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 | May 20, 2025 | Eco/Invest/Demography, Indian News, Policy
For ITR-U filed within 12 months and 24 months of the end of relevant AY, 25 per cent and 50 per cent additional tax respectively have to be paid. New Delhi: The Income Tax department has notified ITR-U which will allow taxpayers to file updated returns for 4 years...
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 | Jul 16, 2023 | Eco/Invest/Demography, Indian News, Policy
About 5.83 crore income tax returns were filed as on July 31 last year, the last day for filing returns for assessment year 2022-23 New Delhi: Revenue Secretary Sanjay Malhotra has asked income tax payers to file their return at the earliest as the finance ministry is...
