More than 5.5 crore income tax returns have been filed for AY 2026-27 as the July 31 deadline ends, with over 42 lakh ITRs ...
More than 5.9 crore income-tax returns were filed for AY 2026–27 by 31 July. Taxpayers filing the ITR-3 and ITR-4 (Sugam) forms must do so by 31 August and 31 October, respectively.
Pune ITAT quashed reassessment after holding that a Section 148 notice issued on 05.04.2022 for AY 2015-16 was barred by limitation.
The Income Tax department on Friday said more than 55 million income-tax returns (ITRs) were filed for Assessment Year ...
A taxpayer may file an updated return of income within 48 months after the end of the relevant assessment year, even if he ...
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Missing ITR deadline today is like getting ‘Hit Wicket’: Tax department urges a ‘Free Hit’ filing
The Income Tax Department, in a recent X post, reminded taxpayers that 31 July is the last date to file ITR-1 and ITR-2 for AY 2026-27. Complete filing and e-verification today to avoid late fees, ...
Speaker Faustino “Bojie” G. Dy III leads launching of LegisHear, a nationwide public consultation initiative. MANILA, ...
The department has been urging taxpayers, particularly those eligible to file simpler forms such as ITR-1 (Sahaj) and ITR-2, ...
More than 5.9 crore income tax returns were filed by the July 31 deadline. This figure represents filings for assessment year ...
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Centre flags possible tax evasion as Indian funds in Swiss banks triple to Rs 38,000 crore
Amid reports that Indian funds in Swiss banks tripled to Rs 38,000 crore in 2024, the Centre said it is closely monitoring possible tax evasion, leveraging various information exchange mechanisms with ...
Summary: Article discusses the use of Section 10(14)(i) of the Income-tax Act, 1961 during AY 2026-27. It states that the exemption under Section 10(14)(i) is a specific exemption available only where ...
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