The Rajasthan High Court ordered the CBDT to extend the Tax Audit Report (TAR) due date to October 31, 2025, citing widespread technical glitches on the e-filing portal and a substantial filing shortfall.
The Gujarat High Court is hearing a petition from the Chartered Accountants Association regarding persistent glitches on the new Income Tax Portal. The petition alleges that the portal’s technical failures, delayed release of forms, and numerous validations have caused significant hardship to taxpayers and professionals, leading to a truncated compliance window and potential penalties.
In a significant move offering relief to taxpayers, the Hon’ble Rajasthan High Court has extended the due date for filing Tax Audit Reports from September 30 to October 31. The case was represented before the court by Senior Advocate Vikas Balia and Advocate Prateek Gattani. Understanding the Extension and CBDT’s Actions This extension comes amid […]
Learn about India’s optional tax regime under Section 115BAC, which offers lower tax rates in exchange for giving up various exemptions and deductions.
The Pune Chartered Accountants’ Society has requested an extension for tax audit and ITR filing deadlines for FY 2024-25, citing technical glitches and festive season disruptions.
Tribunal held that different floors of the same residential property cannot be treated as separate houses. Jyoti Jain’s exemption under Section 54F was allowed, clarifying the scope of ‘residential house’ for capital gains exemption.
ICAI’s Direct Taxes Committee has highlighted major issues in the Income-tax Portal, from login failures to tax audit report errors, and urged CBDT to resolve them urgently before compliance deadlines.
A detailed guide to audit obligations under Section 44AB and presumptive taxation schemes under Sections 44AD and 44ADA. Explains turnover limits, digital transaction benefits, lock-in rules, and when tax audit becomes compulsory
The government has made re-stickering of products with revised MRPs optional following GST rate cuts, prioritizing transparent billing over physical changes.
Despite India’s tech ambitions, the Income Tax Department’s portal struggles with stability, hindering tax compliance and frustrating citizens.
