Extension of filing deadlines sought for income tax returns and tax audit reports due to floods and portal glitches.
The All India Federation of Tax Practitioners has sought a formal extension of filing deadlines for income tax returns and tax audit reports for assessment year 2025-26, requesting specific new due dates for non-audit ITRs, tax audit reports and audit-case ITRs, citing floods, landslides, portal glitches, discrepancies in data utilities, festival-related unavailability, and additional burden from revised financial statement formats; it has submitted a memorandum to the tax authority and filed a writ petition seeking directions for extensions.

Tax treatment for term insurance: premiums eligible for deductions and policy payouts exempt, enhancing tax efficiency of coverage.
The plan permits increases in sum assured at specified life events via Life Stage Coverage and annual Top-Ups; select "Plus" variants return 100% of premiums at term-end. FlexiPay allows premium deferral up to twelve months without lapse, with unpaid premiums deductible from claim payouts. An instant payout is available after a qualifying period and a Payor Accelerator advances 50% of base sum assured on terminal illness with premium waiver thereafter. Term plans are stated as GST-exempt; premiums are described as eligible under Section 80C and payouts exempt under Section 10(10D).

GST slab restructuring hailed as tax relief, while states allege they bore half the fiscal burden and face fund denial.
GST slab restructuring consolidates four rates into two (5% and 18%) alongside income tax cuts presented as nationwide savings, while the Chief Minister contends that approximately half of the relief has been borne by state governments. He alleges the Centre has failed to acknowledge or compensate states and links the withholding of SamagraShiksha funds to a language-policy dispute, framing the practice as punitive and contrary to federal fiscal equity.

H-1B fee requirement restricts entry unless petitions are supplemented by a substantial payment, affecting major tech employers.
A presidential proclamation conditions nonimmigrant entry on H-1B petitions being accompanied or supplemented by a substantial annual payment, expiring twelve months after its effective date unless extended. The proclamation cites USCIS data showing major concentrations of H-1B approvals among large technology employers and asserts the fee is aimed at addressing alleged systemic abuse by IT outsourcing firms that rely on H-1B labour, incentivise lower labour costs, and correlate with domestic layoffs.

GST evasion uncovered: bogus registrations and fake e-way bills enabled fraudulent input tax credit claims, probe and seizures follow.
GST evasion involving over 170 alleged bogus firms used fake registrations, fabricated documents and bogus e-way bills to generate fraudulent Input Tax Credit claims and understate turnover; searches led to seizure of cash and gold and referral of assets to the Income Tax Department, with a comprehensive probe and further legal proceedings ongoing.

Direct tax collection growth driven by corporate advance tax and slower refunds, supporting fiscal revenue projections this year.
Net direct tax receipts rose about nine per cent year to date, driven by higher corporate advance tax inflows and a reduction in refund issuances; gross direct tax collections increased modestly before refunds. Corporate advance tax and net corporate tax collections improved while non corporate advance tax declined though net non corporate receipts were higher; Securities Transaction Tax receipts remained broadly stable. The government's fiscal projections for direct tax and STT collections signal reliance on advance tax timing and refund management to sustain projected revenues.

Tax survey operation targets Marico group over alleged tax evasion, with authorities scrutinising its financial records.
A Tax Survey operation was conducted at multiple Marico group business premises in response to alleged tax evasion, involving surprise visits and focused examination of accounting records, transactions, and other financial documents by the tax investigation wing to assess compliance and identify potential irregularities.

ITR filing deadline extended: due date for returns originally due in July moved to 16 September 2025.
The due date for filing Income Tax Returns originally due on 31 July, and previously extended to 15 September, is further extended to 16 September; a formal order/notification will be issued separately.

Extension for income tax filing sought after floods, with a call to waive interest on delayed payments due to infrastructure collapse.
Request for extension to the statutory timeline for filing Income Tax Returns due to widespread disruption of electricity, internet and access to records, asserting that such extraordinary natural calamities justify administrative relief. The submission also seeks an administrative waiver of interest on delayed payments for the affected assessment period and criticises a minimal short-duration extension as inadequate given infrastructural damage.

ITR filing deadline extended after e filing portal technical disruptions; maintenance and support measures announced for taxpayers.
The government extended the ITR filing deadline by one day to accommodate filings disrupted by technical glitches on the e filing portal; the CBDT announced a maintenance window to enable utility and back end changes, issued browser troubleshooting guidance, and requested affected taxpayers to report issues via designated email addresses so filings and advance tax payments could be completed without penalty.

ITR filing deadline extended by one day to allow e filing portal maintenance and address reported glitches.
The CBDT extended the ITR filing deadline for AY 2025-26 by one day to September 16, 2025 for individuals, HUFs and taxpayers not requiring audit; the e-filing portal will be in maintenance from 12:00 am to 2:30 am on September 16 to enable utility changes, the extension following reports of portal glitches.

