Taxpayers

Money

Taxpayer ignored 4 income-tax notices and faced ₹1.55 crore additions: What Delhi ITAT ruled and why it matters

Delhi ITAT has given a taxpayer another chance to contest ₹1.55 crore in income additions after she failed to respond to four appellate notices. The tribunal said the CIT(A) cannot dismiss an appeal without examining the issues on merits and passing a reasoned order.

3 min read5 Oct 2026
Economy

GST arrest powers may be removed? Council to discuss decriminalisation on Wednesday; law change likely in Winter Session

GST enforcement could see a major shift as the Centre and states weigh changes to arrest powers under the indirect tax regime. The proposal comes amid concerns over how these provisions have been used against businesses. Here’s what could change and what it means.

2 min read4 Oct 2026
News

GSTAT opens online route to club identical GST disputes

Taxpayers with multiple GSTINs linked to the same PAN can select appeals involving an identical question of law pending before different benches and file a single transfer application.

3 min read3 Oct 2026
Money

Tax audit deadline extended to October 21: Should you file now or wait? What taxpayers need to know

The income tax department has extended the tax audit deadline to October 21, giving taxpayers more time to review their tax audit reports and ITRs. Experts advise those who are ready to file not to delay, while using the additional window to reconcile key tax details and fix discrepancies.

3 min read29 Sep 2026
News

CBDT extends ITR deadline for taxpayers with audited accounts to 21 November

The deadline has been extended to 21 November from 31 October, while the deadline for submitting the audit report has been extended to 21 October from 30 September, the ministry of finance said in a statement on Monday.

2 min read28 Sep 2026
Money

ITR deadlines extended: CBDT sets new dates for income tax return, audit report for eligible taxpayers

The CBDT has extended deadlines for certain taxpayers' audits for the assessment year 2026-27. Check new dates.

2 min read28 Sep 2026
Money

Tax audit due date remains Sept 30: No extension yet — Here's how much penalty you could face for late filing

The September 30 deadline for taxpayers to submit tax audit reports is approaching, with no extensions granted yet. Here's the penalty for late filing.

2 min read28 Sep 2026
Money

Expecting nil tax liability this year? Know which form to submit to avoid TDS on bank interest, rent and dividend income

Taxpayers with nil estimated tax liability can avoid TDS on certain incomes by submitting a declaration to the payer. Here’s who can submit Form 121, which incomes are covered, what details are required and what the payer must do after receiving it.

1 min read27 Sep 2026
Money

Tax audit deadline 30 September: 5 things taxpayers should do as professionals seek more time

The tax audit deadline for AY 2026-27 is 30 September 2026, while professional bodies are seeking more time. Taxpayers should not wait for an extension and must complete reconciliations, verify records, review disclosures and ensure the tax audit report is approved on time.

3 min read26 Sep 2026
Money

Tax audit report filed for AY 2026-27? Check these errors before 30 September and know when revision is allowed

Filed your tax audit report for AY 2026-27? It may still need a closer look before the 30 September deadline. From reporting details to disclosure requirements, here are the key errors taxpayers should check and what experts say about correcting them.

3 min read24 Sep 2026