7 ways income tax filing will be impacted after Budget 2026Budget 2026 introduces significant changes to income tax filing from April 1, 2026. Revised ITR forms will simplify compliance. The deadlin...
01 Feb, 2026, 03.38 PM IST
ITR filing deadline: What is the last date for filing returns for taxpayers not requiring an audit?ITR deadline for non-audit taxpayers: The process of filing ITR for FY 2024-2025 has become more complex due to changes in the capital gain...
04 Aug, 2025, 03.28 PM IST
Income tax audit forms are now enabled for business and professional income on ITR e-filing portal, check 5 prominent changes in form 3CA-3CD and 3CB-3CDThe Income Tax Department has enabled Income Tax Audit via Forms 3CA-3CD and 3CB-3CD on the e-Filing ITR portal. These changes are effectiv...
18 Jul, 2025, 05.36 PM IST
What is the deadline to file a revised income tax audit report? When can you submit a revised tax audit report?Revised tax audit deadline: You have to file an tax audit report on or before October 7, 2024. "For the current assessment year of 2024-25,...
12 Oct, 2024, 11.57 AM IST
GST Council adopts GoM report on setting up tribunals with modificationsThe panel has suggested that the tribunals should consist of two judicial members, and one technical member each from the Centre and states...
20 Feb, 2023, 12.51 PM IST
Why ease of compliance is still missing from cross-border trade and how Budget 2022 can address itTrade needs to use tech extensively to control various documentations related to cross-border trade, which will help comply with the provis...
15 Jan, 2022, 07.23 PM IST
How audit trail can lead to increased compliance and transparencyThe purpose to go behind the audit trail is to facilitate employer compliance along with enhancing the enforcement of the law to bring more...
19 Jun, 2021, 10.43 AM IST
Industry bodies urge RBI to put off new audit rulesConfederation of Indian Industries (CII), Assocham, and Finance Industry Development Council (FIDC) have all written to the central bank ab...
02 Jun, 2021, 06.25 PM IST
I-T department proposes to seek more details on foreign donations from trustsThis is the first time in over 45 years that the audit report for trusts/institutions are proposed to be amended.
21 May, 2019, 09.16 PM IST
How new LTCG tax with STT violates three basic principles of taxationThe problem with the proposals is that they incrementally modify what is there. They will come up for revisions and modifications as argume...
12 Feb, 2018, 05.54 PM IST
Single GST form likely for service providersThe GST Council is expected to consider on January 18 significant relaxation in the law and procedures, including a centralised registratio...
16 Jan, 2018, 07.31 AM IST
CAG wants provision in GST law to seek any info for auditThe GST Council had in its meeting last month decided to keep out a provision from the Draft Model GST Law giving CAG powers to call for an...
17 Jan, 2017, 05.24 PM IST
Nasscom bats for easier startup regulationsNasscom has made a strong pitch for an easier set of rules for startups seeking simpler norms for registration, taxation and exit.
10 Nov, 2015, 12.23 PM IST
Government notifies new accounting standards for computing business incomeThe government today notified new accounting standards for computation of business income, which will ensure consistency and help minimise ...
01 Apr, 2015, 10.57 PM IST
CAG pulls up CAs for incorrect income tax informationThe report also said that CAs failed to give correct information relating to allowance of depreciation in 66 cases involving short levy of ...
22 Dec, 2014, 04.56 PM IST
CAG pulls up CAs for incorrect income tax informationA CAG report said their failure to submit correct tax information resulted in levying of lower taxes by as much as Rs 2,813.11 crore in 367...
19 Dec, 2014, 06.11 PM IST
- Govt initiates moves to achieve 8% growth
The government has initiated several measures including setting up of Urban Reform Incentive Fund and Power Sector Development and Reform F...
24 Oct, 2002, 10.09 PM IST