Can F&O losses be carried forward if accounts are audited, even without a tax audit requirement?

Section 44AD requires a person to get their accounts audited if profits from business are lower than prescribed limit or if a ...

Demand for extension of due date of tax audit report and ITR filing is getting wider with many tax bodies writing to finance minister and PMO

The Karnataka State Chartered Accountants Association (KSCAA) has appealed to the PMO, highlighting critical issues with the ...

ITR-5 and ITR-7 forms enabled for online filing: Who should file these income tax forms? What are their deadlines?

The Income Tax Department has activated online filing for ITR-5 and ITR-7 forms, pre-filled with data, on its official website. ITR-5 and ITR-7 forms are meant for specific categories of taxpayers and ...

Inflation Refund Checks to benefit millions: Who will get the money — eligibility criteria & how the program works

Relief is arriving for millions of New Yorkers struggling with rising living costs, as the state government has begun ...
Tax Guru

Rajasthan HC Extends Tax Audit Report Deadline to 31st October 2025 (Read Order)

The Rajasthan High Court ordered the CBDT to extend the Tax Audit Report (TAR) due date to October 31, 2025, citing widespread technical glitches on the e-filing portal and a substantial filing ...

No tax rebate for special-rate incomes, reiterates Income Tax Dept, asks taxpayers to pay up by December 31

The Central Board of Direct Taxes (CBDT) has once again made it clear that tax rebate under section 87A tax rebate on special-rate incomes such as short-term capital gains will not be allowed.
NPR

Planet Money

Wanna see a trick? Give us any topic and we can tie it back to the economy. At Planet Money, we explore the forces that shape our lives and bring you along for the ride. Don't just understand the ...