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KARNATAKA TAXPAYER ACCOUNTABILITY
Karnataka CM’s guarantee scheme figures don’t add up, alleges BJP’s R AshokaBJP leader R Ashoka has demanded a white paper on Karnataka's guarantee schemes. He alleges that Chief Minister D K Shivakumar presented co...
Rs 1.33 crore cash deposit, no ITR filing, yet senior citizen wins income tax case; ITAT Bangalore explains whyRetired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as ta...
States should mine more, not tax more: The fiscal lesson from OdishaNew legislation will remove state powers to levy taxes on minerals. This change is expected to encourage investment and increase mineral pr...
ITR-3 release date: Who should file this income tax return form as I-T Department enables online filing, Excel utilities for itThe Income Tax Department has launched online filing and Excel utility for Income Tax Return-3 for Assessment Year 2026-27. This form is fo...
Adityanath calls for trader-friendly tax system, better services for honest taxpayersUttar Pradesh Chief Minister Yogi Adityanath has instructed the state tax department to boost revenue collection. He emphasised providing f...
Man pays zero tax on Rs 5 crore land sales despite filing ITR after deadline; ITAT Mumbai rules in his favour for this reasonA Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled...
Karnataka plans relief from annual professional tax return filingBengaluru Chief Minister Siddaramaiah announced a significant relief for professional tax payers. The state government will exempt individu...
Tax audit deadline not extended for these taxpayers; Karnataka CA body highlights anomalies in CBDT's due date extension circularThe CBDT extended tax audit and ITR filing deadlines to November 10 and December 10, 2025, respectively. However, taxpayers with internatio...
CBDT asked to extend ITR filing deadline to October 31, 2025 for tax audit cases by Gujarat High CourtFollowing directives from the Rajasthan and Karnataka High Courts, the CBDT extended the tax audit report deadline to October 31, 2025. Sub...
Income tax audit due date extension: Rajasthan High Court orders CBDT to extend tax audit report deadline to October 31, 2025; Karnataka HC extends due dateTax audit due date extension latest news: Hearing the writ petitions filed by the Bhilwara and Jodhpur tax bar associations, the Rajasthan ...
GST enforcement should be balanced with sensitivity: SBI Research amid K'taka UPI-GST rowSBI Research cautions that aggressive GST enforcement based on UPI transactions could push small businesses back into the informal economy,...
Five states account for nearly 50% of active GST taxpayers; UP leads: SBI ReportAn SBI Research report reveals that Uttar Pradesh, Maharashtra, Gujarat, Tamil Nadu, and Karnataka account for nearly 50% of India's active...
Karnataka, TN among top 5 states in direct tax collectionsKarnataka and Tamil Nadu rank second and fourth among top states contributing to 70% of India's direct tax collections, with Maharashtra le...
Will the government extend the October 7 tax audit, TDS payment deadlines due to glitches on the e-filing ITR portal?Tax audit deadline: The tax portal was facing glitches as of October 7, 2024. Karnataka State Chartered Accountants Association (KSCAA) sai...
Last date for income tax audit report: Deadline for tax audit report extendedIncome tax audit last date: The tax audit deadline has been extended by CBDT. "Decided to extend the specified date for filing of various r...
Some taxpayers to get notices soon for not filing ITRs, says CBDT Chairman Nitin GuptaThe income tax department will send notices to individuals who have not filed tax returns despite tax deduction at source. The department i...
Income tax demands of Rs 3.57 lakh crore settled in a year, says finance ministryA dedicated demand management facilitation centre in Mysuru helped resolve cases. The call centre, set up in Mysuru, helped the department ...
35L refund cases 'held up' for various reasons; I-T dept call centre working to resolve: CBDT chairpersonAround 3.5 million refund cases are currently held up by the Income-Tax Department due to mismatched bank accounts. The department is reach...
Hypothetical income cannot be taxable: Karnataka High CourtKarnataka government charges “wheeling charges” which are kind of revenue for the electricity it supplies to other state governments. The t...
GST: CBIC extends GSTR-9 and GSTR-9C filing dates to February 5 and 7The new due dates for Chandigarh, Delhi, Gujarat, Haryana, Jammu and Kashmir, Ladakh, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, and Utt...