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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.
April 2, 2026
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TDS and TCS certificate rules shift to revised TRACES-based forms with defined issuance timelines and certificate structures.
TDS and TCS certificates under section 395(4) of the Income-tax Act, 2025 are to be issued in revised Form Nos. 130, 131, 132 and 133, replacing the earlier certificate forms under the Income-tax Act, 1961. The deductor, collector or employer must request generation and download through the TRACES portal, and the certificate is valid only when generated from that portal and signed digitally or physically by the deductor or collector. The revised forms prescribe separate issuance timelines, certificate structures and linkage to the relevant statements or challan-cum-statements.
April 2, 2026
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TDS certificate Form No. 130 formalises tax credit for salary, pension, and specified senior-citizen interest income.
Form No. 130 is the annual TDS certificate issued to salaried employees, pensioners, and specified senior citizens in relation to salary, pension, or eligible interest income on which tax has been deducted and deposited. It replaces Form 16 and serves as proof of deduction and deposit of tax, enabling the deductee to claim credit for TDS. The certificate is issued by the employer or specified bank through the TRACES system, after processing of quarterly TDS statements, and issuance is mandatory once tax has been deducted and deposited.
April 2, 2026
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Tax deduction before remittance governs Form 129 applications to determine taxable income and treaty-based withholding for non-resident payments.
Form No. 129 is the electronic application used by a payer remitting sums, other than salary, to a non-resident individual or a foreign company to obtain a certificate determining the amount chargeable to tax before remittance and to authorise deduction of tax on that amount. The form applies before remittance, may be withdrawn before an order is passed, and requires payer and payee particulars, transaction details, supporting documents, and treaty-based or domestic taxability details for assessment by the Assessing Officer.
April 2, 2026
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GST revenue collections and refund adjustments for March 2026 show provisional gross, net and cess figures across domestic and import streams.
Gross and net GST revenue collections for March 2026 are reported on a provisional basis, with separate disclosure of domestic and import collections, refunds, net revenue and compensation cess. The statement presents gross GST revenue by CGST, SGST and IGST, shows domestic refunds and export-linked GST refunds through ICEGATE, and derives net domestic revenue, net customs revenue and total net GST revenue after refund adjustments. It also notes that compensation cess is a transitory arrangement until the loan and interest liability is discharged, and that the figures may vary on finalisation.
April 2, 2026
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Tax deduction at lower or nil rate through Form No. 129 for non-resident payments and remittances.
Form No. 129 is an online application by a payer to obtain a certificate for deduction of tax at a lower or nil rate on payments to a non-resident or foreign company. It is filed before remittance, requires supporting documents and verification through prescribed electronic methods, and may be withdrawn before the Assessing Officer passes an order. If eligibility and compliance requirements are satisfied, the Assessing Officer issues a certificate valid for the specified tax year; otherwise, tax is deducted at the applicable rate.
April 2, 2026
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Income-tax simplification and modernisation as the new Act replaces the old regime with streamlined compliance measures.
The Income-tax Act, 2025 comes into force from 1 April 2026 and replaces the long-standing Income-tax Act, 1961. The reform is presented as a comprehensive simplification and modernisation of India's direct tax framework, aimed at improving clarity, ease of compliance, and reader-friendly presentation without altering the underlying tax policy. The Income-tax Rules, 2026 have been notified to operationalise the new Act, and the corresponding forms have also been issued to make compliance simpler.
April 2, 2026
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Export obligation discharge certificates see accelerated disposal under a special drive to clear backlog and ease exporter compliance.
The Directorate General of Foreign Trade conducted a time-bound special drive for expeditious issuance of Export Obligation Discharge Certificates under the Advance Authorisation and Export Promotion Capital Goods schemes, with daily monitoring by senior officials to accelerate closure of export obligations and improve trade facilitation. The drive was designed to support an exporter-friendly ecosystem by enabling release of bank guarantees and bonds, reducing grievance burden, and strengthening compliance monitoring under the foreign trade framework. In view of the campaign's results, the special drive was extended for a further two months with fresh guidelines. The extension continues the administrative effort to expedite EODC disposal, support timely closure of export obligations, and reduce the operational burden on exporters.
April 2, 2026
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Conditional customs duty concessions for SEZ to DTA clearances impose value addition, cap limits, and anti-double-benefit safeguards.
