Accountant certificate filing for international and specified domestic transactions must follow the prescribed online process and timeline.
Form No. 47 is the accountant's certificate for international transactions or specified domestic transactions meeting the conditions in rule 82(5). It is to be furnished with Form No. 46 within the prescribed filing window, beginning from the end of the third tax year and ending on 30 June following that year. The form can be submitted only online through the Income Tax e-Filing portal, and no supporting documents are required.

Arm's length price option filing through Forms 46 and 47 under rule 82 for multiple-year determination.
Rule 82 prescribes Form No. 46 and Form No. 47 for exercise of the option for determination of arm's length price under section 166(9) of the Income-tax Act, 2025. Form No. 46 is furnished by an assessee for determining arm's length price in respect of international transactions or specified domestic transactions for multiple years in a single proceeding, covering the second and third tax years immediately following the first tax year in which reference has been made under section 166. Form No. 47 is the accompanying accountant's certificate.

Arm's length price option through Form No. 46 covers multiple years, online filing, and accountant certification.
Exercise of option for determination of arm's length price under section 166(9) is made through Form No. 46 for international transactions or specified domestic transactions for multiple years in a single proceeding. The option covers the second and third tax years immediately following the first tax year in which a reference has been made under section 166. Form No. 46 must be filed between the end of the third tax year and 30 June following that year, only online through the Income Tax e-Filing portal, and accompanied by the accountant's certificate in Form No. 47.

Foreign tax credit filing rules for Form 44 require resident assessees to report foreign income, refunds, and supporting documents.
Form No. 44 is required for a resident assessee claiming foreign tax credit under Rule 76 or intimating refund of foreign tax arising from carry backward of loss, revision of return, or similar changes. It must generally be filed within 12 months from the end of the relevant tax year, or by the date of furnishing an updated return where applicable. The form covers particulars of the person, foreign income and credit claimed, and any refund of foreign tax, and must be supported by documents on income, foreign tax paid, disputes, and refund particulars. Filing is made through the e-filing portal with e-verification, and accountant verification applies in specified cases.

Digital housing loan access expands through a unified marketplace for defence and government personnel.
The Gruh Sugam Portal streamlines digital housing loan access for Defence personnel, members of paramilitary forces, and State and Central Government employees through their administrative units. It functions as a unified digital marketplace that relays minimal loan requests to registered lending institutions, enables comparison of competing offers, and supports seamless digital integration, online query resolution, grievance redressal, and consumer protection. The initiative is aimed at improving transparency, efficiency, financial inclusion, and affordable home ownership.

Foreign tax credit filing requires Form 44, with online submission, supporting documents, and accountant verification in specified cases.
Form No. 44 is the prescribed electronic statement for a resident assessee claiming foreign tax credit on income from a country or specified territory outside India. It is mandatory where foreign income is involved and credit is sought for foreign tax paid, and it also applies where a refund of foreign tax arises after credit has already been claimed. The form must be filed online through the e-filing portal within the specified time, and it includes particulars of the person, foreign income and credit details, and refund-related details. Supporting certificates, proof of payment or deduction, and accountant verification in specified cases are required.

Cashless health insurance claims timelines and fair pricing measures aim to improve settlement efficiency and policyholder trust.
IRDAI has prescribed timelines for cashless health insurance claims, requiring pre-authorisation within one hour and final authorisation within three hours to reduce delays and support timely medical care. The sector has also seen strong growth in premiums, while fair pricing under 2024 regulations is linked to relevant risk factors, periodic actuarial review, credible data and customer feedback. Claims settlement data, grievance disposal figures and common grounds for disallowance or repudiation are also noted.

Tax residency certificate enables DTAA benefits and is issued by the Assessing Officer on application with supporting documents.
Form 43 is the tax residency certificate issued by the Assessing Officer for the purposes of section 159 of the Income-tax Act, 2025. It certifies that a person is resident in India for a stated period and enables the taxpayer to claim benefits under a Double Taxation Avoidance Agreement. The certificate is issued on an application made in Form 42 with the supporting documents required by the Assessing Officer and is not subject to statutory due dates or an ordinary taxpayer filing process.

Tax Residency Certificate issued on request supports residence proof for DTAA benefits and section 159 purposes.
Form 43 is the Tax Residency Certificate issued by the Assessing Officer to certify residence in India for the purposes of section 159 and Double Taxation Avoidance Agreement benefits. It is not filed by the taxpayer; it is issued on request when Form 42 is submitted with the required documents. The certificate is generated through the ITBA and made available on the e-filing portal, and no specific statutory limit is stated on the number of certificates that may be issued in a year for distinct valid periods.

Tax residency certificate application streamlined through Form 42, with electronic filing, document upload, and issuance of Form 43.
Form 42 is the application for a tax residency certificate in India for the purposes of section 159 of the Income-tax Act, 2025 and treaty benefits under a Double Taxation Avoidance Agreement. It is filed electronically by a resident claiming Indian tax residency, with supporting identity, incorporation, and other documents, and may be verified through electronic verification code, Aadhaar OTP, net banking, bank or demat account mechanisms, or digital signature. Processing of the form results in issue of Form 43.

