Crucial Compliance Updates: PAN, ITR, and NPO Reporting News

  • Higher Tax Deduction/Collection for Inoperative PANs: There's a new update on higher tax deduction/collection at source for inoperative PANs, with important relief for deductors and collectors. It's a key change to be aware of! View Circular Details
  • CBDT Extends Time to Process Invalid ITRs: Great news for taxpayers! The deadline to process electronically filed income tax returns that were declared invalid has been extended until March 31, 2026. This brings much-needed relief for many. Read about the ITR Extension
  • ICAI Shares Standard Financial Statement Format for NPOs: The ICAI has released a new, standardized format for financial statements specifically for Non-Profit Organizations (NPOs). This is a helpful step towards clearer financial reporting. View New Format

Have a compliance question? Don't hesitate to post your queries on the forum. Our community is here to help you navigate any compliance-related issues! Ask your question on the forum. You can also ask us on WhatsApp.

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People’s Alliance for Trust & Transparency in CSOs

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