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ITR

Latest Articles


Missed ITR Filing Deadline: Implications and Next Steps

Income Tax : Missed the ITR filing deadline? Learn the penalties, interest charges, and restrictions. Understand the consequences and how to fi...

August 3, 2024 5913 Views 0 comment Print

ITR Filing 2024: Why Taxpayers Demand July 31 Deadline Extension?

Income Tax : Discover why taxpayers are urging for an extension of July 31 ITR filing deadline in 2024. Learn about ITR forms, filing steps, co...

July 23, 2024 5322 Views 0 comment Print

Who Should File ITR even when Income is Below Tax Exemption Limit?

Income Tax : Discover who must file an ITR even with income below the exemption limit. Understand key scenarios and benefits to stay compliant ...

July 15, 2024 2406 Views 0 comment Print

Suggestions for Hassle-Free ITR filing

Income Tax : Discover hassle-free tips for filing your Income Tax Return (ITR) before the July 31, 2024 deadline. Learn about necessary documen...

July 12, 2024 1242 Views 0 comment Print

Benefits of filing the Return of Income

Income Tax : Discover the benefits of filing Income Tax Returns (ITR), including compliance with tax laws, improving credit score, visa applica...

July 12, 2024 1077 Views 0 comment Print


Latest News


FAQs on PFA & Defective for ITR 1 to 6 for AY 24-25

Income Tax : Understand PFA and defective return queries for ITR 1-6 for AY 24-25, including MAT applicability, TDS/TCS claims, and income disc...

August 10, 2024 3033 Views 0 comment Print

Record 7.28 crore ITRs filed for AY 2024-25 till 31st July, 2024

Corporate Law : A record 7.28 crore ITRs filed for AY 2024-25, with 5.27 crore in the New Tax Regime. Over 69.92 lakh ITRs were filed on 31st July...

August 2, 2024 582 Views 0 comment Print

Budget 2024 amends penalty for Undisclosed Foreign Income & Assets in ITR

Income Tax : New amendments to the Black Money Act from October 2024 raise the exemption threshold for penalties on foreign assets to ₹20 lak...

July 25, 2024 651 Views 0 comment Print

ICAI raises Concerns in relation to Form 26AS/TIS/AIS and in e-filing ITR Forms

Income Tax : ICAI addresses issues with Form 26AS/TIS/AIS and ITR filing glitches, urging CBDT for timely resolution to aid taxpayers in meetin...

July 13, 2024 14682 Views 7 comments Print

File ITR-4 (Sugam) Online for AY 2024-25 FAQs

Income Tax : Discover comprehensive FAQs on filing ITR-4 (Sugam) for AY 2024-25. Learn eligibility criteria, tax regime options, documents need...

July 8, 2024 1494 Views 0 comment Print


Latest Judiciary


TCS not applicable on liquor vendors who bought vending rights on auction: Supreme Court

Income Tax : Supreme Court held that Section 206C of the Income Tax Act is not applicable in respect of Mysore Sales and that the liquor vendor...

July 26, 2024 240 Views 0 comment Print

Set off of loss on sale of recognised shares against LTCG from sale of unlisted shares allowable: ITAT Kolkata

Income Tax : ITAT Kolkata held that loss on sale of shares on recognized stock exchange with STT paid, is eligible to be set off against the lo...

July 24, 2024 312 Views 0 comment Print

Section 153A: No Additions Without Incriminating Material for Completed Assessments

Income Tax : Delhi High Court dismisses Income Tax Department's appeal in PCIT Vs Satya Prakash Gupta case, finding no evidence of commission r...

July 16, 2024 351 Views 0 comment Print

Delhi HC Denies Tax Exemption to Trust Charging Capitation Fee

Income Tax : Explore the Delhi High Court's judgment on ITSC's conclusive nature for AY, assessing reassessment under Section 148 of the Income...

July 9, 2024 210 Views 0 comment Print

HC Orders Maintenance for Minor Son Despite Father’s Unemployment Claim

Corporate Law : The Punjab & Haryana High Court orders a father to pay maintenance for his minor son despite his claim of unemployment, considerin...

July 4, 2024 429 Views 0 comment Print


Latest Notifications


Functionality for Verification of High Risk Refund Cases for TDS charge officers

Income Tax : Discover how TDS charge officers verify high-risk refund cases using Insight Instruction No. 76. Learn about the SOP, steps, and f...

April 2, 2024 696 Views 0 comment Print

Time limit for verification of return of income after uploading

Income Tax : Understand the time limit for income tax return verification after uploading. Learn the implications of late verification and the ...

March 31, 2024 10302 Views 0 comment Print

Changes in ITR form V and Acknowledgement for A.Y 2024 25

Income Tax : Explore amendments in ITR form V & Acknowledgement for A.Y 2024-25 as per Income Tax Act, 1961 & Rules, 1962. Understand filing pr...

March 27, 2024 17166 Views 0 comment Print

Instructions to AO’s for initiating section 147 proceedings in I.T. e-Verification cases

Income Tax : Learn how to initiate proceedings under section 147 of the IT Act in e-Verification cases. Detailed instructions for Assessing Off...

