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Tax filing date extended! CBDT shifts last date to January 15 for AY 2024-25 returns. Details inside
The Central Board of Direct Taxes (CBDT) has brought relief to taxpayers by extending the deadline for filing belated and revised income tax returns for the Assessment Year 2024-25. The CBDT ...
Business Today6d
95-97% taxpayers will move to New Tax Regime: CBDT chief on zero tax for salary up to Rs 12 lakh
Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal said that around 95-97 per cent of the taxpayers would join the new tax regime from the current 74-75 per cent. He said currently there ...
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Income Tax Audit Report Deadline Extended: CBDT Extends Last Date, It Is...
This extension is aimed at supporting taxpayers ... Income Tax Department stated in a circular, “Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing of ...
Business Today6d
Budget 2025: CBDT chief dismisses talk of silent burial for old tax regime, expects 97% shift to new system
Ravi Agarwal, Chairman of the Central Board of Direct Taxes (CBDT), dismissed speculation that the Union Budget 2025 signals the end of the old tax regime. Responding to questions about its ...
Income tax dept extends belated, revised ITR deadline: Details here
The Central Board of Direct Taxes has extended the deadline for resident individuals to file their belated or revised ITRs for the Assessment Year (AY) 2024-25 ...
Hindustan Times7d
Income tax: 90% or more taxpayers may shift to new regime, says CBDT chief on Budget
The Central Board of Direct Taxes (CBDT) is the administrative body, under the Union finance ministry, for the I-T Department. The Budget announcement of zero tax for earnings upto ₹12 lakh per ...
Business Line8d
New tax slabs announced in Budget may lead 90% or more taxpayers to shift to new regime: CBDT Chairman
The CBDT chief said the tax processes available to a "common" taxpayer for reporting their income were not "very complex" giving examples of the simplified ITR-1, pre-filled Income Tax Returns ...
Her Zindagi Hindi25d
ITR Filing Deadline: How To File Return After Due Date And What Penalties You Could Face
Filing your Income Tax Return (ITR) is an important obligation for every taxpayer in India. However, if you miss this deadline, it’s crucial to understand the consequences, including potential ...
Indiatimes5d
New Income-Tax Act to make life simple for taxpayers: CBDT chairman Ravi Agrawal
In an interview to TOI, chairman of the Central Board of Direct Taxes (CBDT) Ravi Agrawal says he is confident that direct tax revenues would remain robust, making it easier for the department to ...
Mint6d
Give suggestions on new income tax bill: CBDT chief to industry
New Delhi, Feb 3 (PTI) Central Board of Direct Taxes (CBDT) Chief Ravi Agrawal on Monday asked industry players to give their suggestions on the new income tax bill, which will be tabled in ...
Business Insider India1y
CBDT exempts startup investments from 21 nations including US, UK from angel tax
The Central Board of Direct Taxes (CBDT) on May 24 notified classes of investors who would not come under the Angel Tax provision. Excluded entities include those registered with Sebi as Category ...