Income Tax News
AIMTPA Seeks Tax Audit & ITR Due Date Extension for AY 2026-27
17 September 2026 at 09:30AIMTPA seeks tax audit due date extension for AY 2026-27 from 30 Sep to 31 Oct and audit ITR deadline from 31 Oct to 30 Nov 2026.
MAT & AMT Under Income Tax Act 2025: Rates, Applicability and Credit Rules
14 September 2026 at 09:22Know the key MAT and AMT provisions under the Income Tax Act 2025, including tax rates, applicability, book-profit rules, credit mechanism and CA reporting requirements.
CBDT Notifies SFT Rules for Depository Transactions Under Income Tax Act 2025
12 September 2026 at 09:27CBDT has notified the format, procedure and guidelines for SFT reporting of depository transactions under the Income-tax Act, 2025, including deadlines, data requirements and correction rules.
CBDT Notifies SFT Reporting Rules for Mutual Fund Transactions by RTAs Under IT Act 2025
12 September 2026 at 09:21CBDT notifies SFT reporting rules for mutual fund transactions by RTAs under the Income-tax Act 2025, including half-yearly filing, FIFO and AIS reconciliation...
CAs Under Tax Audit Pressure as Sept 30 Deadline Approaches: No CBDT Extension Yet
12 September 2026 at 09:13Tax audit deadline for AY 2026-27 remains September 30. CAs face mounting workload pressure as associations seek an extension, while no CBDT extension has been announced yet.
ICAI Handbook on NRI Residential Status: Key Tax & FEMA Rules Explained
10 September 2026 at 09:30ICAI’s July 2026 Handbook explains NRI residential status under the Income-tax Act, 2025 and FEMA, including 182-day rules, NOR, deemed residency and DTAA.
Congress Leader Alleges CAs Aid Tax Evasion, Sparks Debate Among Tax Professionals
10 September 2026 at 09:27Congress leader Shaktisinh Gohil's remarks alleging Chartered Accountants' involvement in tax evasion have sparked widespread debate on social media, with professionals defending the CA community and calling for evidence-based accountability.
Income from Other Sources Under Income Tax Act 2025: Key Rules, Taxable Incomes and Deductions
08 September 2026 at 09:12Not every income earned by a taxpayer neatly falls under salary, house property, business or profession, or capital gains. The Income-tax Act, 2025 provides a separate residual category known as "Income from Other Sources" for such income.The Income
ESOP Taxation Under Income Tax Act 2025: Rules for Employees and Start-Up Workers
07 September 2026 at 09:00Learn how ESOPs are taxed under the Income Tax Act 2025, including FMV-based perquisite tax, capital gains on sale and tax deferment for eligible start-up employees.
Advance Ruling Under Income Tax Act 2025: Eligibility, Form 120, Fees and Procedure
05 September 2026 at 09:24Learn about advance ruling under Sections 380 to 389 of the Income-tax Act, 2025, including eligibility, Form 120, fees, filing process, withdrawal, applicability and appeals.
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