ITR filing 2025: How often can Indian taxpayers switch between new and old income tax regimes?
2 weeks, 3 days ago

ITR filing 2025: How often can Indian taxpayers switch between new and old income tax regimes?

Live Mint  

In India, taxpayers can choose between the old and new income tax regimes, each offering distinct benefits. The choice to opt for the old tax regime must be made before the due date for filing returns under Section 139 of the Income Tax Act,” said Abhishek Soni, CEO and Co-founder Tax2win. Tax regime selection rule for salaried taxpayers Taxpayers with non-business income, such as salary, can switch between the new and old tax regimes yearly. To do so, they must file Form 10-IEA before due date of ITR filing, which allows them to exercise their choice between the new and old tax regimes," said Abhisekh Soni. When filing your Income Tax Return for 2025, a key decision is choosing between the old and new tax regimes.

Tax Income 2025 Date Old Regime Filing Itr Return Switch Tax Regime Taxpayers Regimes Itr Filing Income Tax Return Tax Regimes  date  old  regimes  taxpayers  income  switch  2025  tax  itr  regime  return  indian  filing

History of this topic

Over 4.68 lakh taxpayers file ITR for income over ₹1 crore till Feb 28, shows latest data
3 days, 21 hours ago

Over 4.68 lakh taxpayers file ITR for income over ₹1 crore till Feb 28, shows latest data

Live Mint  

The latest data released by the income tax department shows that over 9.11 crore registered users have filed their income tax returns for FY 2024-25 until Feb 28, 2025. This figure is quite significant given that the total number of registered users stands at 13.96 crore, which means over 65 percent of registered users have filed their income tax returns …

A Federal Dilemma: How The New Income Tax Bill 2025 Threatens State Revenues And Fiscal Autonomy
4 days, 8 hours ago

A Federal Dilemma: How The New Income Tax Bill 2025 Threatens State Revenues And Fiscal Autonomy

Live Law  

The New Income Tax Bill 2025 is regarded as a significant reform intended to streamline tax systems and enhance compliance. This article critically examines how the New Income Tax Bill 2025 jeopardizes fiscal federalism, the growing dependence on non-divisible surcharges and levies, and the potential risks states may soon face with diminishing financial strength and reduced fiscal autonomy. Although the …

New TDS, TCS rules 2025: Key changes impacting income taxpayers starting April 1. All you need to know
1 week, 5 days ago

New TDS, TCS rules 2025: Key changes impacting income taxpayers starting April 1. All you need to know

Live Mint  

The new income tax bill has changed the TDS and TCS rules several times. One of the key changes is the increase in TCS on foreign remittances under the Liberalized Remittance Scheme, which has risen from 20% to 22% for amounts over ₹7 lakh per year. Joint property purchasers also need to furnish PAN information of all joint owners to …

How often can taxpayers switch between new and old tax regime?
2 weeks, 4 days ago

How often can taxpayers switch between new and old tax regime?

India Today  

When it comes to paying taxes in India, choosing between the old and new tax regimes is important. Further, if one has considerable tax-saving instruments, one can opt for the old tax regime. On the contrary, if one prefers concessional tax slabs, one can go with the new tax regime. After switching back to the new tax regime, you cannot …

New Income tax bill 2025: MUST know tax refund rule during ITR filing
1 month ago

New Income tax bill 2025: MUST know tax refund rule during ITR filing

Live Mint  

The introduction of the Income Tax Bill 2025 in the Lok Sabha sparked concerns among taxpayers about their eligibility for refunds if they file their Income Tax Return after the due date. “Dear @taxguru_in, As explained in our FAQs, there are no policy changes in the provisions related to Refunds in the new Income Tax Bill, 2025,” the Income tax …

India’s new income tax bill: It’s more concise and makes for a friendly tax law
1 month, 1 week ago

India’s new income tax bill: It’s more concise and makes for a friendly tax law

Live Mint  

The Income Tax Bill 2025 marks a significant step towards modernizing India’s tax framework, aiming to simplify compliance and enhance efficiency. By streamlining tax provisions, reducing redundancies, and introducing clearer legislative language, the Bill seeks to address long-standing complexities in the tax law. Tax simplifications and rationalization: The Bill introduces several key changes aimed at easing tax compliances and reducing …

India’s Income Tax Bill sets the stage for significant reforms
1 month, 1 week ago

