The extended deadline for filing income tax returns (ITRs) for the assessment year 2025-26 (AY26) closed on September 16.

Following directives from the Rajasthan and Karnataka High Courts, the CBDT extended the tax audit report deadline to October ...

A summary of how the CBDT's decision to extend the Tax Audit Report due date without extending the ITR date has eliminated the traditional one-month gap, causing compliance ...

CBDT's Circular 14/2025 extended the audit report date for AY 2025-26 to October 31, 2025. This move contradicts the IT Act's design, which links the audit date to the return filing deadline, causing ...

With over 7.3 crore ITRs filed in 2025, taxpayers who paid excess tax are awaiting refunds, typically processed within 4-5 ...

The government has made the new tax regime the default option for taxpayers filing after the deadline. While it offers lower ...

Banks must deduct Tax Deducted at Source (TDS) if a senior citizen earns more than Rs 1 lakh in FD interest in a financial year. It’s important to know that TDS is not an extra tax—it’s just an ...