Sharvan & Associates

01/02/2026

Welcome to Sharvan & Associates Real-Time Updates on Union Budget 2026

29/10/2025

The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Act for the Assessment Year 2025-26, which is 31st October 2025 in the case of assessees referred in clause (a) of Explanation 2 to sub-Section (1) of Section 139 of the Act, to 10th December 2025.

The 'specified date' of furnishing of the report of audit under the provisions of the Income-tax Act, 1961, for the Previous Year 2024-25 (Assessment Year 2025-26) is further extended to 10th November 2025.

16/10/2025

The Ministry of Corporate Affairs (MCA), vide General Circular No. 05/2025 dated 15th October, 2025, has extended the timeline for filing Form DIR-3 KYC and DIR-3 KYC Web without payment of additional fees.

🗓️ New deadline: 31st October, 2025

29/09/2025

Extension for filing e-forms DIR-3-KYC and web-form DIR-3-KYC-WEB without fee upto 15.10.2025.

25/09/2025

The Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing various audit reports for the Previous Year 2024–25 (Assessment Year 2025–26), from 30th September 2025 to 31st October 2025, for assessees referred to in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act.

15/09/2025

The due date for filing of Income Tax Returns (ITRs) for AY 2025-26, originally due on 31st July 2025, was extended to 15th September 2025.

The Central Board of Direct Taxes has decided to further extend the due date for filing these ITRs for AY 2025-26 from 15th September, 2025 to 16th September, 2025.

To enable changes in the utilities, the e- filing portal will remain in maintenance mode from 12:00 AM to 02:30AM on 16th September 2025.

03/09/2025

GST Council recommends operationalisation of Goods and Services Tax Appellate Tribunal (GSTAT) for accepting appeals before end of September and to commence hearing before end of December 2025

03/09/2025

Hon’ble Prime Minister Shri announced the Next-Generation GST Reforms in his Independence Day address from the ramparts of Red Fort.

Working on the same principle, the GST Council has approved significant reforms today.

These reforms have a multi-sectoral and multi-thematic focus, aimed at ensuring ease of living for all citizens and ease of doing business for all.

02/07/2025

30/05/2025

The Excel Utility for ITR-1 and ITR-4 for AY 2025-26 has been enabled and is now available for taxpayers.

27/05/2025

Individual Taxpayers are not able to file ITR

The Government has notified almost all Income Tax Return (ITR) forms applicable to Individual Taxpayers for the financial year 2024–25 (assessment year 2025–26), yet taxpayers are still unable to file their returns for this period. This is not due to a lack of preparedness on the parts of Taxpayers or professionals, but because the Income Tax Department has not yet released the e-filing utilities for these forms for the Assessment year 2025-26.

10/01/2025

Due Date for filling GSTR-1 and GSTR-3B have been extended by two days. For details, Please refer to the notification number 01/2025 and 02/2025 dated 10.01.2025 issued by CBIC.