Demand for extension of due date of tax audit report and ITR filing is getting wider with many tax bodies writing to finance minister and PMO

The Karnataka State Chartered Accountants Association (KSCAA) has appealed to the PMO, highlighting critical issues with the ...

ITR Refund Delay: Why Taxpayers Are Having To Wait Longer This Year

As of September 22, the Income Tax Department processed 50.1 million returns, leaving more than 10 million pending for completion ...

Who needs to file income tax audit report for AY 2025-26?

For AY 2025-26, businesses exceeding turnover limits and certain professionals must file tax audit reports by September 30, 2025, potentially facing penalties for delays. The Bombay Chartered ...

The end of most paper checks for Social Security, federal income tax refunds hits soon

Millions of people still prefer a paper check for federal income tax refunds. But President Trump signed an executive order to stop paper checks.
Tax Guru

Unsigned Approval Fatal: ITAT Raipur Quashes Reassessment as Void ab Initio

The ITAT Raipur quashed a reassessment order, ruling that the mandatory requirement for a signed approval from tax ...