Conditional customs duty concessions are notified for clearance of goods manufactured in Special Economic Zones to the Domestic Tariff Area, subject to a ceiling of 30 per cent of the highest annual Free on Board export value in the preceding three financial years. Eligible units must satisfy minimum 20 per cent value addition, obtain a Development Commissioner's certificate, and comply with audit requirements, while export benefits such as duty drawback on inputs are barred to prevent double benefits.
April 2, 2026
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Lower or nil tax deduction certificate process under income tax law through electronic Form 128 filing and approval.
Form No. 128 is the electronic application under the Income-tax Act, 2025 for a certificate authorising lower or nil deduction of tax at source and lower collection of tax under section 395(1) and section 395(3). It may be filed by resident or non-resident applicants seeking reduced TDS or TCS on specified income, and requires applicant details, tax liability particulars, income estimates, supporting financial information, and payer/TAN details where applicable. The form is processed electronically, and any approved certificate can be shared with the payer for application of the authorised rate during its validity.
April 2, 2026
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Lower or nil tax deduction certificate through TRACES requires advance electronic filing, PAN, and supporting documents.
Form No. 128 is the electronic application for a certificate authorising lower or nil deduction of income-tax and lower collection of income-tax under section 395(1) and section 395(3) of the Income-tax Act, 2025. The form is optional, must be filed through the TRACES portal before the relevant transaction, and cannot be processed once the TDS/TCS transaction is completed. It requires PAN, supporting documents, and electronic submission with e-verification.
April 2, 2026
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Tax collection at source declaration for non-trading use of goods enables buyers to obtain goods without TCS.
Form No. 127 is the declaration required from a buyer to obtain goods without collection of tax at source where the goods are intended for manufacturing, processing, production, or generation of power and are not meant for trading. The buyer must furnish the declaration to the seller at or before the purchase or payment event, and the seller must verify the declaration, upload monthly details to the e-filing portal by the 7th of the following month, and forward the declaration to the tax authority.
April 2, 2026
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TCS exemption declaration for specified goods requires PAN, timely filing, and seller reporting obligations.
Form No. 127 is a buyer's declaration under section 394(2) of the Income-tax Act, 2025 for obtaining specified goods without collection of tax at source. A resident buyer may furnish the declaration to the seller where the goods are intended for manufacturing, processing, producing articles or things, or generating power, and not for trading. PAN is mandatory, the declaration must be furnished on or before the date of transaction, and once received the seller must report the particulars and include the transactions in the quarterly TCS statement.
April 2, 2026
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Tax deduction relief for non-resident branch operations through a unified Form No. 126 compliance framework.
Form No. 126 is a unified self-declaration and treaty-benefit request for specified non-residents carrying on business or profession in India through a branch to obtain a certificate for receipt of certain sums without deduction of tax at source. Banking companies and insurers, and other eligible non-resident persons, must satisfy the conditions in Rule 209, including tax compliance, branch-based receipt on own account, and, for non-banking applicants, continuous business in India for five years and prescribed fixed assets. The application is filed electronically, processed by the Assessing Officer, and the certificate remains valid for the relevant tax year unless cancelled earlier.
April 2, 2026
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Rupee recovery follows RBI cap on banks' net open position amid capital outflows and crude-driven pressure.
Rupee recovered in early trade after the Reserve Bank of India capped banks' net open position in the onshore forward delivery market and required compliance by April 10, 2026. The currency remained under pressure from foreign capital outflows, a stronger dollar, rising crude oil prices, geopolitical volatility, widening trade deficit, declining remittances and sustained foreign portfolio investor selling.
April 2, 2026
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Customs duty exemption on critical petrochemical imports aims to stabilise supply chains and ease cost pressures.
Full customs duty exemption has been granted on specified critical petrochemical imports as a temporary and targeted measure to protect supply stability amid disruptions in global supply chains caused by the West Asia crisis. The exemption is intended to ensure continued availability of essential petrochemical inputs for domestic industry, reduce cost pressures on downstream sectors, and provide relief to consumers of final products. The exemption remains valid until June 30 and covers Methanol, Anhydrous ammonia, Toluene, Styrene, Dichloromethane, Vinyl chloride monomer, Poly butadiene, Styrene butadiene and Unsaturated polyester resins.