India’s Income Tax Bill sets the stage for significant reforms

Live Mint  

The Income Tax Act of 1961 has undergone innumerable amendments since its inception. We have an outdated Income Tax Act, burdened with obsolete provisions and a cumbersome structure, especially in the context of economic liberalization, which reduced the government’s role in the economy. Given that the Centre has undertaken major reforms in recent years—introducing a new Companies Act, overhauling civil …

New Income Tax Bill 2025: Higher Exemptions, Simpler Rules, Easier Tax Filing – Here’s What Changes For You
1 month, 1 week ago

New Income Tax Bill 2025: Higher Exemptions, Simpler Rules, Easier Tax Filing – Here’s What Changes For You

ABP News  

New Income Tax Bill: Finance Minister Nirmala Sitharaman introduced the much-anticipated Income Tax Bill 2025 in the Lok Sabha on February 13. Key Changes Introduced Introduction of ‘Tax Year’ : The bill replaces technical terms like ‘assessment year’ and ‘previous year’ with the simpler ‘tax year,’ making it easier for taxpayers to understand. : The bill replaces technical terms like …

New Income Tax Bill 2025: What is ‘tax year’ and how is it different from 'assessment year?
1 month, 1 week ago

New Income Tax Bill 2025: What is ‘tax year’ and how is it different from 'assessment year?

Hindustan Times  

The Centre plans to table the new Income Tax Bill 2025 in the Parliament on February 13. It is a purely tax-related concept and is used to describe the time period during which a person must file taxes and returns on the income they have earned during a financial year. New terminology Tax year: The new bill aims to replace …

New Income Tax Bill 2025: What are expected changes and how will they affect you?
1 month, 1 week ago

New Income Tax Bill 2025: What are expected changes and how will they affect you?

Hindustan Times  

The central government may table the new Income Tax Bill 2025 in Parliament on February 13. The bill proposes to replace the term ‘Financial Year’ with the term ‘Tax Year’ and do away with the term ‘Previous Year’. The term ‘Tax Year’ then will represent the 12-month period starting from April 1, aligning it with the financial year framework. The …

New Tax Regime: Should you opt for it over old tax regime? All about income tax slabs, exemptions and more
1 month, 2 weeks ago

New Tax Regime: Should you opt for it over old tax regime? All about income tax slabs, exemptions and more

Live Mint  

In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Deduction under section 80JJAA: This allows eligible businesses to claim a deduction for hiring new employees Standard deduction benefit In 2023, the finance minister announced the new tax regime as …

Updated tax returns: Budget 2025 offers a wider window to report omitted income
Trending News
1 month, 2 weeks ago

Updated tax returns: Budget 2025 offers a wider window to report omitted income

Live Mint  

In the Union Budget for 2022-23, India's finance ministry introduced the concept of updated tax returns to promote voluntary tax compliance. Taxpayers are required to file their income tax returns within four to six months from the end of the financial year. In essence, an updated return allows taxpayers to voluntarily declare omitted income even after the deadlines for belated …

Tax Reforms In Budget 2025 Should Help Bring In Majority Of Taxpayers To New Income Tax Regime, Says CBDT Chairman
1 month, 2 weeks ago

Tax Reforms In Budget 2025 Should Help Bring In Majority Of Taxpayers To New Income Tax Regime, Says CBDT Chairman

ABP News  

CBDT Chairman, Ravi Agrawal, on Sunday said that revisions in the tax slabs should bring nearly all the individual taxpayers to the new income tax regime. Speaking in an interview with PTI, the Central Board of Direct Taxes executive said that the Budget 2025’s announcement of no tax on earnings up to Rs 12 lakh per annum should help the …

India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?
Trending News
1 month, 2 weeks ago

India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?

Firstpost  

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax system in the coming week. File Image/Reuters Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill in Parliament next week, aiming to simplify the six-decade-old Income Tax Act of 1961. Simplification of tax compliance One of the …

Budget 2025: Was this a death knell for the old tax regime?
1 month, 2 weeks ago

Budget 2025: Was this a death knell for the old tax regime?

