Income Tax : The article argues that recurring demands for ITR deadline extensions arise from delayed AIS updates, late utility releases, and t...
Income Tax : Large cash deposits, credit card spending, FDs, and UPI transactions are monitored by tax authorities. Taxpayers must ensure their...
Income Tax : Resident and Ordinarily Resident taxpayers holding foreign assets or earning foreign income must disclose details in Schedule FA. ...
Income Tax : Family members actively working in a business without proper remuneration or tax reporting may create inconsistencies in ITRs, AIS...
Income Tax : AY 2026-27 requires structured reporting of long-term and short-term gains from shares and mutual funds. Particular attention is n...
CA, CS, CMA : Chandigarh Chartered Accountants Taxation Association has requested CBDT to immediately release pending ITR e-filing utilities for...
Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...
CA, CS, CMA : The Court found CBDT failed to follow its 2015 directive on timely ITR utility release. It ordered an affidavit with corrective st...
CA, CS, CMA : KSCAA urged CBDT to extend due dates for assessees under Section 92E, citing an omission in Circular No. 15/2025 that created inco...
Income Tax : Gujarat HC has directed CBDT to ensure that there is a mandatory one-month gap between date for furnishing tax audit reports (unde...
Income Tax : The Court emphasized that procedural defaults should not override substantive tax benefits where genuine hardship exists. It direc...
Income Tax : The Tribunal accepted that the taxpayer was pursuing rectification remedies and therefore condoned the delay in filing the appeal....
Corporate Law : The Calcutta High Court held that Income Tax Returns filed prior to the victim’s death could not be viewed with suspicion while ...
Service Tax : CESTAT Allahabad held that service tax demand raised merely on differences between ST-3 returns and Income Tax Returns without pro...
Income Tax : The case addresses the continued failure to release ITR utilities on time despite earlier court directions. The Court adjourned th...
Income Tax : CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and ...
Income Tax : The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoo...
Income Tax : CBDT corrected multiple clerical and structural errors across income tax return schedules. The changes ensure accurate reporting a...
Income Tax : The corrigendum fixes an incorrect aggregation formula in Schedule CG and wrong cross-references in Schedule UD. It ensures accura...
Income Tax : The corrigendum addresses formatting and reference errors in Schedule CG and Schedule OS. It clarifies reporting fields without al...
CESTAT Allahabad held that service tax demand raised merely on differences between ST-3 returns and Income Tax Returns without proper examination of records was unsustainable in law.
The article explains all ITR forms applicable for AY 2026-27 and highlights key changes in capital gains, buyback taxation, and foreign asset reporting. It emphasizes selecting the correct form to avoid defective return consequences under Section 139(9).
The Income Tax Department has enabled ITR-1 and ITR-4 filing utilities for AY 2026-27. Taxpayers are advised to verify AIS, TDS, and Form 26AS details before filing returns.
Chandigarh Chartered Accountants Taxation Association has requested CBDT to immediately release pending ITR e-filing utilities for AY 2026-27. The representation warns that delays in audit and statutory forms may cause compliance failures, portal congestion, and taxpayer penalties.
KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities are affecting return filing preparedness. The representation highlighted risks of penalties, system congestion and compliance pressure.
Article explains important Income Tax Return (ITR) filing due dates for Financial Year 2025-26 relevant to different categories of taxpayers, including salaried individuals, freelancers, businesses, audit cases and entities requiring transfer pricing reports
Avoid common AY 2026-27 ITR filing errors, including deadline confusion, capital gains mistakes, AIS mismatches, and missed e-verification.
The case addresses the continued failure to release ITR utilities on time despite earlier court directions. The Court adjourned the matter after CBDT failed to file a required affidavit, highlighting ongoing compliance gaps.
The case examined if income details could be disclosed under RTI during a matrimonial dispute. The Court ruled that such disclosure violates privacy and is not justified without public interest.
ITR-4 Sugam: End of Blind Presumptive Compliance?” The Central Board of Direct Taxes (CBDT) has introduced a significant compliance change in the newly released ITR-4 (Sugam) for Financial Year 2025-26. The amendment potentially marks a major compliance shift under the presumptive taxation scheme.” Taxpayers opting for the presumptive taxation scheme under Sections 44AD, 44ADA and […]
