B&B Tax

07/10/2025

Today 7th October, 25 is LAST date to deposit TDS/TCS for the month of September, 25

21/09/2025

Brief Note on Renewal of 12A and 80G as per Finance Act 2020 and Finance Act 2025
All Charitable and Religious Entities registered under Income Tax Act are required to apply for RENEWAL of registration by 30th September, 2025. Existing registration of 12A and 80G set to expire on 31st March, 2026(AY 2026-27). In case of non-renewal, the asserted income (the fair market value of all its assets minus liabilities) shall become liable to tax at MAXIMUM marginal rate (MMR) U/S 115TD of Income Tax Act.
It may be noted that the Finance Act, 2025 inserted a proviso increasing the period of validity of registration from 5 years to 10 years for small entities whose total income/receipt does not exceed Rs 5 Crore in the proceeding 2 years prior to the year in which application to be made.

However there is no clarity, how they will be validated for 10 years. Whether entities have to apply or department will do themselves.

But in absence of any clarity or circular, it is suggested to made application for renewal.
Enclosures Required for Renewal Applications:-
The following documents must be kept ready for uploading along with the application:
(A) Mandatory Documents
1. Registration Certificate / Trust Deed / Society Registration Certificate (depending upon the entity).

2. PAN card of the trust/society/institution.

3. Audited financial statements (Balance Sheet, Income & Expenditure A/c, and Receipts & Payments A/c) for the last 3 years, if applicable.

4. Activity Report for the last 3 years (highlighting charitable/religious activities).

5. Details of trustees / members of the Governing Body (Name, PAN, Aadhaar, Designation, Address, Contact).

(B) Additional Enclosures (if applicable)
6. Order granting existing 12A / 80G registration/approval.

7. Annual Reports / Brochures / Photographs of activities.

8. Note on ongoing and proposed activities.

9. Self-certified declaration regarding compliance with conditions laid down under Section 12A/80G.

4. Points to Note
● Ensure that the trust/institution’s objects remain charitable and no amendments have been made contrary to law.

● All financials and reports should be signed and certified.

Compiled by team B & B Tax
For any queries feel free to call or WhatsApp at
91-9810762660 OR 91-9540721079 or mail at [email protected]

16/09/2025

KIND ATTENTION TAXPAYERS!

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.

14/09/2025

Today is second LAST day to file ITR. Please file to save PENALTY and eligibility to C/F loss if any!!
🙏🙏

05/09/2025

02/09/2025

Compliance Calendar September-2025 by Team B & B TAX
91-9810762660
Date ACT Particulars
07/09/2025 I Tax Payment of TDS/TCS for August-2025.
10/09/2025 GST GSTR-7- GST TDS Return for the month of August -2025
10/09/2025 GST GSTR-8 Monthly Return by E-commerce for August -2025
11/09/2025 GST GSTR-1 for August ne -2025 (Monthly other than QRMPS)
13/09/2025 GST Optional IFF for August -2025 (under QRMPS)
13/09/2025 GST GSTR-5 for Non-resident person.
13/09/2025 GST GSTR-6 for Input Service Distributer (ISD) for the month of August -2025
14/09/2025 I Tax Issue of TDS Certificate 16B, 16C, 16D and 16E for the month of July -2025
15/09/2025 I Tax Form-24G TDS/TCS for the month of August -25 of Gov. without production of Challan.
15/09/2025 I Tax Extended Last Date for Filing of ITR for Non-Audit cases
15/09/2025 I Tax Exercising option to OPT OUT for the new tax regime U/S 115BAC, 115BAD and 115BAE (If due date was 31st July-25)
15/09/2025 I Tax Form 89 and 89A for claiming RELIEF
15/09/2025 I Tax 2nd Instalment of Advance Tax for the A Y 2026-27
15/09/2025 PF PF & ESI Payment for the month of August -2025
15/08/2025 P.Tax Professional Tax (If Applicable) for the month of August -2025
20/09/2025 GST GSTR-3B of August -25 for monthly filing taxpayers
25/09/2025 GST PMT-06 Payment of GST under QRMPS.
30/09/2025 I Tax Filing Statement U/S 194IA, 194IB, 194S and 194M for the month of August -2025
30/09/2025 I Tax Due date for filing Audit Report (TAX AUDIT) U/S 44AB.
30/09/2025 I Tax Due date for Form 10B/10BB
30/09/2025 I Tax Form 3AC, 3AD and 3AE for claiming deduction U/S 33AB, 33ABA, 35D(4) and 35E(6).
30/09/2025 I Tax Form-9A-“Application in Form 9A for exercising the option available under Explanation to Section 11(1) to apply income of previous year in the next year or in future (if the assessee is required to submit return of income on November 30, 2025).”
30/09/2025 I Tax Form-10-“Statement in Form no. 10 to be furnished to accumulate income for future application under Section 10(21) or Section 11(1) (if the assessee is required to submit return of income on November 30, 2025)”

