection. A technology entrepreneur with expertise in emerging enterprise platforms. Full advisory board profiles: https://www.digifortex.com/About-Us/ Built for the AI Era - A Complete Portfolio Security Testing: CREST-accredited penetration testing across web, mobile, API, network, cloud, IoT, and OT environments. LLM and AI Penetration Testing, Red Teaming and Adversary Simulation, Attack Surface Management and Dark Web Monitoring. v-CISO: Fractional Chief Information Security Officer leadership for globally regulated technology companies, and AI-driven enterprises - building and maturing security programmes without the cost of a full-time hire. Virtual DPO: Fractional Data Protection Officer services guiding organisations through DPDPA, GDPR, and multi-jurisdictional privacy obligations - from data mapping and impact assessments to regulatory liaison and breach response. End-to-End GRC and Certifications: Comprehensive governance, risk, and compliance across Indian frameworks -RBI, SEBI, NABARD, IRDAI, UIDAI, and SBI-VSCC - and global frameworks including DORA, HIPAA, FedRAMP, SOX, NIST, PCI DSS, SOC 2, ISO 27001, ISO 42001, and GDPR. Internal Audit. AI Governance. Risk Management. Data Privacy: Advisory and implementation across DPDPA, GDPR, CCPA, and PIPEDA - covering privacy by design, data mapping, privacy impact assessments, and cross-border data transfer compliance. Managed Security: 24x7 AI-powered SOC. Cloud-Native Application Protection Platform with real-time monitoring, threat detection, and automated compliance. Delivered from Bangalore, Mumbai, Delhi, and Pune. Coming Soon: Enterprise Platforms for Security, Privacy, Compliance & AI Governance DigiFortex is developing enterprise platforms delivering unified visibility across security posture, data privacy, and compliance - built for organisations navigating accelerating regulatory complexity and the expanding attack surface of AI adoption. Further details will be announced in the coming months. Innovation and Talent DigiFortex is backed by a solid engineering team with experience from the IITK ecosystem and India’s top technology institutions - combining deep offensive security expertise with rigorous GRC and privacy credentials. The team brings academic pedigree from Wharton, Kellogg, ISB, IIM, IIT, NIT, and IIITB, with founding experience from early-stage McAfee and APAC’s first Security Operations Centre. On every engagement, DigiFortex deploys engineers who have built, broken, and secured complex enterprise systems -not consultants who document them. Team certifications span OSCP, OSCP+, CRTP, CISSP, CEH, CISA, CCSA NG, ISO 27001 Lead Auditor, CIPP/E, DCPLA amongst others - covering offensive security, red team operations, enterprise security leadership, network defence, information systems audit, and data privacy law across European and global jurisdictions. The company has inventors with 17 US patents applicable across 170+ countries - reflecting an engineering culture that invents, not just implements. DigiFortex has engaged with Stanford University, the University of Washington, and the London School of Economics, and has on multiple occasions delivered security assessment findings that surpassed those of established global vendors. About DigiFortex DigiFortex is a cybersecurity and digital risk assurance company incorporated in India in April 2021 and in the United States in May 2022. Bootstrapped and debt-free, the company holds CREST accreditation, ISO 27001:2022 certification, and CERT-In empanelment -earned in under five years without external funding. Trusted by global e-commerce, payments, insurance, and logistics majors, government bodies, fintech platforms, and technology firms across the US, EU, UAE, UK, India, Singapore, and beyond, DigiFortex delivers penetration testing, GRC, SOC, AI security, CNAPP, and data privacy services from delivery centres across India. The company has inventors with 17 US patents applicable across 170+ countries. Website: www.digifortex.com Media Contact Vijay Kumar Founder & CEO, DigiFortex [email protected] +91 9448353194 www.digifortex.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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