MCA Extends Annual Filing Deadlines for FY 2025-26: AOC- 4 by 31 December 2026 and MGT-7 by 31 January 2027
Extension of Due date for filing Annual filings for the Financial Year 2025-26 with MCA
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Companies Compliance Facilitation Scheme 2026 extended till 15th September
CCFS 2026 Extension 15th September 2026 The Ministry of Corporate Affairs has extended the...
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ITAT quashes CIT (Appeals) order on suo motu enhancement of the additions citing non-issue of Show Cause Notice under Sec.251(2) procedure.
ITAT Agra has held that the CIT(A) cannot enhance income without issuing a prior show-cause notice to the assessee. In the case of Simrah Builders (AY 2018–19), the Tribunal quashed the ₹54.50 lakh enhancement as it violated Section 251(2) and principles of natural justice. The assessee’s appeal was allowed purely on this legal ground.
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CBDT extends due date for furnishing return of income for the financial year 2024-25
CBDT has extended the Tax Audit Report due date for FY 2024–25 to 31st October 2025. This applies to assessees under Section 139(1) read with Section 44AB. A formal notification will follow soon as per the CBDT press release.
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Director’s KYC filing extended till 31st October without late filing fee of Rs.5000
MCA has extended the due date for filing DIR-3 KYC and DIR-3 KYC Web to 31 October 2025 (Circular No. 05/2025). All directors must complete their annual KYC to keep their DIN active and compliant. Failure to file within the extended timeline will lead to DIN deactivation and a penalty of ₹5,000.
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Company Law
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Powers of the board of directors under Companies Act 2013
This article delves into the powers granted to the Board of Directors under the Companies Act, 2013. It highlights key decision-making authorities, limitations, and responsibilities that ensure smooth governance and strategic control within a company.
Income tax
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Income Tax Rates for Individual Taxpayers for FY 2023-24
Income tax Rates for Financial year 2023-24 , Assessment Year 2024-25. New Tax regime regime rates versus Old Tax regime rates. Exemptions and deductions available under new Tax regime and old Tax regime.
GST
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Government brings out notification for Amended GST rates decided in the 56th GST council meeting.
The Government has issued a fresh notification announcing amendments to GST rates. These changes are based on the decisions taken during the 56th GST Council Meeting. The revised structure is aimed at simplifying the tax system and improving compliance. Businesses and taxpayers are advised to carefully review the updated rates. Staying informed will help ensure smooth adherence to the latest GST rules.
MCA Extends Annual Filing Deadlines for FY 2025-26: AOC- 4 by 31 December 2026 and MGT-7 by 31 January 2027
Extension of Due date for filing Annual filings for the Financial Year 2025-26 with MCA
Read More
Companies Compliance Facilitation Scheme 2026 extended till 15th September
CCFS 2026 Extension 15th September 2026 The Ministry of Corporate Affairs has extended the...
Read More
ITAT quashes CIT (Appeals) order on suo motu enhancement of the additions citing non-issue of Show Cause Notice under Sec.251(2) procedure.
ITAT Agra has held that the CIT(A) cannot enhance income without issuing a prior show-cause notice to the assessee. In the case of Simrah Builders (AY 2018–19), the Tribunal quashed the ₹54.50 lakh enhancement as it violated Section 251(2) and principles of natural justice. The assessee’s appeal was allowed purely on this legal ground.
Read More
CBDT extends due date for furnishing return of income for the financial year 2024-25
CBDT has extended the Tax Audit Report due date for FY 2024–25 to 31st October 2025. This applies to assessees under Section 139(1) read with Section 44AB. A formal notification will follow soon as per the CBDT press release.
Read More