As startup founders and industry stalwarts continue to protest over angel tax notices sent by the Income Tax (I-T) department, the Central Board of Direct Taxes (CBDT) has finally issued a delay ...

The Income Tax Audit report filing due date has been extended to October 31, 2025 for specified taxpayers. The income tax return (ITR) filing deadline for those who are required to conduct an income ...

The ITAT held that leave encashment of ₹7.65 lakh was fully exempt as it fell within the revised ₹25 lakh ceiling under Notification No. 31/2023. The disallowance made by the lower authorities was ...

The extension applies to assessees covered under clause (a) of Explanation 2 to sub-section (1) of Section 139 of the ...

The Central Board of Direct Taxes (CBDT) on Tuesday (March 5) said that startups which received assessment notices under Section 56 (2) (viib) of the Income Tax Act (I-T Act) will be exempt from Angel ...

In a move set to ease taxpayer grievances and streamline refund corrections, the Central Board of Direct Taxes (CBDT) has authorised the Commissioner of Income Tax (CPC), Bengaluru, to directly ...

The Central Board of Direct Taxes (CBDT) has set 31 December 2025 as the final deadline for Indian taxpayers to link their Aadhaar number with their Permanent Account Number (PAN). This initiative ...

A notification issued under Section 119 of the Income-tax Act has officially moved the deadline for assessees referenced in clause (a) of Explanation 2 to sub-section (1) of Section 139 to November 15 ...

The government has urged stakeholders to study the Income-tax Act, 2025, and make suggestions, which will be compiled and considered for review before final notification. The Income-tax Act, 2025, ...