MANISH MALHOTRA & ASSOCIATES (2M)

Income Tax SAKSHAM NUDGE Campaign: 63,000 Restaurants Asked to Update Tax Returns The Income Tax Department has launched the SAKSHAM NUDGE Campaign after detecting possible tax evasion patterns in the Food & Beverage sector. Using advanced artificial intelligence and analytics tools, authorities examined transactional data from thousands of restaurants and identified significant discrepancies between actual sales and income reported in tax returns. The campaign aims to encourage voluntary compliance by prompting businesses to correct errors by filing Updated Returns under Section 139(8A) of the Income Tax Act . Official Press Release Income tax Department carries out nation-wide verification exercise on restaurants suppressing turnover IT Department conducted a nationwide survey on 8th March 2026 on 62 restaurants across 46 cities in 22 States, revealing suppression of sales of around Rs. 408 crore IT Department continues to emphasise voluntary compliance and a ...

Union Budget 2026: Key Expectations, Policy Signals, and Sector-wise Outlook The Union Budget 2026, scheduled to be presented on 1st February, arrives at a crucial juncture for India’s economy. With global uncertainties, currency pressures, rapid technological shifts, and rising consumer expectations, this Budget is expected to focus less on populist announcements and more on structural reforms, execution efficiency, and long-term sustainability.    From taxpayers to startups, from defence to green energy, here is a detailed and forward-looking analysis of what stakeholders expect from the Union Budget 2026.   Key Expectations from Union Budget 2026 1. Income Tax: Stability with Targeted Relief After the significant increase in the  basic exemption limit to ₹12 lakh under the new tax regime  in the previous Budget, experts do not anticipate major changes in tax slabs this year. However, the government is expected to: Continue  strengthening the new tax regi...

  Assessment Year 2025-26 के आयकर आँकड़े : रिकॉर्ड तोड़ ITR दाख़िल! भारत में टैक्स अनुपालन लगातार नई ऊँचाइयों को छू रहा है। वित्तीय वर्ष 2024-25 (आकलन वर्ष 2025-26) के लिए आयकर विभाग ने 19 सितम्बर 2025 तक के आँकड़े जारी किए हैं। अब तक के मुख्य आँकड़े (As on 19th September 2025) 👥 13.48 करोड़ पंजीकृत उपयोगकर्ता (Registered Users) 📝 7.55 करोड़ आयकर रिटर्न दाख़िल (ITR Filed) ✅ 6.73 करोड़ रिटर्न सत्यापित (ITR Verified) ⚡ 4.67 करोड़ सत्यापित रिटर्न पहले ही संसाधित (Processed) ITR दाख़िल करने की अंतिम तिथि (u/s 139(1)) साधारण करदाताओं (Non-Audit Cases) के लिए ITR दाख़िल करने की अंतिम तारीख 16 सितम्बर 2025 थी। किसे दाख़िल करना था रिटर्न? जिनकी आय बुनियादी छूट सीमा से अधिक है। जिन्होंने विदेशी संपत्ति/खाता रखा है। जिनके बड़े वित्तीय लेनदेन हुए हैं (शेयर, म्यूचुअल फंड, प्रॉपर्टी आदि)। जिन्हें हानि (Loss) को आगे ले जाना है। अगर आपने डेडलाइन मिस कर दी तो? घबराइए मत, आपके पास अब भी विकल्प हैं: बिलेटेड रिटर्न – धारा 139(4) कब तक? 31 दिसम्बर 2025 तक।...

PAN Card Online in 5 Minutes | Download e pan🪪 Instant e-PAN: Get your PAN card online in just 5 minutes! Download your e-PAN from the Income Tax Department website using your Aadhaar number. The Instant e-PAN service is available to all Individual taxpayers, who have not been allotted a Permanent Account Number (PAN) but possess Aadhaar. This is a pre-login service, where you can: Obtain digitally signed PAN in electronic format, free of cost, with the help of Aadhaar and your mobile number linked with Aadhaar,  Update PAN details as per Aadhaar e-KYC,  Create e-Filing account based on e-KYC details after allotment / updation of PAN, and Check status of pending e-PAN request / Download e-PAN either before or after logging in to the e-Filing portal. Generate New e-PAN: Visit the official income tax e-filing website. Click on “Instant e-PAN.” On the e-PAN page, select “Get New e-PAN.” Enter your 12-digit Aadhaar number, confirm, and proceed12. Note: If the Aadhaar is already l...