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The Gujarat High Court, the apex judicial authority in the state, directed the CBDT to extend the ITR filing deadline for audit cases to November 30, in order to comply with the provisions of the Income Tax Act, which mandate a one-month gap between the filing of the audit report and the ITR. CBDT must […]
The Gujarat High Court, in an order, has cited that the specified date for providing a tax audit report u/s 44AB of the Income Tax Act, 1961, and the “due date” for filing the income return u/s 139(1) are pertinent to each other and should be treated together. To extend the audit report due date, […]
The Central Board of Direct Taxes (CBDT) has announced an extension for the submission of various audit reports required under the IT Act, 1961, for the Assessment Year 2025-26. The new deadline for filing tax audit reports has been moved from the previous date of September 30, 2025, to October 31, 2025. In response to […]
On September 19, 2025, the Central Board of Direct Taxes (CBDT) released Circular No. 13/2025, offering assistance to taxpayers facing issues due to changes made in their income tax returns. This circular aims to help those who may be struggling with extra demands or complications resulting from these adjustments. U/s 115BAC(1A) of the Income-tax Act, […]
The Institute of Chartered Accountants of India (ICAI), emphasising taxpayers’ problems in fulfilling income-tax compliance timelines for the AY 2025-26, has written to the Central Board of Direct Taxes (CBDT). ICAI, in its representation, has requested equality in deadlines for the return filing and mentioned the dates under section 44AB, including the auto-renewal of registration […]
Tax experts are facing issues due to the delay in the release of income tax utilities this year. Pressure is rising from the persistent portal issues, in which from frequent session timeouts to mismatches between the Annual Information Statement (AIS) and Form 26AS. Compliance will be streamlined if, in every tax season, there is a […]
The Chandigarh Chartered Accountants Taxation Association (CCATAX) has reached out to the Central Board of Direct Taxes (CBDT) to request an extension on the deadline for filing income tax returns and completing tax audits for the financial year 2025-26. Data mismatches between AIS and Form 26AS, server crashes, session timeouts, etc, are the problems that […]
The CBDT has released a notification No. 133/2025/F. No. 370142/27/2025-TPL that brings important updates to the Income Tax Rules set in 1962. This update is part of the Income Tax (Twenty Second Amendment) Rules, 2025, and it aims to improve how income tax regulations work. A recent update has introduced two new rules, Rule 3C […]
The Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes (CBIC), in between the preparations for the new Income Tax legislation and other reforms in indirect tax administration, face significant staff shortages. The CBDT has a vacancy rate of roughly 34 per cent, while the CBIC has a 39 per cent […]
