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    Form 78 – Frequently Asked Questions
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    Rupee rebounds 128 paise from all-time low to 93.57 against US dollar in early trade
    Form 76 – Frequently Asked Questions
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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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.
March 29, 2026
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E-commerce customs duty moratorium extension faces split views as members debate digital trade and revenue implications.
World Trade Organisation members are negotiating whether to extend the moratorium on customs duties on electronic transmissions, including digital downloads and streaming, as the current extension is due to expire. Members remain divided on the duration of any further extension, with some opposing renewal or preferring a short extension and others seeking a longer period. The issue is linked to ongoing concerns over the treatment of digital imports and the scope of the duty ban that has been periodically renewed since 1998.
March 29, 2026
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Misdeclared import consignment leads to seizure of hydroponic marijuana at airport and arrest of one person.
Customs authorities at Pune International Airport seized a consignment of hydroponic marijuana that had been declared as food items and packed in boxes labelled as "Mandarin orange sacs". The goods arrived from Bangkok, and inspection revealed sealed tin cans containing a vacuum-sealed pack of hydroponic marijuana. The entire consignment yielded 76.58 kg of the contraband, and one person was arrested in connection with the seizure.
March 29, 2026
Show AI Summary
Trade agreement negotiations advance as India discusses Canada, UK, EU and New Zealand economic cooperation priorities.
India and Canada discussed expediting negotiations for a comprehensive economic partnership agreement, alongside cooperation in high-tech sectors, clean energy transition, nuclear energy, agriculture, and critical minerals. India and the United Kingdom reviewed implementation of the comprehensive economic and trade agreement, with both sides completing their respective approval processes and looking forward to its entry into force. India and the European Union reviewed progress on the recently concluded free trade agreement, while India and New Zealand discussed preparations for the prime minister's upcoming visit.
March 29, 2026
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Strait of Hormuz shipping disruption eases as Indian LPG tankers safely transit and support domestic fuel supply.
Safe transit of Indian-flagged LPG tankers through the Strait of Hormuz has been maintained despite conflict-related disruption to shipping in the region. The passage of additional carriers, together with earlier arrivals of LPG, crude oil and gasoline vessels, has helped support India's fuel supply chain at a time when the country depends heavily on imported LPG for domestic cooking gas demand. Continued maritime monitoring, coordination for vessels remaining in the western Persian Gulf, and repatriation of Indian seafarers have also been facilitated.
March 29, 2026
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Jet fuel taxation relief is being explored to ease airline operating costs amid West Asia conflict pressures.
Measures are being explored to reduce the impact of the West Asia conflict on airlines, including discussions with state governments on lowering taxes on jet fuel. Airlines are facing higher operating costs because of surging oil prices, airspace curbs, and longer flight routes, with aviation turbine fuel forming a substantial part of total expenses and value added tax on such fuel varying across states.
March 29, 2026
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Tea land transfer concerns prompt calls for clear guidelines, labour law harmonisation, and protection of industry liabilities.
Tea planters' body has sought clear guidelines before implementation of the amended law for transfer of housing line land to tea garden workers, citing administrative, financial and legal complications where land is mortgaged and labour quarters are company-built assets. It has also pointed to continuing management responsibility for housing and welfare amenities under labour law, urged full recognition of in-kind benefits for wage computation, requested release of pending subsidy payments, and called for policy support, market diversification, quality control, and a minimum sustainable price for made tea.
March 28, 2026
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National unity and aviation expansion drive highlighted as leaders urge restraint amid global crises and promote regional growth.
Prime Minister urged unity and restraint in responding to global crises, warning political parties against divisive remarks that may harm national interests. He linked the inauguration of Noida International Airport, its cargo terminal and MRO facility to a broader push for connectivity, regional growth and lower travel costs. The address also highlighted aviation expansion, the UDAN scheme, logistics development, transport infrastructure and self-reliance in the MRO sector.

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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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