CBDT Extends ITR Filing Deadline For AY 2025–26 To 16 September
The CBDT has announced another extension of the due date for filing Income Tax Returns (ITRs) for the Assessment Year (AY) 2025–26.
India’s Gross Direct Tax Collections Double In Five Years; Driven By Tech And Compliance Gains
India’s Gross Direct Tax Collections have more than doubled over the last five years, signalling strong economic growth and improved tax compliance supported by advanced digital systems.
Income Tax Department Cracks Down On Bogus Claims Of Deductions And Exemptions
The government said Monday that the Income Tax department launched a nationwide crackdown on fraudulent ITR deduction and exemption claims.
Nudge Campaign Encourages Taxpayers To Declare Foreign Assets; Results In Rs 30,300 Crore Disclosure
Over 30,000 taxpayers disclosed foreign assets worth Rs 30,300 crore in revised or belated ITRs, FM Sitharaman said Tuesday.
Govt Collects Extra Rs 9,118 Crore As 9 Million Taxpayers File Updated ITRs
The government has raised an additional Rs 9,118 crore in tax revenue from over 9 million updated ITRs filed in the past four years.
Women ITR Filers In India See 25% Growth Over Four Years, Maharashtra Leads
The number of women filing ITR in India increased by 25%, rising from 1.83 crore in Assessment Year (AY) 2019-20 to 2.29 crore in AY 2023-24.
India Sees Surge In High-Income Taxpayers; 9.39 Lakh Declare Over Rs 50 Lakh Income
Senior Income Tax officials report a rise in high-income taxpayers, with over 9.39 lakh individuals declaring incomes above Rs 50 lakh.
Record Breaking: 7.78 Crore ITRs Filed For FY 2022-23; Marashtra Scores Highest With 1.20 Crore ITRs
Maharashtra has topped the list with the most ITRs filed – 1.20 Crore. Uttar Pradesh stood second in the list with a marginal difference yet a good score.
