CA Circle India

In a significant move welcomed by taxpayers and professionals alike, the Central Board of Direct Taxes (CBDT) has extended the due date for filing Income Tax Returns (ITRs) for the assessment year 2025-26. Returns originally due by July 31, 2025, can now be filed until September 15, 2025. This extension comes in response to the delayed release of ITR utilities, which have not been made available to taxpayers and tax professionals as of mid-June 2025.

As the income tax season kicks in, one question is on everyone's mind — which regime is better: old or new? While people compare...

The Income Tax Law 2025 introduces several changes, including Section 515(3)(b)(G), which pertains to the disqualification of an "Accountant