Live Mint  

Budget 2025: Union Finance Minister Nirmala Sitharaman announced the revision of tax slabs for taxpayers under the new tax regime. The tax slab rates under the old tax regime are as follows: Slab Tax 0-2.5 lakh NIL 2.5 to 5 lakh 5% 5 lakh to 10 lakh 20% Above 10 lakh 30% Now imagine someone who earns ₹12 lakh is …

Old vs new tax regime: How Budget 2025 alters your tax choices
Top News
1 month, 2 weeks ago

Old vs new tax regime: How Budget 2025 alters your tax choices

Firstpost  

Recognising the significant contributions of the middle class, the Government of India has consistently reduced their tax burden over the years Union Finance Minister Nirmala Sitharaman presented her eighth consecutive budget on February 1, 2025, making her the only finance minister in Indian history to achieve this milestone. As a strong commitment towards the middle class, the government has proposed …

Budget 2025: Income tax gains depend on your investments too. 6 scenarios explained
1 month, 2 weeks ago

Budget 2025: Income tax gains depend on your investments too. 6 scenarios explained

Firstpost  

Acknowledging the contribution of a young demography to the direct tax revenue and coming through on the promise made to the middle class taxpayers to leave more cash in hand, Union Finance Minister Nirmala Sitharaman proposed significant changes in the tax rates and slabs under the new tax regime. Here’s a comparative scenario on how much tax one will have …

Budget 2025: New tax regime vs. old tax regime – which one should you now opt for?
1 month, 2 weeks ago

Budget 2025: New tax regime vs. old tax regime – which one should you now opt for?

Live Mint  

Union Budget 2025: With income tax slabs becoming more attractive, it is quite tempting for the taxpayers now to choose a new tax regime over the old tax regime. Sample this: If your income is ₹12.75 lakh, income tax in the new tax regime is 0 whereas in the old regime tax would be ₹1.8 lakh. When income is ₹15.75 …

New income tax slabs released in Budget for FY 2025-26 | Check full details
1 month, 2 weeks ago

New income tax slabs released in Budget for FY 2025-26 | Check full details

Hindustan Times  

New Income Tax Slabs: Union finance minister Nirmala Sitharaman on Saturday presented the Union Budget 2025-2026 in the Parliament and introduced a massive relief for income tax payers. New Income Tax Slabs: The revised tax structure requires individuals with an income above ₹ 24 lakh to pay 30 per cent income tax. New Income Tax Slabs - Existing vs Revised …

NO income tax till ₹12 lakh: A look at the new tax slabs vs. current tax slabs
1 month, 2 weeks ago

NO income tax till ₹12 lakh: A look at the new tax slabs vs. current tax slabs

Live Mint  

Union Finance Minister Nirmala Sitharaman delivered her eight consecutive Union Budget at 11 am on Saturday, February 1, 2025. Revised income tax slabs under the new tax regime New tax slab New tax rates Old tax slab Old tax rate 0-4 lakh Nil 0-3 lakh rupees Nil 4-8 lakh 5 per cent 3-7 lakh rupees 5 per cent 8-12 lakh …

Budget 2025: Will FM Nirmala Sitharaman bid goodbye to the old income tax regime? All eyes on February 1 announcements
Trending News
1 month, 3 weeks ago

Budget 2025: Will FM Nirmala Sitharaman bid goodbye to the old income tax regime? All eyes on February 1 announcements

Live Mint  

With just three days to go for the Budget 2025, there are concerns over whether Finance Minister Nirmala Sitharaman will abandon the previous income tax system as the Union Budget 2025 deadline draws near. "Given the government's biased stance towards the new tax regime, the growing number of people choosing it, and the fact that the limits for various deductions …

Budget 2025: Global economic shifts make tax cuts unlikely, but reforms must continue
1 month, 3 weeks ago

Budget 2025: Global economic shifts make tax cuts unlikely, but reforms must continue

Live Mint  

As the world economy continues to work through the challenges of weak growth, likely inflation and political actions shifting economic relations, there is continued interest in whether tax policy can make a difference. Yet, the growth in goods and services tax collections is robust and personal income taxes have grown faster than corporate tax collections. However, US president Donald Trump’s …

Income Tax in India: Will Modi Budget 2025 make the new tax regime more attractive?
1 month, 3 weeks ago

Income Tax in India: Will Modi Budget 2025 make the new tax regime more attractive?

