Exclusive: MCA plans to exempt firms up to Rs 1 crore turnover from statutory audit
The Ministry of Corporate Affairs (MCA) is likely to exempt companies with annual turnover of up to Rs 1 crore …
Income Tax
Supreme Court caps TDS on foreign remittances at 10%, says Income Tax Act cannot override DTAA
New Delhi: The Supreme Court on Tuesday clarified that tax deduction at source on remittances to non-resident entities cannot exceed …
New ITR Forms to Be Notified by January 2026
The Income Tax Department has announced that the new Income Tax Return (ITR) forms and rules will be notified by January …
Why Banks Deduct TDS on Cash Withdrawals – Know the Rules
Section 194N was introduced to discourage high-value cash transactions and promote a transparent, digital economy. This section mandates TDS on cash …
Now get faster tax refunds and easier ITR corrections: New CBDT rules explained
The Central Board of Direct Taxes (CBDT), issued a notification on October 27, 2025, empowering the Commissioner of Income Tax …
CBDT empowers CPC Bengaluru to expedite tax rectifications and refunds
Bengaluru, In a move that can improve the speed and accuracy of income-tax processing, the Central Board of Direct Taxes …
Extended Due Dates & Key Compliances for November 2025 – Complete Guide for GST, Income Tax & MCA
November 2025 is one of the busiest months for tax and compliance professionals.This month overlaps critical timelines for GST filings, Income Tax …
Tax dept used AI to issue income tax notice; Bombay High Court quashes notice, calls process unfair to taxpayer
The Bombay High Court has observed that the income tax department has relied on AI (artificial intelligence) to reference three …
8th pay commission in effect likely from Jan 1, but will it reflect in your salary?
There’s good news for nearly 50 lakh central government employees and 69 lakh pensioners, the Centre has formally approved the …
🕒 CBDT Extends Due Dates for Tax Audit & ITR Filing for AY 2025-26 (FY 2024-25)
📅 Dated: 29th October 2025📢 Press Release by the Central Board of Direct Taxes (CBDT) 🔔 Key Announcement The Central Board of Direct Taxes …
