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Reassessment Beyond 4 Years Without New Material Invalid: ITAT Quashes ₹3.40 Cr S. 80IB(10) Disallowance [Read Order]

The Income Tax Appellate Tribunal, Mumbai Bench quashed income tax reassessment proceedings against Komal Enterprises holding that a reassessment...

Revised ITR Filing to Be Allowed from Dec 31 to March 31 with Nominal Fee: FM in Budget 2026

Income Tax Filings Jump to Rs. 9.2 Crore; Non-Corporate Tax Collections Surge

Income Tax Dept Addresses Concerns Over Recent AIS Mismatch Advisory

CBDT Targets Bogus Deduction claims, Selected Taxpayers to get SMS and E-mails

Civil, Plumbing & Electrical Charges Paid by Senior Citizen to Builder are Genuine Cost of Acquisition: ITAT Allows ₹11.35L Income Tax Deduction

The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT) recently held that civil, plumbing and electrical charges paid directly to the builder form part of the genuine cost of acquisition...

Chartered Accountants body Seeks Uniform Relief for Taxpayers Filing Form 3CEB u/s 92E of Income Tax Act [Read Circular]

The Karnataka State Chartered Accountants Association (KSCAA) has written to the Central Board of Direct Taxes (CBDT) explaining an anomaly in the recently issued Circular No. 15/2025 and the Press ...

Mismatch Between Income Tax and ST-3 Returns: CESTAT Upholds Service Tax Demand for Unexplained Discrepancy [Read Order]

The Bangalore Bench of Customs,Excise and Service Tax Appellate Tribunal ( CESTAT ) upheld service tax demand after finding a clear mismatch between Income Tax and ST-3 returns for FY 2014-15, ...

Canada Launches World's First Automatic Tax Filing System for Low-Income Citizens: Can India Replicate This Digital Welfare Revolution?

Canada has taken a groundbreaking step in digital governance by announcing the world's first comprehensive automatic tax filing system for low-income citizens, a move that could serve as a...

Income Tax Compliance Calendar for October 2025

October 2025 is an important month for taxpayers with several income tax compliance deadlines. It includes due dates for TDS deposits, TCS statements, audit reports, and filing of income tax returns....

"The system is stable and fully functional...", says CBDT whilst Extending Tax Audit Report Due Date: Here's why it is Otherwise

On 25th September 2025, the Central Board of Direct Taxes (CBDT) announced an extension for filing Tax Audit Reports (TARs) for Assessment Year 2025-26. The deadline has been pushed from 30th...

[Breaking] CBDT Extends due date for filing Audit Reports [Read Press Release]

The Central Board of Direct Taxes ( CBDT ) has announced an extension of the due date for furnishing various audit reports under the Income-tax Act, 1961 for Assessment Year 2025-26. The original...