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Explained: Why CBDT extended deadline to file Income Tax returns to Sept 15

The CBDT’s decision to extend the deadline for filing ITR wasn’t unexpected because ITR forms have been released with a delay of more than a month

FILE PHOTO: CBDT has already notified extensively modified income tax returns forms for AY (assessment year) 2025-26 in the last two months (REUTERS)
Updated on May 27, 2025 11:43 PM IST
ByRajeev Jayaswal

ITR filing extension: CBDT announces new deadline for AY 2025-26

CBDT said the extension has been implemented to accommodate changes in ITR forms and ensure taxpayers have sufficient time for compliance amidst system updates

In a statement, CBDT said this extension will provide more time due to significant revisions in ITR forms.(MINT_PRINT)
Updated on May 27, 2025 06:32 PM IST

CBDT to closely monitor top taxpayers, crack down on bogus deductions

The government aims for ₹25.20 lakh crore in direct taxes for the fiscal year, while focusing on arrear collection and taxpayer education.

CBDT has instructed IT officials to monitor top advance taxpayers to boost direct tax collections this financial year(Pixabay/Representational image)
Published on May 04, 2025 03:01 PM IST
PTI |

I-T Dept uncovers 22,000 crore in undisclosed foreign assets and investments

The Income Tax department sends notices to taxpayers for failing to declare foreign assets, with penalties up to ₹10 lakh for non-compliance.

Revised Income tax slabs: Under the new tax regime, a nil tax slab will apply to annual incomes up to <span class='webrupee'>₹</span>12 lakh ( <span class='webrupee'>₹</span>12.75 lakh for salaried taxpayers with a standard deduction of <span class='webrupee'>₹</span>75,000).
Published on Feb 18, 2025 04:38 PM IST

Only 1/3rd electoral trusts received donations: ADR report

Only one-third of electoral trusts reported donations in FY 2023-24, with BJP receiving 70.3% of ₹1,218.39 crore, raising transparency concerns.

Only 1/3rd electoral trusts received donations: ADR report
Published on Feb 11, 2025 06:08 AM IST
ByAbhishek Angad, New Delhi
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