Good news: Income tax return filing due date extended again by tax deptITR Filing Last Date Extended: The Ministry of Finance has extended the ITR filing due date again to September 16, 2025. While initially th...
Income Tax Filing Deadline: Excel utilities for filing updated returns in ITR-5, ITR-6, ITR-7 now available on Income Tax Department’s websiteThe Income Tax Department has released Excel Utilities for updated returns. These are for ITR-5, ITR-6, and ITR-7 forms. This applies to As...
Section 87A tax rebate can be claimed for short term capital gains income under new tax regime, rules ITAT AhmedabadIn a significant win for taxpayers, the ITAT Ahmedabad has ruled that Section 87A tax rebate is applicable on short-term capital gains (STC...
Waiting for pending old ITR? You may soon get ITR refund or income tax demand notice as CBDT extends the deadline till November 30, 2025Income tax: The Income Tax Department will process pending ITRs for AY 2023-24 (FY 2022-23) by November 30, 2025, potentially leading to ta...
India's forex reserves drop by $1.31 bn to $656.58 bn as of Nov 22India's forex reserves declined by $1.31 billion to $656.582 billion for the week ending November 22. This decrease was primarily due to a ...
Crorepati income tax return filers soar 5 times in 10 years; check who has to file ITRITR filing: The count of people declaring taxable earnings exceeding Rs 1 crore in their tax filings surged from 44,078 in the assessment y...
ITR filing last date: Will there be any extension of the income tax return filing deadline?ITR filing last date: The deadline to file your income tax return (ITR) for the financial year (FY) 2023-24 is July 31, 2024. The income ta...
Taxpayers, check ITR portal NOW: Pending tax demand of up to Rs 1 lakh per individual waived by govtIncome tax outstanding demand: The Central Board of Direct Taxes (CBDT) has stated via a order that the income tax department has started w...
Pending income tax refunds relating to AY 2021-22 would be processed by this date; check email for confirmationIncome tax refund: The Central Board of Direct Taxes (CBDT) has said that individuals who are still waiting to get their tax refund for FY ...
These individual taxpayers will get old income tax refund by January 31, 2024Income tax department has passed an order stating that individuals who had filed ITRs for AY 2018-19 (FY 2017-18), AY 2019-20 (FY 2018-19) ...
E-filing of updated ITR enabled for ITR 2, 3 for AYs 2020-21, 2021-22The income tax portal now allows the filing of updated ITRs (also known as ITR-U) for ITR forms 2 and 3 for the tax years 2020–21 and 2021–...
China reports spurt of Delta strain 'sub-lineage' cases of COVID-19China has reported a sudden flare-up of COVID-19 cases in Zhejiang Province which registered 138 locally-transmitted confirmed cases stated...
Pay-for-News war cry reaches MS, EUMicrosoft and European publishers join hands to negotiate with Big Tech platforms
Government orders quick issue of IT refunds under Rs 50,000According to government data, over Rs 5,400 crore is locked in pending refunds, which has become a major grievance for taxpayers.
JD(U) legislature party meet illegal, not quitting: Jitan Ram ManjhiThe right to call a legislature party meeting rests with leader of the legislature party. The notice of meeting called on February 7 is not...
- Present tense
Don’t be overjoyed if you get a huge monetary gift from your friend. If the aggregate amount received from ‘unrelated parties’ exceeds Rs 5...
- I-T to tighten noose on cash gifts
Individuals who have escaped paying income-tax over the last two-and-a-half years by splitting gifts received in cash from friends will no ...