by AIP Online Bureau | May 27, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation
“To facilitate a smooth and convenient filing experience for taxpayers, it has been decided that the due date for filing of ITRs, originally due on July 31, 2025, is extended to September 15, 2025,” the Central Board of Direct Taxes (CBDT) said in a statement on...
by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Indian News, Regulation
In an order, the Central Board of Direct Taxes (CBDT) said “to facilitate completion of pending departmental work, all the Income Tax Offices throughout India shall remain open on 29th, 30th and 31st March, 2025.” Reserve Bank of India (RBI) and IRDAI have...
by AIP Online Bureau | Feb 2, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
Ravi Agrawal,Chairman, CBDT As per current data, about 74-75 per cent of individual taxpayers have moved to the new tax regime that was brought in by the government a few years back New Delhi: The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum...
by AIP Online Bureau | Nov 24, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management
The shares obtained and income earned by resident tax Indians from their employers through employee stock options should also be disclosed to the Income-Tax Department by filling foreign assets and foreign source income schedule provided in the relevant ITR, a senior...
by AIP Online Bureau | Aug 17, 2024 | Health, Indian News, Policy, Wealth Management/ Philanthropy
Senior IT officials told that transactions over Rs 2 lakh in cash were required to be reported through a statement of financial transaction (SFT) by financial institutions but that was not happening. The department identified some of the businesses, such as hotels,...
