Income Tax 6 September 2026
India Tax Updates: New Regime, Crypto Notices, Audit Deadlines
The 2025‑26 budget lifts the tax‑free threshold to ₹12.75 Lakh under the new regime, while crypto earnings omitted from ITR may trigger notices. Audit limits jump to ₹10 cr and the ITR filing deadline for audit‑required taxpayers is set for October 31. Additional rulings extend filing dates for LLP‑act audits and clarify refund and service‑tax disputes.
Key India tax developments
- Budget 2025‑26 exemption: Individuals earning up to ₹12.75 Lakh are tax‑free under the new regime. Read more
- Crypto filing alert: Missing digital‑asset income in the 2026 ITR can lead to tax notices. Details
- Audit limit rise: Mandatory audit threshold increased to ₹10 cr; new situations may also require audit. Source
- ITR deadline: Taxpayers needing an audit must file by Oct 31. Same source as above.
- LLP audit extension: LLP‑act audited entities qualify for extended filing under s 139(1). Read
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