“The issue is not merely of convenience but of audit quality” – Representation for Early Extension of the Tax Audit Report filing Due Date Extension by THE TAX TALK   BY EMAIL / SPEED POST To, Respected Smt. Nirmala Sitharaman ji Finance Minister Government of India North Block, New Delhi – 110001. Email: nsitharaman@nic.in Subject:…

Section 147A: Supreme Court Steps In — What Does It Mean for Reassessment Proceedings?     The controversy surrounding the jurisdiction of the Assessing Officer to issue reassessment notices under Sections 148 and 148A of the Income-tax Act, 1961, has now reached the Supreme Court in a significant manner. The Punjab & Haryana High Court,…

Section 277: When a False Tax Statement Becomes a Criminal Offence False verification, mens rea, prosecution, compounding – and the major change under Section 482 of the Income-tax Act, 2025 A mistake in an income-tax return may result in additional tax, interest or penalty. But a knowingly false statement can go much further – it…

CBDT Removes Arrest & Detention from Tax Recovery Rules; Extends Registration Deadline for Valuers   The TAX Update The Central Board of Direct Taxes (CBDT) has introduced important changes to the Income-tax Rules, 2026, covering tax recovery proceedings, registration of valuers and authorised income-tax practitioners, and the information required from professionals seeking registration. The amendments…

Representation for extension of the specified date for furnishing Tax Audit Reports u/s 44AB and other audit reports for AY 2026-27 from 30 September 2026 to 31 October 2026, and of the return due date in audit cases from 31 October 2026 to 30 November 2026   Ref. No.: BVGF/CBDT/2026-27/001 BY EMAIL AND SPEED POST…