News

As per Income Tax Audit Form Update Total MSME Dues paid within time or nor are to be Reported in Form 3CD

Income Tax Audit Form Update: Total MSME Dues even if paid within time to be Reported in Form 3CD

The IT Department is sending notices to salaried individuals who have claimed HRA but have not deducted TDS on rent payments in the past financial year.

Income Tax Department Issues Notices to Taxpayers Claiming HRA without Deducting TDS

Articles

The Bombay High Court reprimanded the tax department for using an AI-generated order to deny the assessee's claims without providing explanations.

HC expresses Concern Regarding Tax Department's Use of AI to Issue an Order against Assessee

Circulars

CBDT has notified that interest charges is to be waived in cases where TDS or TCS payments were delayed due to technical glitches on the portal.

Relief for Taxpayers: CBDT Waived Interest on TDS/TCS Payments Delayed Due to Technical Glitches [Read Circular]

Notifications

CBDT has amended the Income tax Rules to provide for Safe Harbour Rules under Section 92CB for AY 2025-26.

CBDT amends Income Tax Rules to provide for Safe Harbour Rules under Section 92CB for AY 2025-26

CBDT has amended Form 3CD of the Tax Audit Report for AY 2025-26 by notifying the Income-tax (Eighth Amendment) Rules 2025 via a released Notification effective from the 1st day of April 2025.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Income Tax Audit Form Update: Total MSME Dues even if paid within time to be Reported in Form 3CD

Income Tax Department Issues Notices to Taxpayers Claiming HRA without Deducting TDS

HC expresses Concern Regarding Tax Department's Use of AI to Issue an Order against Assessee

Relief for Taxpayers: CBDT Waived Interest on TDS/TCS Payments Delayed Due to Technical Glitches [Read Circular]

CBDT amends Income Tax Rules to provide for Safe Harbour Rules under Section 92CB for AY 2025-26

CBDT Amends Form 3CD of Tax Audit Report; Changes effective 1st April 2025