Firstpost  

Finance Minister Nirmala Sitharaman might introduce measures in Budget 2025 to make the new tax regime more appealing, encouraging taxpayers to opt for the system that provides lower tax rates but offers significantly fewer deductions. With the Budget 2025 approaching, discussions have surfaced about potential income tax relaxations as the center plans to incentivise the new tax regime which offers …

Budget 2025: Big relief for taxpayers? Government likely to introduce new Income Tax Bill, say sources
2 months ago

Budget 2025: Big relief for taxpayers? Government likely to introduce new Income Tax Bill, say sources

India TV News  

The government will introduce a new income tax bill in the upcoming Parliament budget in a major move to simplify India’s tax system, it was quoted as saying by news agency PTI. Finance Minister Nirmala Sitharaman had announced a comprehensive review of the Income Tax Act in her July 2024 budget speech and promised to revamp the law in six …

ITR Filing Deadline: What's the last date to file revised or belated ITR?
2 months ago

ITR Filing Deadline: What's the last date to file revised or belated ITR?

Hindustan Times  

ITR Filing Deadline, January 15, 2025: Taxpayers who have not filed their belated or revised Income Tax Return or ITR for the financial year 2024-25 have a narrow chance to do the same on Wednesday, January 15. ITR Filing Deadline: The original deadline to file the income tax returns was July 31, 2024. “The Central Board of Direct Taxes, in …

Filing ITR: You can file updated income tax return for past two years before March 31. Check the rules that apply
2 months, 1 week ago

Filing ITR: You can file updated income tax return for past two years before March 31. Check the rules that apply

Live Mint  

If you somehow failed to file your income tax return for any of the past two years, you can still file an updated income tax return. Notably, the last date to file updated income tax return for 2021-22 is March 31, 2025. It can be filed in following cases: If the return was previously not filed or if the return …

Budget 2025: The NRI’s wish list
2 months, 1 week ago

Budget 2025: The NRI’s wish list

Live Mint  

Non-resident Indians play a vital role in India’s economic and social progress, significantly contributing to the country’s growth through remittances, investments, entrepreneurship, and international trade. ESOPs tax deferral India’s tax laws allow employees of ‘eligible startups’, including NRIs, to defer paying taxes on employee stock options, or ESOPs. Filing of Form 10F Currently, NRIs seeking to avail treaty reliefs are …

Budget 2025: Five income tax changes that you can expect in Nirmala Sitharaman’s speech
2 months, 1 week ago

Budget 2025: Five income tax changes that you can expect in Nirmala Sitharaman’s speech

Live Mint  

As Finance Minister Nirmala Sitharaman prepares for Budget 2025 announcements, several anticipated income tax reforms may impact salaried people. 5 income tax changes that you can expect in Budget 2025 1)Income tax slab rate The government may further promote the new tax regime by offering additional benefits to make it more attractive to taxpayers. Current tax slabs under the new …

Budget 2025: Easier ITR filing and tax dispute reduction expected, says report
2 months, 1 week ago

Budget 2025: Easier ITR filing and tax dispute reduction expected, says report

India Today  

The upcoming Union Budget 2025-26 is poised to introduce significant changes to India's tax landscape, aiming to simplify income tax filing and address longstanding tax disputes. According to a Bloomberg report, Finance Minister Nirmala Sitharaman is expected to unveil a comprehensive overhaul of the Income Tax Act, 1961, a move that has been in the works for several months. KEY …

ITR filing: Why you should declare foreign assets by January 15
2 months, 2 weeks ago

ITR filing: Why you should declare foreign assets by January 15

India Today  

The deadline for Indian residents to report their foreign assets and income in their Income Tax Returns is fast approaching. By January 15, 2025, taxpayers must disclose any overseas financial accounts, income, and assets as part of their tax filing process for the Assessment Year 2024-25. SOURCES OF FOREIGN ACCOUNT INFORMATION To ensure compliance, the Indian government and its law …

Income tax slab: 5 things in the new tax regime every taxpayer must know before filing ITR 2025
2 months, 2 weeks ago

Income tax slab: 5 things in the new tax regime every taxpayer must know before filing ITR 2025

Live Mint  

Income tax slab: In Budget 2024, Finance Minister Sitharaman introduced key changes to the income tax slabs under the new tax regime to make them more attractive for taxpayers. Five things in the new tax regime that taxpayers must know for filing ITR in 2025 1) Income tax slab rates The income tax slabs have been revamped under the new …

Budget 2025: 5 reforms that could make new tax regime a better deal for you
Trending News
2 months, 2 weeks ago

