Page 6 of income tax department News

TDS, IT Bill, Income Tax Act, money, Lok Sabha, money, tax

Select panel proposes key taxpayer-friendly changes to I-T Bill

The Select Panel on the Income Tax Bill, 2025 recommends key taxpayer-friendly changes, including GAAR refinement, inter-corporate dividend deductions, relaxed…

2 months agoJuly 21, 2025

Income Tax Bill 2025: Lok Sabha Panel recommends changes on TDS refunds, capital gains and more

Income Tax Bill: Lok Sabha Panel recommends changes on TDS refunds, capital gains and more

The Select Committee of the Lok Sabha, led by chairperson Baijayant Panda of the Bharatiya Janata Party, has submitted its…

2 months ago

TDS refund on late ITR filing? Par Panel suggests key reliefs in New Income Tax Bill

TDS refund on late ITR filing? Parliamentary Panel flags 32 key issues in new Income Tax Bill

A Parliamentary panel has recommended key changes to the new Income Tax Bill, 2025, including allowing late ITR filers to…

2 months ago

Crypto gains in FY25? Which ITR form to use while filing returns in AY 2025-26

If you earned from cryptocurrency in FY25, it is essential to choose the correct ITR form while filing returns in…

2 months ago

income tax department, health insurance, ITD, ITR, tax, money

A paper trail for tax deductions

Understand how to safely claim tax deductions under Chapter VI-A. Learn about common red flags like inflated claims, unverifiable donations,…

3 months agoJuly 20, 2025

Now file ITR-2 online with pre-filled data: A big relief for salaried taxpayers

Now file ITR-2 online with pre-filled data: A big relief for THESE taxpayers

The tax department usually rolls out utilities and online forms by April or May. But this year, the release was…

3 months ago

Filed wrong ITR or fake deduction claims? Income Tax Dept issues final warning — Do THIS to fix errors

Filed wrong ITR or fake deduction claims? Income Tax Dept issues warning — Do THIS to fix errors

The government has issued a final warning to taxpayers who filed incorrect ITRs over the last four years. If you…

3 months ago

How much tax NRIs have to pay on selling property in India? Understand the new math

After the 2024-25 Budget, NRIs selling property in India face new tax rules. The government has introduced a flat 12.5%…

3 months ago

ITR refund scam: Income Tax Dept cracks down on CA-run rackets promising inflated tax refunds

The Income Tax Department has launched a massive crackdown on fraudulent ITR refund claims facilitated by certain chartered accountants and…

3 months ago

Income Tax crackdown: Employees of MNCs, PSUs and govt depts under scrutiny for fake deduction claims

Employees of MNCs, PSUs and govt depts under scrutiny for fake tax deduction claims, inflated refunds

The Income Tax Department has launched a nationwide crackdown in 2025 targeting fake deduction claims by salaried employees, including those…

3 months agoJuly 15, 2025

40,000 taxpayers withdrew Rs 1,045-crore bogus ITR claims after income tax crackdown intensifies

Action against tax evaders: 40,000 taxpayers withdraw Rs 1,045-crore bogus ITR claims after income tax crackdown

The Income Tax Department has unearthed fake deductions worth Rs 1,045 crore, withdrawn by 40,000 taxpayers after AI-based verification and…

3 months ago

SEBI, IT Department, Nuvama Wealth, Jane Street, raid, office premise, financial irregularities, capital markets

Income Tax Dept cracks down on fake ITR refunds: Bogus deductions, exemptions under scanner

To identify such irregularities, the tax department has leveraged technology tools, including data analytics, third-party sources, conduct intelligence and advanced…

3 months agoJuly 14, 2025

Claiming a big refund in ITR? Your return may be flagged for investigation

ITR under investigation: No tax refund this year if your claim in return filing is unusually …

Taxpayers are worried about the delay in getting tax refund in 2025. Expert said – Refunds are getting stuck due…

3 months ago

ITR filing 2025: Excel utilities of ITR-2 and ITR-3 forms released after 100 days – Will tax return filing now happen at full speed?

This has brought relief to crores of taxpayers who were not able to file their returns properly till now, especially…

3 months ago

Is tax refund getting delayed? Know how to track, lodge complaint and get quick payment

Taxpayers are facing delays in getting their income tax refunds for AY 2025-26, mainly due to the late rollout of…

3 months ago

ITR refund delay: Your AY 2025-26 refund depends on past ITR assessments - experts explain new rule changes

Your income tax refund for AY 2025-26 is delayed? Experts explain new rule behind holding back ITR refunds

As ITR filing for AY 2025-26 picks up pace, reports suggest the government may delay issuing tax refunds until past…

3 months ago

Income Tax Dept makes Aadhaar OTP verification mandatory for updating THESE details on e-filing portal

This move is seen as an attempt to prevent unauthorised changes to one’s profile with the Income Tax Department. This…

3 months ago

Will central govt employees get NPS-like tax benefits under UPS? Finance Ministry clears the air

Central govt rolls out more incentives to UPS subscribers

The Finance Ministry has clarified that tax benefits available under the National Pension System (NPS) will also apply to the…

3 months ago

Page 6 of income tax department News

Latest News

ITR filing last date AY 2025-26: Only 4 days left for deadline – Latest updates on tax returns filed and processed

ITR deadline extension new updates: Income tax return due date extension likely amid ‘technical difficulties’?

Income Tax Return Deadline Extension 2025: Will Income Tax Department announce new ITR filing due date as heavy traffic still causing technical glitches? Check latest updates

ITR filing deadline nears: System glitches leave taxpayers racing against time, calls for extension grow

No deadline extension for income tax return filing AY 2025-26? Reasons which don’t justify more time