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Mumbai: As the extended deadline for income tax return (ITR) filing ends on Monday, filers are hurrying to comply, with more than 1 crore returns anticipated on the final day. As of now, 6.29 crore returns have been filed for the assessment year (AY) 2025–26. Last year, ITR filings grew 7.5 per cent year-on-year, and…
New Delhi: The Income Tax Department announced that over 6 crore income tax returns (ITRs) have already been filed for Assessment Year (AY) 2025-26, thanking taxpayers and professionals for helping cross the milestone. “Thank you taxpayers & tax professionals for helping us reach the milestone of 6 crore Income Tax Returns (ITRs) as of now…
Income Tax ITR Filing Due Date Extension: With the deadline to file income tax returns (ITRs) for FY 2024-25 just hours away, many taxpayers are facing glitches on e-filing platforms, making the last-minute process more stressful. Some taxpayers reported trouble in downloading the form 26AS while others stated that the website was taking too long…
New Delhi: Weddings in India are vibrant celebrations, brimming with music, rituals, lavish meals, and generous gifts. Whether it’s cash-filled envelopes, gold jewellery, or even a bank transfer, giving and receiving gifts is an age-old tradition that adds to the joy of the occasion. But while these tokens of love are cherished by families, the…
New Delhi: The government has officially notified the Income Tax Act, 2025, which consolidates and amends the income tax law provisions, replacing the over six-decade-old Income Tax Act, 1961. The Act received the President’s assent on August 21, according to a gazette notification issued by the Ministry of Law and Justice. Will Your Tax Slab…
New Delhi: The government has officially notified the Income-tax Act, 2025, which consolidates and amends the existing income tax law, replacing the over six-decade-old Income Tax Act, 1961. The Act received the President’s assent on August 21, according to a gazette notification issued by the Ministry of Law and Justice. The new simplified Act, which…
Last Updated:July 31, 2025, 14:25 is As of 2:20 pm on Thursday, shares of Nuvama Wealth Management were trading 1.74% lower at Rs 7,279 apiece. Nuvama is the on-ground trading partner of Jane Street in India. The income tax department is conducting surveys at the premises of Nuvama Wealth Management and Jane Street in Mumbai,…
New Delhi: If you have no taxable income, you might wonder if you need to file your Income Tax Return (ITR) as the deadline for assessment year 2025–26 (now 15 September 2025) approaches. The simple answer: Filing your ITR, even with zero tax, has important long-term advantages. Here’s why you should file your ITR even…
New Delhi: If you missed investing in tax-saving options like ELSS, PPF, or five-year fixed deposits for the financial year 2024-25, you can still lower your taxes or claim a refund for any extra tax paid when filing your income tax return. Here’s how Section 80C can help and what else you should know: Section…
New Delhi: Many taxpayers delay filing their income tax returns (ITRs) until the last moment, causing delayed refunds, avoidable stress, and potential penalties. Despite the simplification of the process over the years, procrastination remains common. Why delays happen Taxpayers wait for updated ITR forms and filing utilities, which usually release after the financial year ends….