The Central Board of Direct Taxes (CBDT) has expanded its SAKSHAM NUDGE initiative to include tax professionals, sending SMS and email reminders to about 12,000 practitioners to file pending tax audit reports…
Taxpayers can now seek a waiver of penalty for income misreporting using the revised Form 161, notified by the Central Board of Direct Taxes (CBDT). The form, applicable from October 8, 2026,…
The Central Board of Direct Taxes (CBDT) on 8 October introduced a revised Form 161, allowing eligible taxpayers, including individuals, to apply for waiver of penalty imposed for misreporting of income or…
The Central Board of Direct Taxes (CBDT) has simplified tax deducted at source (TDS) rules for resident individuals and Hindu undivided families (HUFs) buying immovable property from non-residents, effective October 1, 2026.…
A bank deducting tax at source (TDS) on interest income does not automatically exempt a senior citizen from filing an Income Tax Return (ITR). The obligation to pay tax and the obligation…
The Central Board of Direct Taxes (CBDT) on 28 September extended the ITR filing deadline for tax audit cases, giving eligible taxpayers until 21 November 2026 to file returns for assessment year…
The Central Board of Direct Taxes (CBDT) has extended the tax audit report deadline for Assessment Year 2026-27 from 30 September 2026 to 21 October 2026, Times Now reports. The income tax…
The Kolkata Income Tax Appellate Tribunal has ruled that inherited jewellery found during a search does not automatically count as unexplained wealth of the person in possession, provided other evidence exists to…
The Central Board of Direct Taxes (CBDT) has introduced a new reporting framework for resident individuals and HUFs buying immovable property from non-residents. The changes, notified on 22 September under the Income-tax…
Taxpayers who have already filed their tax audit report for assessment year (AY) 2026-27 should check for errors before the 30 September deadline, Livemint reports. Common mistakes include incorrect UDIN and digital…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.