Income Ta
Economy
Income-tax return filing deadline extended to 15 September
The deadline for filing the returns has been extended because the digital ITR forms are being changed this year, which require more time to update the tax systems and release the necessary filing software, the CBDT said.
2 min read27 May 2025Money
India’s taxes nipping at your earnings? It could be worse.
India’s tax rates aren’t necessarily among the highest in the world. Here’s why.
5 min read28 Jan 2025Money
Income tax department warns: ‘Declare foreign assets or pay ₹10 lakh penalty’
The I-T dept launched a compliance campaign urging taxpayers to report foreign assets in their AY25 returns, noting that failure to disclose can lead to a ₹10 lakh penalty. This includes SMS and email reminders for those potentially holding foreign assets.
1 min read18 Nov 2024✕
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