Tag: income tax returns
Your Money: Afraid you’ll miss the tax deadline? Don’t be.
The word tax evokes a sense of lethargy and urgency almost simultaneously. With the introduction of the new tax regime, the focus of investment planning…
Financial planning: Received your Income Tax Refund? Here is how to make the most of it
July is when most salaried individuals file their Income Tax Returns (ITRs). The last date for filing ITR for individuals who don’t need an audit…
Over 1.7 cr ITRs filed for AY 2026-27: I-T deptt
New Delhi: Over 1.7 crore I-T returns have been filed for 2025-26 financial year so far, the Income Tax Department said on Saturday. The last…
Foreign tax data to be included in Form 26AS
New Delhi: The Central Board of Direct Taxes (CBDT) has directed that financial account information received from overseas tax authorities be included in taxpayers’ Form…
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…