Daily Latest News
New Delhi: The Central Board of Direct Taxes on Friday said that it regularly receives detailed financial data under global tax cooperation frameworks, including the Automatic Exchange of Information (AEOI) with over 100 jurisdictions, including Switzerland, which it uses to verify ITRs filed by Indian taxpayers. As a result, a total of 24,678 taxpayers reviewed…
CA Sunil Kumar Jain14 minutes ago Copy link If your income comes under the purview of the tax slab, then you need to fill the Income Tax Return (ITR). Often people miss the ITR. This increases the possibility of getting income tax notice. Revised ITR filling can be fined. This time the last date for…
common mistakes you must avoid while filing ITR in Source link [ad_3]
No news Business Now You Can File ITR, Income Tax Department Has Released ITR 1 And ITR 4 Forms, You Can File Return Till September 15 New Delhi4 minutes ago Copy link The Income Tax Department has released the Excel Utility version of ITR-1 and ITR-4 forms for Financial Year 2024-25 or Assessment Year 2025-26….
Here’s a relief for taxpayers – the Central Board of Direct Taxes (CBDT) has extended the last date for filing income tax returns (ITRs) for the assessment year 2025–26. The earlier deadline of July 31, 2025 has now been pushed to September 15, 2025. WHY DID THE CBDT EXTEND THE ITR DEADLINE? The main reason…
Quick Reads Summary is AI generated, newsroom reviewed. Filing ITR is crucial for salaried employee, business owner and freelancer. But do keep in mind the deadlines for various categories of taxpayers. Filing your ITR on time saves you from late fees, interest, and scrutiny notices New Delhi: Filing your Income Tax Return (ITR) is an…
New Delhi: The Central Board of Direct Taxes (CBDT) recently notified the income tax return forms ITR-1 and ITR-4 for the financial year 2024-25 and the assessment year 2025-26. The returns for incomes earned during the financial year from April 1, 2024, to March 31, 2025, have to be filed using the new forms. CBDT…
Last Updated:May 05, 2025, 11:41 is It is necessary to understand the various forms of ITR as filing income tax returns (ITRs) can be a daunting task if you are not aware of the right form for your income type. ITR Filing 2025. Income Tax Return is 2025-26: Even as the finance ministry has notified…
Last Updated:February 02, 2025, 14:02 IST Though there is a standard deduction of Rs 75,000 under new tax regime, there are no deductions available for investments under this regime. It means if income exceeds Rs 12.75 lakh in FY 2025-26, tax will be applicable on the entire income and no deductions…Read More Know Comparison Between…
New Delhi: The Union Budget on Saturday announced a 19 per cent increase in the Budget Estimates for the Ministry of Textiles for 2025-26 at Rs 5,272 crore over budget estimates of Rs 4,417.03 crore in 2024-25. According to the Ministry of Textiles, to address the challenges of stagnant cotton productivity, the Union Budget has…