Income Tax Circulars

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  News

  08 May 25

  ICAI Celebrates Accounting Standards Day to Highlight Role of Standards in preparation of Financial Statements

  Madras HC Refers GST Mismatch Dispute (26AS, GSTR-2A & ITC) to Appellate Forum as an Effective Remedy

  GSTN Postpones Invoice-wise Reporting in GSTR-7 on GST Portal for a Limited Period

  Patna HC: State GST Assessment Valid, No Procedural or Jurisdictional Flaw Found

  07 May 25

  Jharkhand HC Quashes ITAT Order on Section 40(a)(ia) Based on Overruled SC Precedent

  Andhra Pradesh Posts Record GST Revenue Collection of ?3,354 Crore in April 2025

  CBIC Issues GST Instruction 05/2025 for C&AG Audit Teams

  Advisory on Deferment of Invoice-wise Reporting Functionality in Form GSTR-7

  06 May 25

  CBDT Tightens Oversight on Top Advance Taxpayers to Boost FY26 Direct Tax Collection

  Delhi CM Calls for “Faceless” GST System to Cut Harassment and Boost Compliance

  Delhi HC Orders Unblocking of GST Credit Ledger After One-Year Lapse, Cites Rule 86A

  CBIC Sets Up Grievance Redressal Mechanism via GST Instruction No. 04/2025

  05 May 25

  CBDT Notifies New ITR-5 Form for AY 2025-26

  CBDT Releases Amended Income Tax Act, 1961 Updated by Finance Act, 2025

  CBDT Notifies New ITR-3 Form for AY 2025-26

  04 May 25

  CESTAT New Delhi: Same IGST Rate and Interest Apply to Inter-State Trade and Import Supplies

  Allahabad High Court: GST Authority Can’t Alter Stand After Verifying Goods and Invoices During Transit

  03 May 25

  GST Portal Enhances Table 12: HSN Code Reporting Now Required for GSTR-1 & 1A

  Supreme Court Questions Lower Courts on Bail Denial in GST Section 132 Case

  Aurobindo Pharma Receives GST Order for FY 2019–20 from Hyderabad Appellate Commissioner

  02 May 25

  Shri Arvind Shrivastava takes charge as Secretary, Department of Revenue, Ministry of Finance

  Reporting of HSN codes in Table 12 and list of documents in table 13 of GSTR-1/1A

  Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Sikkim

  Delhi HC: Uploading of SCN by GST Dept Under the Additional Notices Tab on Portal is Improper

  ITAT Delhi Dismisses Appeal as Assessee Opts for Settlement Under VSVS Includes Restoration Clause

  01 May 25

  Kolkata ITAT Rejects IT Dept’s Appeal, Citing Tax Dispute Below ?60 Lakh Threshold as per Cir No. 09/2024

  CBDT Releases Formats of ITR-1 and ITR-4 via Notification No. 40/2025

  Panaji ITAT Orders Reconsideration of ?1.1 Cr 80P Deduction; New Hearing for Co-op Society

  30 Apr 25

  Allahabad HC: Downloading GST E-Way Bill, Including Part-B, Mandatory for Goods Transactions After April 2018

  29 Apr 25

  Allahabad High Court: GST Orders U/S 75(6) Must Be Self-Contained, Not Just Refer SCNs

  Uttarakhand HC Quashes GST Order for Exceeding Show Cause Notice Amount

  Allahabad High Court: No GST Recovery After NCLT Clears Resolution Plan

  27 Apr 25

  Delhi High Court: GST Body Can’t Freeze Entire Bank Account During Tax Proceedings

  Delhi HC Voices Concern Over Widow’s Struggle for GST Refund from Deceased Husband’s Firm

  18% or 28% GST on Roof-Mounted Railway Air Conditioners: Delhi HC to Decide Soon

  26 Apr 25

  CESTAT New Delhi: Long-Term Manpower Supply to Hotels Liable for Service Tax

  Allahabad HC: No New Grounds Allowed Without Notice, GST Registration Restored

  ITAT Ahmedabad Restores Reassessment Case, Citing AO’s Failure to Consider Evidence on Cash Deposits

  Ahmedabad ITAT Rejects Tax Deduction Claim for Donation to Unapproved Scientific Authority

  24 Apr 25

  CBDT Rules Out Tax Relief for Penalty Settlements in SEBI, Competition Law Violations

  CBDT Brings Several Luxury Goods Under TCS Through Notification No. 35/2025

  ITAT Ahmedabad Partly Quashes PCIT’s Order for Unverified Accommodation Entry Additions U/S 263

  ITAT Raipur Quashes Reassessment for AO’s Violation of Mandatory Timeline U/S 148A(b)

