« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  Tax base will not exceed 50 million: Revenue dept... Move from dual-VAT to national level GST: PwC official... » I-T form altered to seek more info August, 19th 2006 The income tax department has made changes to Form No 3CD to seek more information regarding expenses incurred in relation to exempt income and instances where tax has not been deducted, deducted late or short deducted. Form No 3CD is prescribed under Income-Tax Rules, 1962, for audit report in respect of the accounts of any specified person carrying out a business or profession. An official release said a new item 12A had been inserted to seek information regarding a capital asset converted into stock in trade. Similarly, a new sub-item 17(l) has been inserted to capture information regarding expenses incurred in relation to exempt income which is disallowable under section 14A of the Income-Tax Act, 1961. Similarly, item 27 has been substituted to elicit information regarding instances where tax has not been deducted, deducted late or short deducted or tax deducted but not paid to the central government account. A separate annexure — II had been added to Form No 3CD to incorporate “data-field” regarding fringe benefit tax introduced by the Finance Act, 2005 with effect from Assessment Year 2006-07, the release said.