Compiled by team B & B Tax
For any queries feel free to call or WhatsApp at
91-9810762660 OR 91-9540721079 or mail at [email protected] OR [email protected]

02/08/2025

Compliance Calendar August-2025 by Team B & B TAX
91-9810762660
Date ACT Particulars
07/08/2025 I Tax Payment of TDS/TCS for July-2025.
10/08/2025 GST GSTR-7- GST TDS Return for the month of July -2025
10/08/2025 GST GSTR-8 Monthly Return by E-commerce for July -2025
11/08/2025 GST GSTR-1 for July ne -2025 (Monthly other than QRMPS)
13/08/2025 GST Optional IFF for July -2025 (under QRMPS)
13/08/2025 GST GSTR-5 for Non-resident person.
13/08/2025 GST GSTR-6 for Input Service Distributer (ISD) for the month of July -2025
14/08/2025 I Tax Issue of TDS Certificate 16B, 16C, 16D and 16E for the month of June -2025
15/08/2025 I Tax Form-24G TDS/TCS for the month of July-25 of Gov. without production of Chalan.
15/08/2025 I Tax Download of FORM 16A for 1st Quarter
15/08/2025 PF PF & ESI Payment for the month of July -2025
15/08/2025 P.Tax Professional Tax (If Applicable) for the month of July -2025
20/08/2025 GST GSTR-3B of July -25 for monthly filing taxpayers
25/08/2025 GST PMT-06 Payment of GST under QRMPS.
30/08/2025 I Tax Filing Statement U/S 194IA, 194IB, 194S and 194M for the month of July -2025
31/08/2025 I Tax Form-9A-“Application in Form 9A for exercising the option available under Explanation to Section 11(1) to apply income of previous year in the next year or in future (if the assessee is required to submit return of income on October 31, 2025).”
31/08/2025 I Tax Form-10-“Statement in Form no. 10 to be furnished to accumulate income for future application under Section 10(21) or Section 11(1) (if the assessee is required to submit return of income on October 31, 2025)”

Compiled by team B & B Tax
For any queries feel free to call or WhatsApp at
91-9810762660 OR 91-9540721079 or mail at [email protected] OR [email protected]

31/07/2025

Important Update for Taxpayers

The Income Tax Department has now enabled the facility to file Updated Returns for the following assessment years:
• AY 2021–22
• AY 2022–23

This applies to individuals filing ITR-1 and ITR-2.

This is a crucial opportunity for taxpayers who may have:
• Missed reporting certain income
• Made errors in earlier filings
• Claimed incorrect deductions
• Failed to file the return altogether

Filing an updated return ensures compliance with tax laws and helps avoid future scrutiny or penalties.

As finance professionals, it’s important we keep our clients and networks informed about such windows for correction and compliance. If you or someone you advise needs to revise past returns, now is the time to act.

For any clarification or guidance on the process, feel free to connect.

22/07/2025

CBDT Intensifies Crackdown on Fraudulent Deductions in ITRs
On 14th July 2025, the Income Tax Department initiated a comprehensive verification drive across 150+ locations, exposing widespread misuse of tax provisions under sections like 10(13A), 80C, 80G, 80EE, and others.
Backed by AI analytics, third-party data, and intelligence inputs, the Department has uncovered organized networks involving ITR preparers and intermediaries filing fictitious deductions and inflated TDS claims—often using temporary email accounts and luring taxpayers with refund promises.
Nearly ₹1,045 crore worth of false refund claims have already been reversed through voluntary compliance efforts. However, legal proceedings, including penalties and prosecution, are now being pursued against non-compliant entities.
This move underscores the government’s commitment to data-driven enforcement, accountability, and tax integrity. Professionals advising clients must stay vigilant, educate taxpayers on risks, and ensure accurate, well-documented returns.