Compliance Calender October 2025
Compliance Calender October 2025 7th October – Income Tax TDS 10th October – GST TDS & TCS 11th October – GSTR-1 (Monthly) 13th October – GSTR-1 (Quarterly) 14th October – ADT-1 filing (Appointment of an Auditor for Companies) 15th October – TCS Statemenr (27EQ) 15th October – DIR-3/DIR-3 KYC WEB 15th October – EPF… […]
Production of directors not mandatory to prove genuineness of transaction; Deletes commission addition: ITAT Delhi
Production of directors not mandatory to prove genuineness of transaction; Deletes commission addition: ITAT Delhi B & B Sharecom Pvt. Ltd. Vs DCIT, ITA No. 2877/DEL/2024 Facts: 1. During the year, between 24.02.2016 and 19.03.2016, the assessee issued 80,00,000 equity shares of Rs. 10 each, aggregating to Rs. 8,00,00,000. These were subscribed by three… […]
Reassessment Void Ab Initio for Lack of Statutory Sanction: ITAT Mumbai Allows Saif Ali Khan’s Appeal
Reassessment Void Ab Initio for Lack of Statutory Sanction: ITAT Mumbai Allows Saif Ali Khan’s Appeal Saif Ali Mansoor Ali Khan Pataudi (2025 TAXSCAN (ITAT) 1677) Facts: 1. The Assessing Officer (AO) issued a notice u/s 148 to reopen the assessment. The reassessment sought to make additions/disallowances, including a disallowance of TDS credit of… […]
Section 12AB Renewal: A 10-Year Relief for Small Trusts, or Still a 5-Year Puzzle?
Section 12AB Renewal: A 10-Year Relief for Small Trusts, or Still a 5-Year Puzzle? For decades, charitable and religious trusts in India have lived under the shadow of compliance calendars. Just when trustees felt they could focus on their charitable work, the law reminded them: “Your registration is about to expire, please renew.” Section 12AB,… […]
Whether due date for audit is extended for charitable trust also or not?
Whether due date for audit is extended for charitable trust also or not? CBDT has recently extended the due date of filing the audit report. The circular reads as under: The question which is raised is whether the extension is only for business class assessee & companies or even for charitable trust? It may… […]
Reserved Justice: Why ITAT Cannot Afford to Delay Orders Beyond 90 Days
Reserved Justice: Why ITAT Cannot Afford to Delay Orders Beyond 90 Days In the world of taxation, deadlines are sacrosanct. Miss a due date and the taxpayer is slapped with interest, penalties, or worse. But what happens when the judiciary itself fails to keep its own timeline? A recent controversy before the ITAT Special Bench involving… […]
An Extension without Empathy: Collect Taxes Like a Bee, Not a Wasp
An Extension without Empathy: Collect Taxes Like a Bee, Not a Wasp The CBDT has extended the tax audit due date from 30th September to 31st October 2025. On the face of it, this looks like relief. But as the Hon’ble Gujarat High Court itself observed, last-minute extensions only cause more harassment than help. For taxpayers and… […]
Dear Trustees, Dont forget to renew your registration under Section 12AB: The Silent Compliance That Could Cost Trusts Their Exemption
Dear Trustees, Dont forget to renew your registration under Section 12AB: The Silent Compliance That Could Cost Trusts Their Exemption Charitable and religious trusts are known for serving society, but in the eyes of the Income Tax Department, even the noblest institutions must comply with deadlines and forms. One such compliance, often overlooked, is the renewal… […]
Extension with Arrogance: CBDT’s Gift Wrapped in Insult
Extension with Arrogance: CBDT’s Gift Wrapped in Insult The Central Board of Direct Taxes (CBDT) has once again played its favorite game – “Extend the date, deny the problem.” On 25th September 2025, the Board extended the due date for filing Tax Audit Reports (TARs) from 30th September to 31st October 2025. A sigh of relief?… […]
CBDT’s Extension Drama: Shameless in Denial, Painless in Governance
CBDT’s Extension Drama: Shameless in Denial, Painless in Governance When the entire tax fraternity was crying hoarse about portal glitches, delays, and sleepless nights, what did CBDT say? “Portal ekdum mast chal raha hai, koi problem hi nahi hai.” This, my friends, is the new peak of bureaucratic shamelessness – an extension granted without humility, without… […]
