KNOWLEDGE HUB
CBDT Notifies New ITR-BN for Filing Income-tax Returns in Block Assessment Case
The Central Board of Direct Taxes (CBDT) has rolled out a new tax return form. It is called ITR-BN. This form applies to taxpayers facing block assessment proceedings. These proceedings arise from search and seizure actions. Consequently, taxpayers under...
ITR Deadline 2026: Is 31st July Filing Alarm Ringing for You?
The calendar is turning. July is almost over. And for millions of Indian taxpayers, one date matters most: 31st July 2026. This is the ITR filing deadline for the financial year 2025-26. Yet many taxpayers still haven't started. So, is it time to worry? Let's break...
How Can I File an ITR and Claim a TDS Refund for a Deceased Parent
Losing a parent brings emotional strain, and paperwork often adds to it. Filing their final income tax return is one such task. Fortunately, the process follows clear steps, and a legal heir can complete it smoothly. Who Can File the Return Under Section 159 of the...
CBDT to Display Foreign Income and Assets in AIS for Taxpayers
Filing taxes gets more transparent this year. The Central Board of Direct Taxes (CBDT) now shows foreign income and asset details in your Annual Information Statement (AIS). This move helps taxpayers see what the department already knows. As a result, filing an...
ROC Penalty for Delay in Loan-to-Equity Conversion
Companies often convert loans into equity shares to strengthen their balance sheets. However, this process demands strict compliance with the Companies Act, 2013. Recently, the Registrar of Companies (ROC) imposed penalties on a company and its officers for...
TRACES 2.0: OLTAS Challan Correction for TY 26-27 Update
The Income Tax Department has confirmed an important update. OLTAS Challan Correction for Tax Year 26-27 will soon be available on TRACES 2.0. This news brings relief to many taxpayers and deductors. Until now, this correction facility was missing from the new...
Foreign Assets Information Now in AIS: Check Before Filing ITR
The Income Tax Department has added a new feature to the Annual Information Statement (AIS). Taxpayers can now find "Foreign Assets Information" under AIS >> Reports. This update matters greatly for anyone holding assets outside India. Before filing your ITR,...
FLA Filing Due Date Extended Till 31.07.2026 | RBI Update
Good news has arrived for businesses across India. The Reserve Bank of India has extended the FLA filing deadline. Companies now have until 31st July 2026 to complete their submission. This extra time offers much-needed relief to thousands of entities. What Is the FLA...
India’s IPO Market Heats Up: Latest Updates on SBI Funds, InsuranceDekho, Sotefin Bharat, and Happy Steels
India's IPO market is buzzing with activity this July. Companies of every size are stepping into the spotlight. From large financial institutions to niche manufacturers, the pipeline looks stronger than ever. This surge comes at an important time for investors. Market...
GeM TReDS Interlink: Govt’s New MSME Financing Plan
India's small businesses often wait months for payments. This delay chokes their working capital. However, a new government plan aims to fix this problem. The plan involves linking two digital platforms: GeM and TReDS. What Are GeM and TReDS? GeM stands for Government...