March 19, 2024 8745 Views 0 comment Print

CBDT notifies ITR-7 under section 139 of Income tax Act 1961 for AY 2024-25

Income Tax : CBDT notifies ITR-7 [For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 13...

March 1, 2024 4275 Views 0 comment Print


Writ in Karnataka HC for Extension of TAR/ITR Due Date

September 23, 2015 13129 Views 0 comment Print

Karnataka State Chartered Accountant Society (KSCAA) & Sri.Raveendra S.Kore vs Union of India & CBDT (Karnataka High Court ), Writ Petition (WP) 41109/2015, 41110/2015. Updated on 28.09.2015- Hon’ble Karnataka high court directed CBDT to consider the representation of KSCAA by 29.09.2015. –

ICAI Meeting with FM: No Concrete Decision on TAR/ITR Date Extension

September 23, 2015 13593 Views 0 comment Print

During Meetinf of ICAI president with FM, Hon’ble Finance Minister has assured to look into the matter. However, in the absence of any concrete decisions so far, the esteemed members of the profession are advised to put in their best efforts to comply with the prescribed due date i.e. 30th September, 2015.

Writ in Gujarat High Court for extension of ITR/TAR Due Date

September 23, 2015 23085 Views 0 comment Print

All Gujarat Federation of Tax Consultants vs. CBDT (Gujarat High Court), Special Civil Application No. 15075 Of 2015, Dated-15.09.2015. Update on 30.09.2015- Click here to Download Copy of Gujarat High Court Judgment – Update on 29.09.2015- Gujarat High Court directs CBDT to extend the due date for Filing of ITR to 31st October 2015. Also Read- Guajrat HC also Directs CBDT to extend due date to 31st October 2015

TAR/ITR Due Date – Writ in Punjab & Haryana High Court

September 23, 2015 20120 Views 0 comment Print

Vishal Garg & Ors. Vs. Union of India & Anr. (Punjab & Haryana High Court), CWP- 19770 -2015, Dated- 15.09.2015 High Court Directed CBDT to Extend due date of ITR from existing 30.09.2015 to 31st October 2015. Court also provided future guidelines for issuing forms. Check Link- Tar Audit/ ITR date extended to 31st October 2015

Extension of TAR/ITR Due Date- Writ in Rajasthan HC by CA Devendra Somani

September 23, 2015 4829 Views 0 comment Print

CBDT extends date only in Punjab, Haryana, UT of Chandigarh and Gujarat Update on 29.09.2015 – Case is been dismissed by High Court following the judgment of same court in the case of Rajasthan Tax Consultants Association & Anr Vs. UOI.  Update on 28.09.2015- As writ in the case of Rajasthan Tax Consultants Association & Anr […]

Writ in Rajasthan HC by RTCA for Extension of TAR/ITR Due Date

September 23, 2015 13262 Views 0 comment Print

Rajasthan Tax Consultants Association & Anr Vs. Union Of India & Anr (Rajasthan High Court, Jodhpur) , CIVIL WRIT NO. 11037 of 2015 , Dated -22.09.2015 Writ is been dismissed by Jodhpur Bench of Hon’ble Rajasthan High Court following judgment of Delhi High Court.

Delhi HC instructs CBDT to release ITR on or before 1st April

September 23, 2015 4283 Views 0 comment Print

Avinash Gupta V/s Union of India and Ors (Delhi High Court) , W.P.(C) 9032/2015 As per information received from Appellant CA Avinash Gupta, While hearing the above case on the matter of extension of due date of Tax Audit Report and Income Tax Return Filing, Hon;ble High Court has interalia issued directions to CBDT To notify ITR Forms on or before 1st day of the assessment year and to record reason for delayed release of ITR if it fails to release ITR on time.

Demand for extension of Tax Audit Due Date: A Practical Permanent Solution

September 19, 2015 8629 Views 0 comment Print

Almost each year due to one and other reason tax consultants or tax payers demand extension of due date for filing Tax Audit Report under section 44AB of The Income Tax Act 1961 and Income Tax Return under section 139 of The Income Tax Act 1961.

Delhi HC dismisses ITR/TAR Due Date Extension Appeal

September 17, 2015 4861 Views 0 comment Print

In the case of Avinash Gupta and Ors V/s Union of India and Ors It was held by Delhi High Court that in this case it is pleaded that the petition is in the nature of public interest. However, the petition is not drafted as a Public Interest Litigation (PIL)

ICAI requests FM to extend Due date of ITR & Tax Audit Report

September 16, 2015 14860 Views 0 comment Print

ICAI President CA Manoj Fadnis suggested that The ‘specified date’ for the purpose of audit of accounts and furnishing report of such audit under section 44AB is the due date of filing return of income under section 139(1). Therefore, in the interest of the stakeholders and the Revenue, the said date for A.Y. 2015-16 for assessees mentioned Under clause (a) of Explanation 2 to section 139(1) be extended from 30th September, 2015 to atleast 31st October, 2015.

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