Income Tax Update: Will the I-T Department Release New ITR Forms by January 2026? With the 2025–26 financial year on the horizon, everyone’s watching to see when the Income Tax Department will drop the new ITR forms. If the department releases them early—say, by January 2026—it reduces a lot of pressure. People and businesses get…
Govt to Notify New ITR Forms & Income Tax Act 2025 Rules by January 2026: CBDT Chief Big news for taxpayers—India’s government plans to roll out new Income Tax Return (ITR) forms and rules for the Income Tax Act 2025 by January 2026. The CBDT Chief says these changes will push the tax system toward…
Tax Audit Extension Update: High Courts Grant More Time — All Eyes on CBDT’s Next Move Taxpayers and professionals just got some much-needed breathing room. Both the Punjab & Haryana High Court and the Himachal Pradesh High Court have given more time for tax audit and return filings. For thousands of chartered accountants and businesses,…