Income Tax News
CBDT Issues Digital Evidence Manual: Tax Officials to Trace Offshore Servers, AI Data
27 September 2025 at 09:06CBDT’s new digital evidence manual empowers tax officials to use Companies Act provisions to access offshore data. Firms must keep daily backups in India, disclose overseas custodians and comply with stricter digital evidence rules.
CAG and CBDT Sign MoU to Enhance Training, Research and Data-Driven Audits
26 September 2025 at 09:00The CAG and CBDT have signed an MoU to collaborate on training, research, and AI-driven audits, focusing on capacity building, GST audits, and governance reforms.
CBDT Extends Tax Audit Report Filing Due Date for AY 2025-26 to 31st October 2025
25 September 2025 at 16:09CBDT has extended the due date for filing Tax Audit Reports for Assessment Year 2025-26 from September 30 to October 31, 2025, providing relief to taxpayers and professionals.
IT Department Opposes Actor Vijay's Rs 1.5 Crore Penalty Challenge in Supreme Court
25 September 2025 at 09:16The Income Tax Department opposed actor C. Joseph Vijay’s writ petition challenging a Rs 1.5 crore penalty for not voluntarily disclosing an additional Rs 15 crore income during FY 2015-16.
Supreme Court Upholds Rs 8.59 Crore Service Tax Demand on Airports Authority of India
25 September 2025 at 09:06The Supreme Court has upheld a Rs 8.59 crore service tax demand on the Airports Authority of India for fees collected from airlines, exporters, and cargo operators between 2003 and 2007, rejecting AAI’s appeal against the CESTAT ruling.
Rajasthan HC Extends Tax Audit Report Deadline to 31st October, CBDT Notification Still Awaited
24 September 2025 at 14:24The Rajasthan High Court has extended the Tax Audit Report deadline by one month, but taxpayers and professionals now await CBDT's official notification for nationwide clarity.
ICAI, Direct Tax Committee Highlights Technical Glitches in Income Tax Portal Ahead of Tax Audit Deadline
24 September 2025 at 09:26ICAI flags technical glitches in the Income Tax E-filing Portal ahead of the September 30, 2025 deadline, urging CBDT to address login failures, slow utilities and DSC issues impacting tax audit and ITR filings.
CBDT Waives Interest for Taxpayers Affected by Incorrect 87A Rebate under Section 115BAC
23 September 2025 at 08:53CBDT issues Circular 13/2025 granting relief to taxpayers affected by rectifications . Interest under section 220(2) waived if demands are paid by December 31, 2025. Key details on rebate correction under section 87A explained
Supreme Court Justice Criticizes Tax and Legal Mindset, Calls for Bold Reforms
23 September 2025 at 08:52Supreme Court Justice Manmohan warns that India must reimagine outdated tax and legal systems to achieve its 2047 developed nation goal, stressing mindset change, simpler laws and modern reforms.
ITR-5 and ITR-7 Now Enabled for Online Filing for AY 2025-26, Offline Utility Available for ITR-7
22 September 2025 at 08:39The Income Tax Department has enabled ITR-5 and ITR-7 for online filing with prefilled data for AY 2025-26. The offline utility for ITR-7 is also available for download to simplify tax compliance.
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