Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
The tax authority, invoking its powers under Section 119 of the Income-tax Act, 1961, has extended filing deadlines for Assessment Year 2025-26: the due date for specified assessees under Explanation 2(a) to sub-section (1) of section 139 to furnish Income Tax Returns for FY 2024-25 is moved from 31 October 2025 to 10 December 2025, and consequently the due date for furnishing the audit report under the Explanation to section 44AB for FY 2024-25 is extended to 10 November 2025.
The tax authority, invoking its powers under Section 119 of the Income-tax Act, 1961, has extended filing deadlines for Assessment Year 2025-26: the due date for specified assessees under Explanation 2(a) to sub-section (1) of section 139 to furnish Income Tax Returns for FY 2024-25 is moved from 31 October 2025 to 10 December 2025, and consequently the due date for furnishing the audit report under the Explanation to section 44AB for FY 2024-25 is extended to 10 November 2025.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4790
Join Channel
TaxTMI 
