The Central Board of Direct Taxes (CBDT) on October 29 announced an extension of deadlines for filing income tax returns ...

Tax experts pointed out that the press release appears to have missed granting relief to taxpayers covered under transfer pricing (TP) provisions ...

If the Income Tax Return (ITR) is not filed within the due date, a person may have to pay a late fee up to ₹5,000 and also interest on unpaid tax. More importantly, business losses or the capital ...

The extension applies to assessees covered under clause (a) of Explanation 2 to sub-section (1) of Section 139 of the Income-tax Act, 1961 — a category that typically includes companies, firms, and ...

The Gujarat High Court has asked the Central Board of Direct Taxes (CBDT) to explain why it did not extend the due date for ...

ITAT Jaipur held that denial to allow the business loss stating the requirement of books of accounts to be audited is not justifiable since turnover during relevant period didn’t exceed the prescribed ...

For individual taxpayers and Hindu Undivided Families, the ITR filing deadline was extended earlier, first from July 31 to ...

Tax audit requirements for AY 2025-26, as explained by Chartered Accountant Abhishek Soni, co-founder of Tax2Win in an ET report, fall under Section 44AB and apply to:- Businesses with turnover above ...

In a major relief for taxpayers and tax professionals, the Central Board of Direct Taxes (CBDT) on Thursday extended the deadline for filing of audit reports for the financial year 2024-25 (AY 2025-26 ...

The Central Board of Direct Taxes (CBDT) has extended the due date of furnishing of the Return of Income and tax audit ...

The CBDT has empowered the Income Tax Commissioner at Bengaluru's CPC to directly rectify assessment order mistakes under ...

In its statement issued on Wednesday, the CBDT said the due date for furnishing the Return of Income under sub-section (1) of ...