CBDT

Direct Tax Collections Grow 7% YoY; Refunds Down 18% in FY 2025-26

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India’s direct tax collections for FY 2025-26 have shown a steady year-on-year (YoY) growth of 7%, signaling strong revenue performance driven by higher corporate profitability and rising personal income levels. However, the 18% decline in refunds has caught attention, suggesting tighter scrutiny and faster processing of genuine tax dues by the Income Tax Department. Strong … Read more

ITR Audit Due Date: CBDT Extends Deadlines for Filing Audit Reports and Income Tax Returns for AY 2025-26

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CBDT extends ITR Audit Due Date: CBDT Extends Deadlines for Filing Audit Reports and Income Tax Returns for AY 2025-26. Know the new filing deadlines, reasons for the extension, and who benefits from the latest Income Tax return update.

ITR Audit Due Date: CBDT Extends Deadlines for Filing Audit Reports and Income Tax Returns for AY 2025-26 The Central Board of Direct Taxes (CBDT) has officially announced an extension of the due dates for filing Income Tax Returns (ITRs) and Tax Audit Reports for the Assessment Year (AY) 2025–26. This move comes as a … Read more