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AIMTPA has urged Finance Minister to extend the Tax Audit Report and Audit ITR deadline, citing workload and the need for adequate audit verification time.

AIMTPA Requests Finance Ministry to Extend TAR and Audit ITR Due Dates After Workload Mounts 

Judgement

The ITAT Mumbai deletes major additions based on unverified excel sheets and restricts unaccounted sales to actual figures.

ITAT Holds Uncorroborated Excel Data and Selectively Matched Entries Cannot Sustain Additions

Burnpur Cement faces a combined Rs 30.91 lakh penalty from NSE and BSE, adding to its financial pressure amid zero revenue and ongoing ARC management.

Burnpur Cement Hit With Rs 30.91 Lakh Combined Fine by NSE and BSE, Says Penalty Could Further Worsen Financial Position

Haryana State Tax Bar Association has urged the Finance Ministry and CBDT to extend the Tax Audit Report due date for AY 2026-27 beyond 30 September 2026, preferably by at least 30 days, citing heavy compliance workload, transition-related challenges and portal issues

Haryana State Tax Bar Association Demands 30 Days Tax Audit Due Date Extension

The Union Cabinet has approved the Ministry of Labour and Employment's proposal to enhance the EPFO wage ceiling from Rs 15,000 to Rs 25,000 per month.

Govt Enhances EPFO Wage Ceiling from Rs 15,000 to Rs 25,000; Over 51 Lakh Employees to Fall Under Scope

Delhi ITAT grants relief after an accountant mistakenly selected the old tax regime in the ITR despite the tax being calculated under the new regime.

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AIMTPA Requests Finance Ministry to Extend TAR and Audit ITR Due Dates After Workload Mounts

ITAT Holds Uncorroborated Excel Data and Selectively Matched Entries Cannot Sustain Additions

Burnpur Cement Hit With Rs 30.91 Lakh Combined Fine by NSE and BSE, Says Penalty Could Further Worsen Financial Position

Haryana State Tax Bar Association Demands 30 Days Tax Audit Due Date Extension

Govt Enhances EPFO Wage Ceiling from Rs 15,000 to Rs 25,000; Over 51 Lakh Employees to Fall Under Scope

Accountant’s Mistake in Selecting Old Tax Regime Cannot Trigger Extra Tax Burden, ITAT Directs Fresh Computation Under Section 115BAC