Tag: income tax returns
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…
CBDT chief says 88 per cent of individual taxpayers have opted for new tax regime
New Delhi: As many as 88 per cent of individual taxpayers have moved to the new tax regime and the government is not thinking of…
Over 15 lakh revised ITRs filed for current AY: CBDT
New Delhi, Over 15 lakh taxpayers have filed a revised return for the current assessment year 2025-26, the income tax department said on Tuesday. The…
CBDT flags bogus claims on political and charitable donations
New Delhi: The Central Board of Direct Taxes Saturday said it has found widespread misuse of tax deductions linked to political donations and charitable contributions…
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)…
Income-Tax Department detects ₹700 crore in fraudulent exemption claims
New Delhi: The Income-Tax Department has detected a large number of fraudulent exemption claims by taxpayers and has incorporated additional risk assessment in processing of…
ITR filing last date NOT extended: Income Tax Department debunks fake news
The Income Tax Department on Sunday dismissed claims about extending the deadline for filing Income Tax Returns beyond September 15. Addressing the fake news being…
Income tax payers wishlist for Budget 2025: More benefits in new tax regime, higher HRA, other reliefs in old tax regime
It is the Budget season again! It is a pivotal time for businesses and individuals who anticipate changes in policies, income tax and spending. For…