Budget 2025: 5 reforms that could make new tax regime a better deal for you

India Today  

Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2025 on February 1, 2025. The new tax regime is expected to take centre stage in the budget, with reforms designed to make it a more attractive alternative to the traditional tax structure. POSSIBLE REFORMS IN THE NEW TAX REGIME The upcoming budget could include several changes to the …

Top 10 income tax changes from 2024 to look out for while filing ITR in 2025
2 months, 2 weeks ago

Top 10 income tax changes from 2024 to look out for while filing ITR in 2025

Hindustan Times  

The year 2024 has brought in significant changes to India's personal income tax structure, with multiple reforms announced in the Union Budget 2024-25, influencing the deductions and exemptions taxpayers can claim when filing their income tax returns in July 2025. The changes in the income tax structure can influence the deductions and exemptions taxpayers can claim when filing their income …

New deadline to file belated/revised ITR extended to 15 January for resident taxpayers
2 months, 2 weeks ago

New deadline to file belated/revised ITR extended to 15 January for resident taxpayers

Live Mint  

New Delhi, January 1 : The Central Board of Direct Taxes has extended the last date for filing belated/revised income tax returns for the Assessment Year 2024-25 for resident individuals, as stated in a notification issued by the CBDT. In the notification the CBDT added, "The Central Board of Direct Taxes, in exercise of its powers under section 119 of …

ITR filing deadline extension: Income tax department announces relief for these taxpayers. Details here
2 months, 3 weeks ago

ITR filing deadline extension: Income tax department announces relief for these taxpayers. Details here

Live Mint  

The Central Board of Direct Taxes has announced an extension for resident individuals to file their belated or revised Income Tax Returns for the Assessment Year 2024-25. The Central Board of Direct Taxes, in exercise of its powers under section 119 of the Income-tax Act,1961, extends the last date for furnishing belated return of income under sub-section of section 139 …

Income tax rule: Ten key changes in 2024 that will impact your ITR filing in 2025
2 months, 3 weeks ago

Income tax rule: Ten key changes in 2024 that will impact your ITR filing in 2025

Live Mint  

Income tax rule: As 2024 ends, it's clear that India's financial sector has experienced significant income tax reforms. 1)New regime income tax slabs changed under the new tax regime The new tax regime's revised slabs offer taxpayers potential annual savings of ₹17,500. New regime income tax slab rates Up to ₹3 lakh - Nil ₹3-7 lakh - 5% ₹7-10 lakh …

ITR filing simplified: 5 updates you should know
2 months, 3 weeks ago

ITR filing simplified: 5 updates you should know

India Today  

Filing income tax returns often feels like a daunting task, but recent changes in tax rules aim to turn this challenge into a smoother experience. ENHANCED TRANSPARENCY WITH FORM 26AS The revamped Form 26AS now offers taxpayers a detailed view of their tax transactions. SIMPLIFIED PERSONAL TAX REGIME The alternative tax regime, introduced in 2020 and further refined in 2024, …

10 income tax changes in 2024: What you need to know for filing ITR in 2025
2 months, 3 weeks ago

10 income tax changes in 2024: What you need to know for filing ITR in 2025

India Today  

The year 2024 brought significant changes to income tax laws, altering how taxpayers will approach filing their Income Tax Returns in 2025. These reforms—ranging from revamped tax slabs to new rules for capital gains and TDS—promise to impact how you plan, save, and file your Income Tax Return in 2025. REVISED INCOME TAX SLABS UNDER THE NEW REGIME The new …

Centre mulls income tax cut in 2025-26 Budget amid middle-class heat
2 months, 3 weeks ago

Centre mulls income tax cut in 2025-26 Budget amid middle-class heat

New Indian Express  

The Union government is reportedly considering a reduction in income tax for individuals earning up to Rs 15 lakhs, according to a media report. Notably, India’s income tax system features two regimes, offering taxpayers the choice between deductions and lower tax rates. Under OTR, the tax slabs for individuals below 60 years are as follows: income up to Rs 2.5 …

ITR filing: How the new tax regime impacts your taxes – 6 key things to know
2 months, 3 weeks ago

ITR filing: How the new tax regime impacts your taxes – 6 key things to know

Live Mint  

Taxpayers are required to pay their income tax as per the New Tax Regime from FY 2023-24 onwards after it became the default regime. Notably, the new tax regime enables you to compute income tax at a relatively lower slab rate, but in return, you must forgo most of the exemptions that are offered against your investments. For instance, under …