  No More Nil TDS Certificates: New Tax Rule 2025

  23 Apr 25

  CBDT Amends Form 27EQ: TCS Now Applicable on Luxury Goods and Collectibles

  ITAT Bangalore: MAT Inapplicable to ‘Corresponding New Banks’ Under Section 115JB

  J&K HC: GST Liability to Be Determined Based on Tender Submission Date as per Condition No. 49

  Karnataka Ranks 2nd in GST Revenue Collection, Credits Govt Employees’ Efficiency: CM Siddaramaiah

  22 Apr 25

  5% Tax Relief for EV Buyers as Gujarat Govt Pushes Green Mobility Until Marh 2026

  Jharkhand HC: Rejection of GST Refund Claim for Statutory Pre-Deposit on Limitation Grounds is Invalid

  Allahabad HC Penalises SGST Joint Commissioner Ghaziabad in GST Demand Case

  Centre Denies Plans to Levy GST on UPI Transactions Above ?2,000 Amid Media Reports

  All News

• Due Date Reminder

  Jan	Feb	Mar	Apr	May	June
  July	Aug	Sep	Oct	Nov	Dec
  All

  10 May 25 Monthly Return by Tax Deductors for April.
  10 May 25 Monthly Return by e-commerce operators for April.
  11 May 25 Monthly Return of Outward Supplies for April.
  13 May 25 Monthly Return by Non-resident taxable person for April.
  13 May 25 Monthly Return of Input Service Distributor for April.
  13 May 25 Optional Upload of B2B invoices, Dr/Cr notes for April under QRMP scheme.
  15 May 25 E-Payment of PF for April.
  15 May 25 Payment of ESI for April
  15 May 25 Issue of TDS Certificate for tax deducted u/s 194-IA on payment made for purchase of property in March.
  15 May 25 Issue of Annual TDS Certificate for tax deducted on rent above 50,000 pm by certain individuals/HUF under Section 194-IB in March. (In case of termination of lease during the year, single TDS certificate is to be issued in 15 days from due date of deposit).
  15 May 25 Issue of TDS Certificate for tax deducted u/s 194M on certain payments by individual/HUF in March.
  15 May 25 Issue of TDS Certificate for tax deducted u/s 194S on Virtual Digital Assets in March.
  15 May 25 Details of Deposit of TDS/TCS of April by book entry by an office of the Government.
  15 May 25 Quarterly Statement of TCS for January-March.
  20 May 25 Monthly Return by persons outside India providing online information and data base access or retrieval services, for April.
  20 May 25 Summary Return cum Payment of Tax for April by Monthly filers. (other than QRMP).
  25 May 25 Deposit of GST of April under QRMP scheme.
  28 May 25 Return for April by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.
  30 May 25 ITC reversal on stocks and capital goods by person opting for Composition scheme in FY 25-26.
  30 May 25 Submission of a statement by Non-resident having a liaison office in India for FY 24-25.
  30 May 25 Deposit of TDS u/s 194-IA on payment made for purchase of property in April
  30 May 25 Deposit of TDS u/s 194-IB @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 24-25, where lease has terminated in April. (Else TDS is to be deposited on annual basis by 30 April of next year.)
  30 May 25 Deposit of TDS on certain payments made by individual/HUF u/s 194M for April.
  30 May 25 Deposit of TDS on Virtual Digital Assets u/s 194S for April.
  30 May 25 Issue of TCS certificates for January-March.
  30 May 25 Half yearly Audit Report from October to March of Reconciliation of Share Capital by Unlisted Public Companies.
  30 May 25 Annual Return of Foreign Company (Branch / Liaison /Project Office) for FY 24-25.
  30 May 25 Annual Return of Limited Liability Partnership (LLP) for FY 24-25.
  31 May 25 E-filing of Annual Return for FY 24-25 by licensed Manufacturers [including Repackers and Relabellers] and Importers. Manufacturer exporters also to file annual return for food business instead of quarterly returns earlier.
  31 May 25 Online Application by trust/instituition for exercising the option to apply income of previous year in the next year or in future. Applicable where due date of ITR is 31 Jul.
  31 May 25 Statement to accumulate income for future application u/s 10(21) or  11(1). Applicable where due date of ITR is 31 Jul.
  31 May 25 E-filing of Annual Statement of Donors & Donations received by charitable organisations u/s 80G/35 for FY 24-25.
  31 May 25 Download of Certificate of Donations/contributions for FY 24-25 from IT portal and submission of same to Donor/contributors.
  31 May 25 Quarterly statements of TDS for January- March.
  31 May 25 Quarterly statement of tax deposited in relation to transfer of virtual digital asset u/s 194S to be furnished by an exchange for the quarter January - March
  31 May 25 Return of tax deduction from contributions paid by the trustees of an approved superannuation fund during FY 24-25?.
  All Due Date

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