Tax Residency Certificate application Form 42 governs online filing, supporting documents, and DTAA benefit access.
Form 42 is the prescribed application for obtaining a Tax Residency Certificate in India for the purposes of claiming benefits under Double Taxation Avoidance Agreements. It is filed online through the e-filing portal, requires a valid PAN, and is not mandatory in every case. The form cannot be edited after submission, though withdrawal may be enabled, and supporting documents such as passport, incorporation records, and proof of stay in India may be required.

Petroleum and LPG supply security remains intact as the government rejects shortage claims and cites ample stock cover.
India's petroleum and LPG supply position is described as secure, with about 60 days of fuel stock cover and no rationing or shortage at retail outlets. The government says crude supplies for the next 60 days have been tied up from multiple international sources, refinery utilisation is above full capacity, and alternative imports have offset disruption linked to tensions around the Strait of Hormuz. It also states that 800,000 tonnes of LPG cargoes have been secured, about one month of LPG supply is arranged, and measures have been taken to prevent hoarding and keep deliveries steady.

DTAA self-declaration for non-residents enables treaty tax benefits through electronic filing and residency verification.
Form 41 is a self-declaration for non-resident taxpayers seeking Double Taxation Avoidance Agreement benefits on income from India. It is filed once in a tax year, requires a valid Tax Residency Certificate and Tax Identification Number, and is submitted electronically through the income-tax e-filing portal. Treaty benefits depend on valid filing, supported by the required documents and electronic verification.

DTAA compliance through Form 41 governs non-resident tax relief, online filing, and supporting residency documentation requirements.
Form 41 is a self-declaration under section 159(8) of the Income-tax Act, 2025 for non-resident taxpayers seeking DTAA benefits with India. It is mandatory, filed annually through the Income Tax e-filing portal, and requires a valid Tax Residency Certificate and tax identification number. The form cannot be edited after submission, no proof of tax payment is required, and the DTAA benefit is unavailable without a valid electronically filed form and supporting documents.

Tax deferral for foreign retirement accounts through Form 40 applies to resident Indians with irrevocable relief option.
Form 40 is the prescribed electronic form for a resident Indian to exercise the option under Section 159 of the Income Tax Act, 2025, read with Rule 74, to claim tax relief in respect of income accrued in a foreign retirement account maintained in a notified country. The option is intended to prevent double taxation by deferring taxation in India until withdrawal or redemption of the income in the foreign country. The option may be exercised only once, is irrevocable, and applies to all future years and all specified accounts.

Startup ecosystem support gains momentum through industry mentorship, innovation challenges, and market access for emerging technology startups.
Startup ecosystem support is being advanced through a Memorandum of Understanding between DPIIT and a digital entertainment company to promote product startups in digital entertainment, online gaming, esports, interactive media, and AI-driven technologies. The collaboration is intended to provide structured industry engagement, mentorship, knowledge exchange, curated opportunities, Proof-of-Concept development, market access, and integration into industry ecosystems wherever feasible. It also contemplates innovation challenges, hackathons, workshops, masterclasses, pilot collaborations, and outreach through Startup India programmes.

Corporate law and management programme launches as a two-year residential LL.M. with integrated regulatory and compliance training.
IICA and NLUJAA, Assam have jointly launched a two-year, full-time residential LL.M. programme in Corporate Law and Management. The course is designed to integrate legal education with managerial and compliance-oriented perspectives, and to strengthen professional competencies in corporate law, governance and regulatory frameworks through academic engagement linked to the Ministry of Corporate Affairs. The programme carries 54 credits across four semesters, with the first year at NLUJAA and the second year at the IICA Campus, IMT Manesar.

Tax relief for foreign retirement accounts requires valid Form 40 filing, online verification, and timely self-declaration.
Form 40 is the prescribed electronic form for a resident Indian to exercise the option for relief under section 158 of the Income-tax Act, 2025 in respect of income from a retirement benefit account maintained in a notified country. Valid filing within the prescribed due date is mandatory for an admissible claim, the option once exercised applies for the tax year and subsequent years, and the form cannot be edited after submission. The filing requires self-declaration, PAN, online verification, and supporting documents showing the foreign tax treatment and income computations.

Relief for additional salary and lump-sum receipts is streamlined through Form 39's electronic filing and self-computation system.
Form 39 is the prescribed electronic form for claiming relief under section 157(1) of the Income Tax Act, 2025 in cases involving additional salary or family pension received in arrears or in advance, gratuity, retrenchment compensation, commutation of pension, and similar lump-sum receipts. The form is filed on the e-filing portal, supports self-computation of admissible relief under Rule 73, and may be used for TDS purposes. The revised form includes basic details, receipt-specific computation columns, auto-populated summary fields, supporting document requirements, and electronic verification.

Relief under section 157(1) through Form 39 requires electronic filing, PAN, and complete particulars for qualifying lump-sum receipts.
Relief under section 157(1) is claimed through Form 39 by an employee receiving additional salary, family pension, gratuity, retrenchment compensation, commutation of pension, or similar lump-sum receipts that may increase the tax burden in the year of receipt. The form may also be furnished to the tax-deductor for TDS purposes. It must be filed electronically, cannot be filed offline, requires a valid PAN, contains separate sections for different receipts, and cannot be edited after verification and acknowledgment.