KGS - AN ALLIANCE OF ICAI

Company Law Labour Law FEMA Income Tax GST Compliance

Income Tax Notifications

INCOME TAX ALERT

Compliance relating to filing of Income tax return

Form: ITR 3/ ITR 5/ ITR 6 (as the case may be)

Deadline: 10th December 2025 (For Companies having 31st October 2025 as original return filing due date – extension of due date made by the Income-tax department)

Why should we file?

Assessees for whom the original due date for filing the tax return was 31st October 2025 (refer clause (a) of Explanation 2 to section 139(1)) – based on extension circular issued by Income-tax department

TAKEAWAY

File your ITR accurately by the extended due date to avoid interest and penalties. Ensure all income sources, deductions, and TDS are correctly reported and verified before submission.
Please note that for Assessees covered by clause (aa) of Explanation 2 to Section 139(1), there is no extension of due dates – continues to be 30th November 2025.

INCOME TAX ALERT

Compliance relating to filing of tax audit report

Form: 3CA - 3CD

Deadline: 10th November 2025 (For Assessees having 30th September as the original tax audit due date – extension of due date made by the Income-tax department)

Why should we file?

Assessees for whom the due date for filing the tax audit report was 30th September 2025 (refer clause (a) of Explanation 2 to section 139(1)) – based on extension circular issued by Income-tax department.

TAKEAWAY

Ensure timely filing of the Tax Audit Report in Form 3CA and 3CD within the extended due date, maintain accurate books, reconcile GST/TDS, and avoid penalties up to ₹1.5 lakh for non-compliance.
Please note that for Assessees covered by clause (aa) of Explanation 2 to Section 139(1), there is no extension of due dates – continues to be 31st October 2025.

INCOME TAX ALERT

Claiming of foreign tax credit

Form for claiming the credit of taxes paid in foreign countries

Form: 67

Deadline: 31st March 2026 (as per Rule 128) – for AY 2025-26

Why should we file?

Companies which have paid Income-taxes in foreign countries to file this Form for claiming the credit of taxes paid in order to avoid double taxation.

TAKEAWAY

Treat Form 67 as part of your global tax strategy - early filing ensures seamless credit. Delay in filing could lead to double taxation.

INCOME TAX ALERT

Form of obtaining Employee cost deduction

Ensure to file the Form for claiming the deduction of additional employee cost

Form: 10DA

Deadline: 31st October 2025

Who should file

To be filed by Companies claiming deduction under section 80JJAA of the Income-tax Act in respect of the additional employee cost during the FY 2024-25

TAKEAWAY

Form 10DA is your ticket to claiming this valuable employment-linked deduction. Filing within due date is important to avoid litigations with Income-tax department.

INCOME TAX ALERT

Form for reporting the TDS deducted and paid

Ensure to file the TDS return for the Q2 (July to September) reporting the TDS deducted and paid during this period

Form: Form 24Q (salary), Form 26Q (non-salary), Form 27Q (non-resident)

Deadline: 31st October 2025

Who should file?

To be filed by assesses who have deducted the taxes for July to September and should do the reporting of the same

TAKEAWAY

Reconcile challans and PANs before filing - Mismatches can lead to defaults in filing of TDS returns resulting in tax and interest liability and requirement to file correction statements

INCOME TAX ALERT

Form for reporting the TCS collected and paid

Ensure to file the TCS return for the Q2 (July to September) reporting the TCS deducted and paid during this period

Form: Form 27EQ

Deadline: 15th October 2025

Who should file?

To be filed by assesses which have collected taxes between July to September 2025

TAKEAWAY

Ensure your ERP flags TCS-eligible transactions at source to simplify quarterly filings. Mismatches in filing could result in delayed credit to the collectees.

INCOME TAX ALERT

Form for intimation of constituent entity

Ensure to intimate the Income-tax department about the constituent entity in the group

Form: Form 3CEAB

Deadline: 30 days prior to Form 3CEAA reporting

Who should file?

MNEs that have multiple constituent entities in India to inform the Income Tax authorities which single entity from the group will file the Master File (Form 3CEAA) on behalf of all the others

TAKEAWAY

Designate your reporting entity in advance—Form 3CEAB is a pre-condition for valid TP reporting