It explains the procedure for employers to deduct tax at source from salaries, including rate of deduction, computation of taxable salary, exemptions, rebates, and reporting requirements, ensuring correct salary TDS compliance for the financial year.

No Objection Certificate for a person not domiciled in India under section 420(1) of the Act

It allows temporary relaxation from mandatory electronic filing of Form 3CF for institutions seeking approval under Section 35(1), easing compliance for research organisations applying for tax benefits.

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION

MINISTRY OF FINANCE (Department Of Revenue) NOTIFICATION New Delhi, the 17th April, 2026 No. 05/2026-Customs (ADD)

SECURITIES AND EXCHANGE BOARD OF INDIA (ALTERNATIVE INVESTMENT FUNDS) (AMENDMENT) REGULATIONS, 2026

Review of requirement relating to registration for a Not for Profit Organization on Social Stock Exchange and minimum subscription requirement for issuance of Zero Coupon Zero Principal Instruments

It empowers tax authorities to accept delayed applications/claims (like refunds, exemptions, or deductions) beyond the prescribed time limit, where genuine hardship is shown, so that taxpayers are not denied relief due to procedural delays.

Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2026

It explains relief from consequences of PAN becoming inoperative due to non-linking with Aadhaar within the prescribed time, and clarifies how taxpayers can still use PAN for certain transactions during the relaxation period, subject to conditions.

Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2026

This has reference to SEBI circular Ref No. HO/38/11/(1)2026-MIRSD-POD/I/7656/2026 dated March 23, 2026, members are requested to note that, requirement for reporting demat accounts to the stock exchanges has been discontinued w.e.f. April 17, 2026.

International Trade Settlement in Indian Rupees (INR)

It provides additional time for trusts/institutions to apply for registration or approval under Section 10(23C), Section 12A, and Section 80G, ensuring they don’t lose benefits due to procedural delays.

It clarifies conditions for tax exemption to specified sovereign wealth funds and pension funds on income from investments in India, including rules on eligibility, investment conditions, and compliance requirements.

It provides a utility on the income tax portal to help deductors/collectors identify “specified persons” (non-filers of income tax returns) and apply higher rates of TDS/TCS accordingly, ensuring easier and accurate compliance.

I t states that registrations/approvals granted to trusts or institutions through Form 10AC up to that date remain valid, and provides clarity on their continuity and compliance requirements under the Income Tax Act.

t explains how tax should be deducted when benefits are provided fully or partly in kind, ensuring the provider collects or pays the required TDS before giving the benefit.

This circular was issued by the Central Board of Direct Taxes (CBDT) to clarify practical issues (“removal of difficulties”) in implementing Section 194R, which deals with tax deduction at source (TDS) on benefits or perquisites arising from business or profession.