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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

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

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.

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.

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.
