The Income Tax Department has enabled online filing of ITR-6 for Assessment Year 2025-26, along with updated offline utilities. All companies except those claiming Section 11 exemption must file by the specified deadlines. This comprehensive guide covers eligibility, filing steps, critical deadlines, and common errors to avoid for seamless compliance

CBDT has extended the deadline for filing Tax Audit Reports for AY 2025–26 to 31st October 2025. This move provides relief to professionals and businesses facing compliance pressure. Stakeholders are advised to file promptly and stay informed via official channels.

Due to persistent technical issues with the Income Tax portal and delayed release of filing utilities, MP P.C. Gaddigoudar has formally requested the Finance Ministry to extend the due dates for filing returns and audit reports under Section 139(1) and 3CA/3CB-3CD for AY 2025–26. This blog highlights the proposed changes and why they matter to professionals and small businesses.

This blog post provides a comprehensive guide for individuals who have missed the September 16, 2025, deadline for filing their Income Tax Return (ITR) for FY 2024-25. It reassures readers that filing is still possible through a "belated return" by December 31, 2025, but outlines the associated penalties, including late filing fees (₹1,000 or ₹5,000) and interest on unpaid tax. The article also details other consequences of late filing, such as the inability to carry forward certain losses, delayed refunds, and potential loss of specific deductions. It touches on rare exceptions and what happens if even the belated deadline is missed. Finally, it offers practical advice to act promptly, gather documents, compute accurately, and seek professional help, promoting MyITROnline as a solution for simplified tax filing.

The Income Tax Department has granted a crucial one-day extension for filing Income Tax Returns for Assessment Year 2025-26, pushing the final deadline to September 16, 2025. This extension aims to assist taxpayers who encountered issues with the e-filing portal. This is a final opportunity to avoid penalties, so file your ITR promptly with myITRonline.

This blog post provides a detailed overview of the key highlights from the Income Tax Return (ITR) filing season for Assessment Year (AY) 2025-26, as of September 8, 2025. It showcases significant statistics including over 13.36 crore registered users, more than 5 crore returns filed, nearly 4.72 crore verified returns, and over 3.39 crore processed returns. The post emphasizes the growing trust in the e-filing platform, faster processing times, and the success of India's digital transformation in tax administration, positioning the Income Tax Department as "Success Enablers."

This blog post details the Central Board of Direct Taxes' (CBDT) extension of due dates for filing Income Tax Returns (ITRs) and tax audit reports for Assessment Year (AY) 2025-26. It explains the reasons behind the extension, provides a clear table of new deadlines for various taxpayer categories (individuals, audit cases, and transfer pricing cases), and discusses why tax professionals are still advocating for further extensions. The post also outlines the penalties and interest associated with missing these extended deadlines, including fees under Section 234F and interest under Section 234A. Finally, it offers practical advice for taxpayers to ensure timely compliance.

Despite the ITR filing deadline for AY 2025-26 being extended to September 15, over 3.29 crore returns have already been filed by mid-August, with 1.13 crore processed. This highlights growing tax compliance and the Income Tax Department's processing efficiency.

This blog announces the release of the ITR-6 Excel Utility for the Assessment Year 2025-26 by the Income Tax Department. It details which companies are required to file this form, highlights key updates and changes for this year (such as LEI and capital gains reporting), provides a step-by-step guide on how to use the offline utility, and clarifies the important filing deadlines to help corporate filers ensure timely and accurate compliance.

Made an error on your Income Tax Return? Don't stress! This comprehensive guide walks you through the process of filing a Revised Return under Section 139(5) for Assessment Year 2025-26. Learn common reasons for revision, key deadlines, and a simple step-by-step online process to ensure your tax records are accurate and penalty-free.

This blog provides a comprehensive explanation of the provisions for setting off and carrying forward losses under the Indian Income Tax Act. It details the process of adjusting financial losses against profits to reduce the overall tax burden. The article breaks down the two primary methods: intra-head and inter-head set-off, outlining the specific rules and restrictions for various types of losses, including business loss, capital loss, and loss from house property. It also covers the crucial conditions and timelines for carrying forward unadjusted losses to future years, making it an essential guide for taxpayers looking to optimize their tax planning for the Assessment Year 2025-26.

This guide explains the updated Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961, for the Assessment Year 2025-26 (Financial Year 2024-25). It clarifies who needs a tax audit, points out key changes in Form 3CD, including new clauses for digital transactions, MSME reporting, and buybacks. It also outlines the audit process, lists important due dates, and details the penalties for non-compliance. The guide offers best practices for taxpayers to help ensure smooth audits and strong tax compliance in India.