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TAX AUDIT REPORTS
CBDT nudges 12,000 tax professionals to file pending audit reportsCBDT has launched the SAKSHAM NUDGE campaign aimed at tax professionals to encourage timely filing of tax audit reports. The campaign targe...
ET Prime Special Series: Multibagger or IBC - Part 80: This auto ancillary has assets and cash to expand. Can it find demand?Eighty instalments into our weekly auto ancillary series, one thing is clear: The investment story of a component maker cannot always be un...
Stocks in news: HCL Tech, RBL Bank, Nazara Tech, Hero Motors, Power Grid and IRCONIndian stock markets struggled on Monday, as the Nifty 50 saw a considerable drop. The falls were attributed to increasing bond yields, con...
Horoscope Tomorrow, October 12, 2026: Financial Caution for Some Signs, New Connections for Others and Love Guidance for All On Navratri Day 2Horoscope tomorrow, October 12, 2026, highlights career decisions, financial discipline, relationship conversations and everyday health pri...
EY data breach puts spotlight on data security at Big Four as clients demand tighter controlsEY has reported a data breach that exposed sensitive client information and prompted regulatory notifications in multiple jurisdictions. Th...
A simple accounting trick used by companies to manipulate net profit and take investors for a rideA company may report profits for years, only to reveal later that some figures were wrong. Accounting rules require companies to correct mi...
Homebuyer paid Rs 23.23 lakh for a flat, refused another Rs 8 lakh until promised construction was complete, her allotment was cancelled; builder ordered to pay 23.83 lakhKangra consumer commission has held a builder's cancellation of a Greater Noida flat allotment void and ordered refund of Rs 23,23,712 to t...
ITR filing and Income tax audit deadline extended: check 5 critical things taxpayers must know
FAST-DS 2026: Have undisclosed overseas crypto assets? Know the ₹1 crore and ₹5 crore threshold rules before you discloseIf you're managing cryptocurrency on international exchanges without disclosing them in India, the Foreign Assets of Small Taxpayers – Disc...
Audit rotation boom puts Big Four under sharper scrutinyIndia’s audit rotation cycle is prompting companies to scrutinise prospective auditors far beyond credentials, examining team stability, se...
Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reasonWhen Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income Tax Return (ITR) declaring Rs...
Bonded warehouses may face 24-hour discrepancy reporting, five-year digital records under proposed customs overhaulThe government is considering tighter compliance rules for bonded warehouses, including a 24-hour deadline to electronically report shortag...
‘Cash flow statement can't lie’ is the most expensive assumption in the stock market. That number can be dressed up tooThe cash-flow statement is supposed to be honest, the place you see whether a company is really making money or merely reporting it. But a ...
IPO-bound Kuku turns profitable as FY26 revenue jumps sixfold to Rs 1,484 croreThe company reported revenue from operations of Rs 1,484.2 crore, up 514% from Rs 241.6 crore a year earlier, per its audited financial sta...
Ashok Leyland's best year in its history, and what the annual report says about holding on to itAshok Leyland sold more commercial vehicles in FY26 than in any year since it was founded, earned its highest-ever profit, and closed with ...
Tax audit deadline extended: Key checks taxpayers should make before filing income tax returnThe CBDT has announced an extension for tax audit and ITR filing deadlines for Assessment Year 2026-27. Taxpayers must now file their retur...
Medicine shop owner deposits Rs 2.47 crore cash in bank account, gets income tax notice for unexplained cash; wins case in ITAT Delhi for this reasonMr Kumar, a medicine shop owner had deposited Rs 2.47 crore cash in his bank account during demonetisation period, he got an unexplained ca...
Deadlines for income tax audit and ITR filing extended for AY 2026-2027 to these datesThe Central Government has extended the deadline for filing Income Tax Returns for the Assessment Year 2026-27. Taxpayers subject to audit ...
8 changes in income tax audit forms for AY 2026-2027; what taxpayers need to knowFor the assessment year 2026-2027, the deadline for income tax audits is set for September 30, 2026. Businesses utilizing presumptive taxat...
Tax Audit Report deadline: Who needs to upload it by September 30, 2026The deadline for uploading tax audit reports is set for September 30, 2026, specifically targeting certain taxpayers. Chartered accountants...