Centre’s latest amnesty for undisclosed foreign wealth comes into force on Monday, giving small taxpayers a four‑and‑a‑half‑month window to clean up past lapses without facing the full force of the Black Money Act
Before this CBDT rule change came to fruition, errors in ITR filings meant an absolute hassle: a lot of back and forth involved between the taxpayer and jurisdictional assessing officers until the issue was resolved
November brings with it several compliance deadlines, including those for TDS deposits, AY 2025-26 Income Tax Return (ITR) filing under Transfer Pricing regulations, and Form 27C submission
The I-T Department's extension also follows recent decisions by the high courts of Punjab, Haryana, Gujarat, and Himachal Pradesh to extend the audit report filing deadline from October 31 to November 30
The ITR filing deadline has been extended to September 16, but taxpayers still face glitches on the portal. Here's what you need to know about what happens next if you miss the deadline