The Income Tax Department will send SMSs/emails to 25,000 high-risk taxpayers over undisclosed foreign assets. The CBDT urges filing revised ITRs by December 31, 2025, to avoid penalties under the Black Money Act, expanding the nudge campaign nationwide
With numbers rising from 6.48 crore in FY20 to 8.56 crore in FY25 officials attribute the surge to digitisation, policy reforms, and compliance measures
New Delhi: A basic understanding of income tax slabs and how they change with every Union Budget can help you plan your finances better. The Budget isn’t just about government spending—it also determines how much tax you pay and whether you get any new benefits. Every year, taxpayers look forward to potential adjustments in slabs, […]
In July, which is the last month of I-T return filing, over 5.41 crore returns were filed, taking the total number of filing to over 6.77 crore by the month-end.
New Delhi: The due date for income tax return (ITR) filing for the financial year 2021-22 or assessment year 2022-23 is July 31, 2022. If you have already filed the return or manage to file it before the due date, it’s well and good. But, what happens if you fail to file the ITR before […]
