Category: Finance and Accounting

The income tax filing deadline has passed for most taxpayers, and the relief of having filed your return may already be settling in. However, the process doesn’t end there. Even after submission, minor mismatches between what you declare in your Income Tax Return (ITR) and the data recorded by authorities can trigger notices, queries, or…

Missed the Income Tax Return Deadline? How to File a Belated Return, Penalties & Time Limits Explained

Sep 17, 2025

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Every year, many taxpayers in India fail to file their Income Tax Return (ITR) by the deadline. But missing the deadline doesn’t always mean disaster. The tax laws provide a mechanism known as a belated return, which lets you file past the due date. However, there are consequences—penalties, loss of certain benefits, and restrictions. Understanding…

Income Tax Return Deadline Extended by One Day: All You Need to Know

Sep 16, 2025

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in Economic News, Finance and Accounting, News

Filing your Income Tax Return (ITR) is one of the most important financial responsibilities for every taxpayer in India. In a recent update, the government has extended the ITR filing deadline for Assessment Year (AY) 2025-26 by one more day, offering some extra time to those who were struggling with last-minute filings. Let’s break down…

Over 7 Crore ITRs Filed: Income Tax Department Urges Remaining Taxpayers to Act Before Deadline

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in Finance and Accounting, News

The Income Tax Department has confirmed that over 7 crore Income Tax Returns (ITRs) have already been filed for the current assessment year. With the due date approaching fast, it is urging the remaining taxpayers to complete their filing immediately to avoid late fees, penalties, and last-minute technical glitches. Why the Rush to File Now?…

Income Tax Portal Not Working: Causes, Fixes & Filing Tips Before Deadline

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in Finance and Accounting, News

The annual Income Tax Return (ITR) filing rush has begun, and millions of taxpayers are complaining that the income tax portal is not working properly. As the due date approaches, users are facing login issues, failed uploads, and slow loading pages. In this article, we’ll explain in detail why this happens, what you can do…

ITC Reversal Under GST: Complete Guide to 22 September 2025 Changes

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Introduction – What’s Changing from 22 September 2025 The Goods and Services Tax (GST) framework in India is undergoing a major compliance change. From 22 September 2025, businesses supplying goods that become exempt must reverse the Input Tax Credit (ITC) they previously claimed on unsold stock.This rule, known as the ITC reversal under GST, is…

ITR Filing Deadline 2025: Beware of Fake Extension Notices, Official Deadline Remains September 15

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As the Income Tax Return (ITR) filing deadline for AY 2025–26 approaches, taxpayers are being warned about circulating fake extension notices. While messages claim that the deadline has been pushed to September 30, 2025, the Income Tax Department has clarified that this is false. This article explains the situation in detail, provides guidance for safe…

Last Day to File ITR 2025: Complete Guide, Step-by-Step Instructions & Important Tips

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Today is the final day for many taxpayers in India to file their Income Tax Return (ITR) for the Financial Year 2024–25 (Assessment Year 2025‑26) without incurring late fees or penalties. Filing your ITR on time is crucial to avoid unnecessary charges, ensure refunds are processed, and maintain compliance with income tax laws. This guide…

Golden Years Planning: How to Accumulate ₹2 Crore for Retirement Using EPF Contributions

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in Educational News, Finance and Accounting

Retirement is the one milestone that every working professional must prepare for. With rising costs and longer life expectancy, a retirement corpus of ₹2 Crore (or more) is now seen as the minimum for a secure post-retirement life. One of the most reliable tools for Indian salaried employees to achieve this goal is the Employees’…

Income Tax Return Filing Deadline 2025: Will It Be Extended Beyond 15 September?

Sep 14, 2025

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in Finance and Accounting, News

Filing your Income Tax Return (ITR) on time is crucial to avoid penalties and ensure compliance. In 2025, the Central Board of Direct Taxes (CBDT) had already extended the due date once — from 31 July 2025 to 15 September 2025 for non-audit taxpayers. As the new deadline approaches, many taxpayers and professionals are wondering:…

How Accountants Can Work Faster Using AI | Free AI Tools for Accountants (Detailed Guide)

Sep 14, 2025

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