Tax Audit Deadline Not Extended for These Taxpayers: Karnataka CA Body Flags Anomalies in CBDT Circular When the Central Board of Direct Taxes (CBDT) announced its latest extension for tax audit reports and ITR filings, everyone thought the relief would be straightforward. But the Karnataka State Chartered Accountants Association (KSCAA) quickly flagged a problem. They…
Actual Reasons Behind ITR Refund Delays: When Will Your Money Arrive? You filed your Income Tax Return on time and you’re still waiting for the refund to show up. Frustrating, right? You’re definitely not alone. Every year, tons of people sit tight, checking their accounts and hoping for that credit. The thing is, most refund…
The CBDT has brought a significant change for Indian taxpayers the introduction of AIS 2.0 (Annual Information Statement). The update is aimed at making tax compliance easier, correct, and transparent for individuals, companies, and consultants alike. As tax practitioners, we at Taxflick think this is a positive step towards minimizing tax mismatches, return filing errors,…