ITR filing: Last 1 week to go before these income tax deadlines expire on Dec 31
Trending News
2 months, 3 weeks ago

ITR filing: Last 1 week to go before these income tax deadlines expire on Dec 31

Live Mint  

With the Calendar Year set to culminate in a few days, there are a few income tax deadlines that are set to expire at the same time. These deadlines relate to the filing of belated income tax return, Vivad Se Vishwas and declaration of foreign assets. Filing of belated return: Typically, the last date to file income tax return is …

ITR Filing: Income tax department shortens time limit for condonation of delay – What it means for taxpayers
4 months ago

ITR Filing: Income tax department shortens time limit for condonation of delay – What it means for taxpayers

Live Mint  

The Income Tax Department has recently made important changes in its refund claim procedures which have led to the reduction of the period when taxpayers could claim old income tax refunds. The onus has shifted now to the taxpayers to keep all the required documents amidst the transactions in future and submit them before the tax authorities at the prescribed …

Tax regime shift: Is filing ITR under old regime still valid after default new regime?
4 months ago

Tax regime shift: Is filing ITR under old regime still valid after default new regime?

Live Mint  

I’m working with the Indian Army. Until last year, we received Form 16 under the old tax regime, which included all allowances such as house rent allowance, travel, uniform, etc. However, from AY 2024-25, we are receiving Form 16 under the default new tax regime, which does not mention non-taxable allowances. I have filed my ITR under the old tax …

Do I have to file an Income Tax Return (ITR) in India after returning from UK for work?
4 months ago

Do I have to file an Income Tax Return (ITR) in India after returning from UK for work?

Live Mint  

I have lived in the UK for the past 15 years. Do I have to file my Income Tax Return in India next year? Since your stay in India for the financial year 24-25 will be for less than 182 days, prima facie, you would be a non-resident for income tax, assuming you were not in India before 15th October …

Can you expect major income tax changes in Budget 2025? Check details
4 months, 1 week ago

Can you expect major income tax changes in Budget 2025? Check details

India Today  

The Union Budget 2025-26 is set to usher in a new era of tax simplification in India, with the Finance Ministry working on comprehensive reforms to streamline the income tax system. The proposed reforms focus on three key areas: simplifying tax structures, expanding the tax base, and balancing revenue generation with taxpayer relief. SIMPLER TAX FILING Building on the success …

Major income tax reforms in pipeline, Budget 2025 to ease filing process: Sources
Trending News
4 months, 1 week ago

Major income tax reforms in pipeline, Budget 2025 to ease filing process: Sources

India Today  

February 2025 is poised to usher in a new era of tax simplicity in India, as the upcoming Union Budget 2025-26 aims to reform the Income Tax Act, making tax filing easier for citizens, according to sources. Sources in the Finance Ministry told India Today TV that a series of major reforms to the income tax system are in the …

Income Tax Deadline: Last one week left to file tax return for THESE taxpayers. Check details
4 months, 1 week ago

Income Tax Deadline: Last one week left to file tax return for THESE taxpayers. Check details

Live Mint  

Taxpayers who are meant to get their accounts audited have only one week left to file their income tax return for AY 2024-25. The last date to file income tax return for these taxpayers is November 15. The income tax department recently issued a statement that says that it's the last week left for taxpayers whose accounts are audited or …

Last-minute ITR filers face glitches galore on income tax portal: ‘Infosys got ₹4,200 crore for this?’
7 months, 3 weeks ago

Last-minute ITR filers face glitches galore on income tax portal: ‘Infosys got ₹4,200 crore for this?’

Hindustan Times  

As the deadline for filing income tax returns ends on Wednesday, July 31, many last-minute filers encountered technical glitches on the income tax portal. Many taxpayers tagged software giant Infosys that has developed the income tax portal. I respectfully request that you initiate portal improvements starting tomorrow and ensure a seamless and efficient experience for taxpayers in the next year,” …

Income Tax dept warns ITR filers of stern action in case of bogus TDS claim | Check last date
7 months, 3 weeks ago

Income Tax dept warns ITR filers of stern action in case of bogus TDS claim | Check last date

India TV News  

The Income Tax Department on Sunday asked income tax return filers to refrain from making bogus claims for expenses, under-reporting their earnings or exaggerating deductions calling it a punishable offence that causes a delay in issuance of refunds. For individuals with net taxable income of more than Rs 5 lakh for the financial year 2023-24, filing a belated return may …

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