Income Tax Audit Report Deadline Extended to October 31, 2025
The Central Board of Direct Taxes (CBDT) has extended the due date for filing the income tax audit report for the previous year (FY 2024-25) to October 31, 2025. Earlier, it was scheduled for September 30, 2025. This change in deadline will be beneficial for the assessees referred in explanation 2 (clause a) to section […]
Tax Benefits for job creators: Exploring the power of section 80JJAA
If growing a business is on your mind, here’s an often-overlooked tax gem that not only saves money but also propels economic progress. The idea is straightforward but effective: the government will reduce 30% of your business taxes if you recruit new staff and create actual jobs. Let’s examine how it operates, who is eligible, […]
