Sept 30 tax audit deadline: Why freelancers, professionals and small businesses can’t ignore Section 44AB
If you’re a freelancer or a professional like a doctor, lawyer, architect or a CA and your annual income exceeds Rs 50 lakh, you need a tax audit
Should capital gain, loss be calculated on indexed or unindexed basis for income tax set-off ?
Indexation is now available only for a limited purpose. It is available on computing tax liability on the sale of land and buildings purchased before July 23, 2024 and sold on or after that date
Missed 15-day deadline for defective ITR? Here’s what happens next
If the income tax officer finds a defect in your ITR, they will issue a notice under Section 139(9), asking you to correct the issue within 15 days.
Why filing ITR early is a smart choice: Faster refunds to old regime option and carry forward of losses
Early tax filing has several advantages, as it allows the taxpayer to carry forward losses, avoid late fees and ensures that refunds, if any, are processed faster.
Some MRPs may remain high even after lower GST rates kick in on September 22. Here's what you should do
Since existing stock is already in the distribution pipeline, it may take two–three months for the transition to be fully reflected in the market. Customer, however, should ask for lower prices if GST benefits are not being passed on
OPINION | GST 2.0: Modi's next-generation reform for growth and affordability
GST 2.0 introduces a simplified tax structure, reduces rates on essentials, and supports MSMEs, boosting economic growth while improving affordability for consumers and businesses alike
Infosys Buyback: Understanding the higher tax burden for shareholders
For all buybacks conducted after October 1, 2024, companies do not pay any tax. Instead, shareholders pay tax on the entire amount received from the buyback
ITR filing due date extended: September 16 is the last chance to opt for the old tax regime
To opt for the old regime, you must exercise this choice while filing your ITR within the due date.
Income Tax Return filing deadline extended by a day to September 16
However, the e-filing portal will be in maintenance mode until 2:30 am to enable change in utilities
ITR Filing: 'Due Date Extension' trends on X as taxpayers fear late fees, interest after September 15 deadline
So far, 6.29 crore returns have been filed for AY 2025–26 (till September 13, 2025), against 7.28 crore returns filed in total for AY 2024–25. With ITR filings registering a steady growth the number could cross 7.8 crore this year
September 15 Advance Tax Deadline: Here's what you must pay today and interest you will be charged for delay
If you fall short of the required 45% advance tax by September 15, interest under Section 234C kicks in. You will be charged 1 percent a month on the shortfall for three months (till December)
ITR filing 2025: Why individual taxpayers must file their tax returns on September 15
While you can file belated returns by December 31, 2025, not adhering to the September 15 deadline will attract late-filing fees of Rs 1,000–Rs 5,000, besides other restrictions
OPINION | Technological transformation is the invisible game changer in GST 2.0
The focus has been on GST slab rate rejig. Unnoticed is the forthcoming shift to AI-assisted, risk-based refund processing system which cuts down human intervention and prioritises trust. The outcome will be a big boost in Indian industry’s competitiveness
ITR Deadline Today: Nearly 1 crore filings expected amid last-minute rush
So far, 6.29 crore returns have already been filed for AY 2025–26 (till September 13, 2025) compared to 7.28 crore returns filed in total for AY 2024–25.
Does sale of agricultural land need to be disclosed in ITR?
The profits from the sale of rural agricultural land are not regarded as income by law, you are not required to disclose them in your income tax returns
ITR filing 2025: Why checking AIS and Form 26AS is critical before submitting tax returns
Difficulty in accessing AIS has been the chief complaint of many tax professionals ahead of the September 15 ITR filing due date. It is important to review AIS to avoid missing out on disclosures, which can then trigger scrutiny and notices from the tax department.
ITR filing 2025-26: Yet to file tax returns? Know the consequences of missing September 15 deadline
Completing the ITR filing process after September 15 will mean coughing up penalties of Rs 1,000-5,000.
September 15 ITR filing deadline: TDS on fixed deposits explained
File ITR by September 15, 2025; understand TDS on fixed deposits, threshold limits, rates and refund process.
ITR filing: Advance tax deadline-ITR filing due date clash, I-T portal glitches causing delays, say CAs
However, income tax officials have refuted claims of technical snags on the official e-filing portal.
ITR Filing: Do you have to get your account audited if you have loss in F&O?
A person who opts for Section 44AD must continue with the scheme for the next five years. If they opt out before completion of five years, they cannot opt for it again for the next five years.
ITR-3 filings grew over 600 percent in 2024 among investors under the age of 25, shows Cleartax data
The fastest increase in ITR-2 and ITR-3 filers, the categories linked to capital gains and market activity, is coming from Indians under the age of 25. While this highlights extraordinary enthusiasm, it also signals risk.
Last-minute ITR rush overwhelms portals, millions of returns still pending
As of now, only 5.47 crore returns have been filed, leaving almost two crore still pending. With three days to go, the pressure is mounting on both taxpayers and professionals
ITR Filing: TDS deducted on unpaid salary. Can a refund be claimed?
Your tax liability arises as soon as the salary becomes due, regardless of whether you receive it in the future.
September 15 ITR Deadline Nears: Easy guide to advance tax payment, due dates & late payment interest
If you haven’t paid advance tax for FY25 yet, you can pay it at the time of filing your ITR. But for the next year, plan better by paying the due advance tax for FY26 by September 15 2025.
Last minute rush: Steer clear of these common ITR filing errors to avoid I-T queries, notices later
Filing income tax returns in a hurry can increase the risk of errors, defective returns and, thus, I-T notices. Here’s a last-minute guide to avoiding costly mistakes.
