The Allahabad High Court ruled that taxpayers cannot be denied refunds merely due to mismatches in Form 26AS if valid proof of TDS, such as Form 16A, is provided. The Court emphasized that the Income Tax Department must verify discrepancies with the deductor and not penalize honest taxpayers for deductor errors.
The Bombay Chartered Accountant Society (BCAS) has urged the Finance Minister to extend the GSTR-3B filing deadline for September 2025, as the current due date of October 20 coincides with the Diwali festival period.
RBI updates gold loan rules! Know who can and cannot get loans - eligibility, limits, repayment rules, LTV ratios and deadlines.
High Court on PPF: Rs 6.87 lakh interest must be returned; court cites violation of Public Provident Fund rules
Stay stress-free for September 2025 GSTR-3B. Auto-filled ITC, GSTR-2B generation and new credit note rules explained.
Cash transactions over Rs 20,000 for loans, deposits or specified sums may add 100% penalties to you - Use bank transfers or cheques for compliance.
Tax audit due date extended to October 31, 2025 which means ITR filing deadline for audited taxpayers to be 30 November 2025.
Latest GST updates for October 2025 - manual ITC claims, credit note rules and mandatory GSTR 2B before GSTR 3B filing.
CBDT issues circular waiving interest on tax demands. Pay before 31st December 2025, to get this relief.
The Karnataka High Court has directed CBDT to extend the tax audit due date from 30 Sept to 31 Oct 2025. With similar orders from other High Courts, taxpayers await CBDT's official notification to avoid penalties.
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