Tag: assessment year 2025-26
Posted in Economy
Govt flags backlog of 24.6 lakh ITRs pending beyond 90 days
New Delhi: Over 24.64 lakh income tax returns are pending for processing for more than 90 days, out of about 8.80 crore ITRs filed for…
Posted in Economy
Income Tax dept identifies cases of non-disclosure of foreign assets in ITRs, to start sending SMS/emails
The Income Tax department on Thursday said it has identified “high-risk” cases where individuals have not reported foreign assets in the income tax returns (ITRs)…
Posted in Economy
CBDT retains tolerance level of transfer pricing at 1% for AY 2025-26
The Central Board of Direct Taxes (CBDT) has retained the tolerance range for transfer pricing at 1% for wholesale trading and 3% for other transactions…