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PANVIS STAR Vascular Interventional Robotic System Redefines Mechanical Thrombectomy

April 15, 2026

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BEIJING, April 13, 2026 /PRNewswire/ -- In 2021, there were 11.96 million new stroke cases worldwide, with ischemic stroke (IS) accounting for 65.3%. China has an estimated 17.8 million stroke survivors, 86.8% of which are ischemic. For large vessel occlusion (LVO), mechanical thrombectomy (MT) is the gold standard, extending the treatment window from 4.5 to 24 hours.

However, patient access to MT remains limited due to the uneven distribution of healthcare resources, operator fatigue, and steep learning curves. Vascular interventional robotic system such as PANVIS STAR from Shenzhen Institute of Advanced Biomedical Robot Co.,Ltd. (abrobo), is redefining neurointervention by offering unique advantages and validated clinical value.

Using an animal model of ascending pharyngeal artery occlusion for thrombectomy, the PANVIS STAR system successfully completed the full mechanical thrombectomy workflow. The operator remotely controlled the system to perform femoral artery access, aortic arch angiography, target vessel superselection, micro-guidewire crossing, and stent retriever deployment. Clot withdrawal was achieved by retracting the stent retriever and microcatheter as a single unit, enabled by the system's four-device co-manipulation capability (guiding catheter, intermediate catheter, microcatheter, and stent retriever). Post-procedure angiography confirmed complete recanalization. The entire procedure demonstrated PANVIS STAR's ability to execute multi-device coordinated thrombectomy with sub-millimeter precision, force detection and haptic feedback, and stable device control.

PANVIS STAR brings powerful technological innovations to clinical practice: PANVIS COF (Catheter-On-Finger) The world's first fingertip intuitive control system to mimic the natural dexterity of a surgeon's hand. Using PANVIS COF, surgeons can rotate and advance guidewires, catheters, and therapeutic devices without abandoning their accustomed thumb-and-index finger manipulation. This breakthrough significantly shortens the learning curve, empowering a broader range of physicians to perform complex neurointerventions with confidence and precision.

Fo ur-Device Co-Manipulation + Five-Device Channels A signature breakthrough, PANVIS STAR enables the independent or synchronous control of four critical devices: guiding catheter, catheters, microcatheters, and therapeutic devices. The system also establishes five dedicated device channels, supporting dual guidewires, dual rapid-exchange devices, and multiple microcatheter operations.

Multiple Control Motion Modes PANVIS STAR offers a range of motion modes, seamlessly adaptable to diverse vessel anatomies and operator preferences. From navigating simple vessels to traversing extreme tortuous paths, from rapid device advancement to sub‑millimeter micro‑adjustments, one‑click switching ensures the operator remains in complete control. Sub‑millimeter motion precision enhances procedural stability, even in the most demanding cases.

Haptic Feedback PANVIS STAR is equipped with intraoperative force detection and haptic feedback. As guidewires navigate through delicate cerebral vasculature, the system captures resistance changes and relays them to the operator's fingertips by delivering a haptic force feedback signal. Complementing this capability is a built‑in real‑time physiological tremor filter that effectively eliminates hand jitter, further enhancing stability and precision during critical steps.

Compact Design Breaking the traditional "catheter fully straightened" paradigm, PANVIS STAR innovatively adopts a "bend‑then‑straighten" approach. This reduces the distance between the two driving units that hold the catheter, making the entire system more compact and lighter while increasing the effective usable length of the catheter for more clinical scenarios. The result is a system that is both compact and highly capable.

Pan ‑ vascular interventional procedure compatibility PANVIS STAR features ultra‑long travel to support the entire catheterization process after sheath insertion. It is pan‑vascular compatible, suitable for cerebral, cardiac, peripheral, and oncological interventions.

Remote Operation Support PANVIS STAR lays the technical groundwork for long‑distance remote surgery over 5G networks, bringing the promise of equitable access to life‑saving interventional care to patients, no matter where they live.

Success Case: World's First Remote Neurointervention Live Demonstration At the 2024 Oriental Congress of Neurovascular Diseases (OCIN) in Shanghai, PANVIS STAR achieved a significant milestone: the world's first live remote animal neurointervention demonstration.

Led by Professor Liu Jianmin's team, the procedure demonstrated the system's ability to perform aneurysm coiling and basilar artery stenting from a master console at the conference venue to a robotic drive in an animal lab miles away.

At the patient level, a stable thrombectomy process, precise stent deployment, and real-time force feedback monitoring enable even experienced operators to benefit from the robot's steady "hands," reducing the risk of post-procedural complications. Furthermore, telemedicine allows more patients to receive high-level treatment within the golden time window.

About PANVIS STAR PANVIS STAR is a next-generation pan-vascular interventional robotic system designed to cover multiple interventional specialties, including neurovascular, cardiovascular, peripheral vascular and oncological procedures. While addressing the global burden of ischemic stroke and large vessel occlusion, PANVIS STAR goes beyond thrombectomy to offer precise, reproducible, and remotely operable solutions across a broad spectrum of clinical indications.

With a focus on clinical utility, intuitive design, and remote operability, PANVIS STAR aims to make interventions more accessible worldwide.

About abrobo Shenzhen Institute of Advanced Biomedical Robot Co.Ltd., abbreviated as Abrobo, specializes in the field of vascular interventional surgery (VlS) robots. Upholding the values of "user-centered, excellence innovation-driven, agile and iterative", Abrobo strives to create a VlS control system that is "easy for surgeons and benefits patients". Abrobo possesses complete independent intellectual property rights and is committed to becoming a recognized global leader in VlS robots.

For inquiries about PANVIS STAR products, please contact: [email protected] (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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