Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Amendments to the Income Tax Act, 2025 has been proposed under the Union Budget 2026, allowing the taxpayers to submit the updated ITRs even after the issuance of reassessment notices. At present, taxpayers u/s 263(6) of the Act to submit an updated return within 48 months from the end of the fiscal year succeeding the […]
The Delhi High Court has ruled that not knowing the tax laws in India is not a valid reason for allowing extra time to file your income tax return u/s 119(2)(b). This decision is based on a specific section of the Income Tax Act from 1961, which states that a genuine hardship must be proven […]
Chartered Accountancy is one of the most important professions in managing people and businesses. Choosing the right tax return filing software is essential, as tax laws are frequently revised and client expectations continue to rise. Effective tax filing software must streamline the process while remaining valuable over time as laws and technology evolve. This enables […]
The Delhi High Court has turned down a petition challenging a decision to deny a request for extra time to submit an updated Income Tax Return (ITR). The bench stated that the nine-month delay in filing the revised return was too huge and that the applicant did not deliver an adequate explanation to justify the […]
On October 29, the Central Board of Direct Taxes (CBDT) extended the last date for filing the ITRs and audit reports for the AY 2025-26, given the relief to the taxpayers and professionals. The amended due dates for filing the audit reports and ITR are November 10 and December 10, respectively. The taxpayers, before the […]
The Income Tax Department has rolled out new tools to enhance transparency and compliance in recent years. These include the Annual Information Statement (AIS) and the Taxpayer Information Summary (TIS). While they are useful for reducing mismatches between taxpayer disclosures and third-party data, they have their own issues. Taxpayers often face confusion from the mismatched […]
The deduction under Section 80P cannot be denied for belated ITR filing, the Nagpur bench of Income Tax Appellate Tribunal (ITAT) ruled and directed the AO to examine the claim and determine the tax liability. The taxpayer Somalwar Academy Education Societies Employees Co-op. Credit Society Mar submitted its income return for the assessment year under […]
In a relief to taxpayers, the Central Board of Direct Taxes (CBDT) has once again extended the last date to submit the Income Tax Return. The last date to submit ITR was extended by a day to 16 September, which implies that the ITR due date is today. CBDT, in a statement, has cited that […]
For both individuals and enterprises, filing Income tax returns is a yearly obligation. Even after having the digitalisation of the process, taxpayers are facing issues that can delay the submissions or cause intricacy. This trend will remain the same due to technical malfunctions on government portals and manual data entry errors. ITR Filing Issues On […]
