CBDT – smeaccountant

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Tax Bar Association Bhilwara Requests CBDT to Extend Tax Audit and Forms 10B/10BB Deadline

Tax Bar Association Bhilwara has formally requested the CBDT to extend the due date for AY 2026-27 tax audits and Forms 10B/10BB to October 31, 2026.

Prasenjit Bhowmik September 15, 2026

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C&AG Flags Errors in Taxation of Unexplained Transactions – Sections 68 to 69D & 115BBE

Discover how the CAG audit exposes critical gaps in taxing unexplained income and assets under Sections 68 to 69D and 115BBE.

Prasenjit Bhowmik August 23, 2026

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Form 48: Accountant’s Report for International & Specified Domestic Transactions

Learn how the new Form 48 streamlines transfer pricing disclosures and compliance for your international and specified domestic transactions.

Prasenjit Bhowmik August 22, 2026

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CBDT Introduces Form 49 for Simplified Electronic Safe Harbour Applications Starting April 2026

The Central Board of Direct Taxes (CBDT) has announced the upcoming introduction of a unified tax document designated as Form 49, effective April 1, 2026. This new administrative instrument replaces…

Prasenjit Bhowmik August 14, 2026

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CBDT Introduces Form 48 for International and Specified Domestic Transactions

Discover how the new CBDT Form 48 streamlines transfer pricing disclosures and compliance for international and domestic corporate transactions.

Prasenjit Bhowmik August 12, 2026

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Article Highlights Possible Section 54F Computation Issue in AY 2026-27 ITR Utility Under Amended Section 112

Tax professionals and digital forums have recently identified a potential technical discrepancy within the income tax return preparation software for the upcoming assessment cycle. According to reports, the issue specifically…

Prasenjit Bhowmik August 1, 2026