REGULATORY BULLETIN
CBDT Notifies Cost Inflation Index for FY 2025-26 at 376
The Central Board of Direct Taxes (CBDT), via Notification No. 70/2025 dated July 1, 2025, has officially notified the Cost Inflation Index (CII) for the Financial Year 2025-26 as "376".
Advisory regarding non-editable of auto-populated liability in GSTR-3B
Starting from the July 2025 tax period (GSTR-3B to be filed in August 2025), auto-populated tax liability in GSTR-3B will become non-editable. Taxpayers must make any necessary corrections to their outward supplies using the new GSTR-1A form before filing GSTR-3B. This form allows amendments to previously declared GSTR-1/IFF data within the same return period.
CBDT extends the due date of filing of ITRs which were due for filing by 31st July 2025.
The CBDT has extended the due date for filing Income Tax Returns (ITRs) for AY 2025–26 from 31st July 2025 to 15th September 2025. This extension is due to significant changes in the ITR forms, which require more time for system updates and utility rollouts. Additionally, TDS credits expected to reflect from early June further limited the initial filing window. The extension aims to ensure a smoother, more accurate, and compliant filing process.