ITR filing deadline: taxpayers urged to file despite e filing portal glitches; department issued browser troubleshooting guidance.
More than seven crore income tax returns have been filed as the ITR filing deadline approaches, while taxpayers report access and transaction glitches on the e filing portal. The department confirmed the due date remains unchanged, issued browser troubleshooting guidance, provided support e mail channels for unresolved AIS/TIS and upload issues, and cautioned against unverified extension notices. An earlier extension for certain taxpayers accommodated structural revisions to ITR forms and filing utilities; the advance tax instalment deadline coincides with return filing, increasing portal traffic.

ITR filing deadline remains fixed; taxpayers urged to file despite portal glitches and earlier form revisions.
The ITR filing deadline for individuals, HUFs and non audited entities remains 15 September; over seven crore returns have been filed and taxpayers are urged to file pending returns. The department responded to portal complaints by advising cache clearing, alternate browsers and submission of PAN, mobile number and public IP to support e mail addresses. An earlier extension to 15 September was issued due to structural and content revisions to ITR forms requiring updates to filing utilities and back end systems.

Income tax return filing deadline remains unchanged despite portal glitches; taxpayers must use official support channels and troubleshooting tips.
Complaints of technical glitches on the income tax e filing portal prompted user reports of login, payment and AIS/TIS download issues; the Income Tax Department denied any extension of the filing deadline, confirmed the portal's functioning, advised technical troubleshooting and asked affected taxpayers to submit PAN, mobile number and public IP address to designated support e mail addresses. The department referenced a prior administrative extension made to accommodate ITR form revisions and highlighted filing statistics while urging reliance on official channels.

ITR filing deadline remains unchanged; taxpayers must use official channels and report portal issues to support
The Income Tax Department affirmed that the ITR filing deadline for AY 2025-26 remains September 15 and dismissed social media claims of a later extension. The department stated the e-filing portal and AIS/TIS are functioning, advised users to clear browser cache or change browsers, and asked users experiencing technical problems to provide PAN, mobile number and public IP to designated support e-mail addresses. A 24x7 helpdesk offers calls, live chat, WebEx and social media support. The department noted the prior administrative extension to September 15 was due to structural revisions to ITR forms and related system updates.

ITR filing deadline extension: taxpayers urged to submit returns to avoid penalty with department helpdesk support.
The due date for filing Income Tax Returns for Assessment Year 2025-26 was extended to September 15 for individuals, HUFs and non-audit entities to accommodate structural and content revisions in ITR forms, which required updates to filing utilities and the department's back-end systems. The department urged taxpayers to file promptly to avoid penalty and provided 24x7 helpdesk support through calls, live chat, WebEx sessions and social media while noting milestone filing figures and broader growth in tax compliance.

Tax benefits for ULIP index investment follow specified conditions while product replication remains subject to tracking error.
The NFO for the Bajaj Allianz Life BSE 500 Enhanced Value 50 Index Fund is a ULIP/long term product that passively tracks a 50 stock value index selected by book to price, earnings to price and sales to price ratios. The fund's replication is subject to tracking error and past returns are not indicative of future performance. Tax benefits are noted as per prevailing law. Bajaj Finance Limited is a registered corporate agent under IRDAI and disclaims underwriting liability; purchasers must perform independent due diligence and consult insurer policy documents for terms, exclusions, and risk factors.

India-US tax treaty guidance enabled compliant Indian tax treatment and cross-border work for NASA JPL's NISAR mission.
Advisory analysed the Indian direct tax and compliance framework for a foreign research entity, focusing on technical interpretation of the India-US Double Taxation Avoidance Agreement to determine Indian tax treatment for activities and personnel and to specify withholding, reporting and regulatory compliance measures enabling lawful on site work for the NISAR mission.

Repeal of Income Tax Act triggers deadline for correction statements; filings for specified years barred after the cutoff.
The Income Tax Act 1961 is repealed w.e.f. 01.04.2026 under section 536 of the Income Tax Act 2025. Pursuant to section 397(3)(f) of the 2025 Act, deductors/collectors may file prescribed, verified correction statements within two years from the end of the relevant tax year; correction statements for specified quarters of FY 2018-19 to FY 2023-24 will be accepted only up to 31 March 2026 and will be time barred thereafter.

Wealth tax preservation drives policy: electoral outcome points to continued asset levy despite right-wing repeal calls.
The central policy issue is Norway's wealth tax: Labour intends to retain the asset-and-shares levy as a revenue source and expression of social solidarity, while conservative and right-populist parties seek reduction or repeal; ensuing coalition negotiations will determine the legislative approach and reconcile projected revenue consequences with political and economic arguments.