Filing of applications for Lower / Nil TDS or TCS TDeduction Certificates in Forms 13, 15C, 15D and 15E for FY 2026–27 has been enabled on the TRACES portal. 

Applications may be submitted up to 31.03.2026. 

Certificates issued against such applications shall be valid for FY 2026–27 under the Income-tax Act, 2025.

#Economy | 📈 India’s Retail Inflation Rises to 3.2% in February from 2.74% in January

More details 👇
https://www.moneycontrol.com/news/business/economy/india-s-retail-inflation-rises-to-3-2-in-february-13858309.html?utm_medium=social&utm_source=whatsapp&utm_campaign=regular-editorial

Reliance Industries is reportedly planning to invest in a $300 billion oil refinery project in Texas, announced by US President Donald Trump.

 If completed, it would become the first new oil refinery built in the US in nearly 50 years. The project, expected to be located near Brownsville , aims to significantly boost US refining capacity, create thousands of jobs, and strengthen energy security. 

The scale of the investment makes it one of the largest energy infrastructure deals ever, highlighting deepening India–US energy ties and Reliance’s growing global energy ambitions.

Central Goods & Services Tax (#CGST) Delhi South Commissionerate arrests director of a company for fraudulent availment of Input Tax Credit (ITC) amounting to ₹60.59 crore through bogus invoices of ₹397.23 crore 

Analysis of #GST return data and verification of the declared place of business of the supplier entity revealed that the premises was merely a co‑working space and no books of accounts, stock, invoices or any evidence of genuine business activity was found

Further, CGST Delhi South Commissionerate, in the current fiscal year, has already launched prosecutions against 45 fraudsters under the CGST Act, 2017

ITR-U or Updated Income Tax Return is the form that allows you to rectify errors or omissions and update your previous ITR. It can be filed within four years from the end of the relevant assessment year. You can file ITR-U for preceding 4 assessment years (48 months). For FY 2024-25, ITR-U can be filed from 1st April 2026 to 31st March 2030.