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Income Tax News

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'Taxpayers Frustrated as Glitches Crash India’s ITR Portal, Demand Deadline Extension'

As the September 15 deadline for filing Income Tax Returns approaches, millions of taxpayers and chartered accountants are struggling with constant glitches on the official e-filing portal. Slow speed, failed uploads, and repeated errors have triggered widespread anger and demand...
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ITR Filing Deadline: Last day to file your return, delay may lead to heavy fines and jail

Today, September 15, is the last date to file an Income Tax Return (ITR). If you have not yet filed your ITR, then complete this work immediately. ...
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Central Government Withdraws Income Tax Bill-2025; Revised Version to Be Introduced in Lok Sabha on August 11

The Central Government has officially withdrawn the Income Tax Bill, 2025, which was introduced earlier this year in the Lok Sabha. This bill was initially proposed on February 13, with the intent to replace the existing Income Tax Act of 1961....
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PAN 2.0: Your PAN Card is Getting Smarter– What to Expect and When It Launches

Big changes are coming to your PAN card! The Indian government is preparing to roll out a completely upgraded system known as PAN 2.0. ...
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New online system : IT Department Introduces Online ITR‑3 Filing Option

The Income Tax Department has unveiled a new online system for filing ITR‑3, announced on July 30. From now on, taxpayers can log in to the official income tax website and submit the form digitally, making the entire process faster and far more convenient....
Sena MLA Sanjay Shirsat with bag full of cash day after tax notice

Sena MLA Sanjay Shirsat Seen with Bag of Cash in Video, a Day After Tax Notice

In the video, Maharashtra Social Justice Minister Sanjay Shirsat is seen sitting in his bedroom, smoking a cigarette, with an open bag full of cash ne...
Income tax

Only 6.68% Filed ITR, Yet the Taxman Watches Everyone — Here’s How You’re Tracked

The numbers from the financial year 2023–24 have revealed a surprising truth — just 6.68% of India’s population filed their Income Tax Returns ...
Income tax

ITR Filing: Income No Bar — Don't File Your Return Without These Essential Documents

Filing an income tax return (ITR) is no longer just a requirement for high earners; it has become a vital responsibility for every conscientious citi...
New Income Tax Bill Ready

Big Relief for Middle Class: ₹12 Lakh Income Now Tax-Free from April 1

Starting today, April 1, 2025, millions of middle-class taxpayers can breathe a sigh of relief as the government rolls out a game-changing update to t...
New Income Tax Bill Ready

Taxpayers, take note: New income tax bill heads to Parliament next week

New Delhi: The Union Cabinet approves the Income Tax Bill 2025 to replace the 1961 Act, aiming for simplicity, reduced litigation, and no new taxes, w...
Closer Look at Income Tax Benefits Under Budget 2025-26

Transformative tax reforms announced in Budget 2025-26: No income tax for individuals earning up to Rs12 lakh | Full details inside

Union Budget 2025: The Budget 2025-26 emphasizes India's rapid economic growth and introduces significant income tax relief aimed at empowering key de...
Nirmala Sitharaman

MAJOR TAX RELIEF for middle class, no income tax for earnings up to Rs12 lakhs

Delhi: Finance Minister Nirmala Sitharaman proposes a new income tax bill and potential tax relief for the middle class, alongside reductions in life-...
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Government introduces tax relief for homeowners with new LTCG options

In Budget 2024, Finance Minister Nirmala Sitharaman proposed eliminating indexation benefits for homeowners. Under the new rules, homeowners who sell ...
Minister of Road Transport and Highways of India

Nitin Gadkari writes to Nirmala Sitharaman for dropping GST from life, medical insurance

Nitin Gadkari highlighted that the union also raised concerns about the discriminatory treatment of life insurance savings, the need to reinstate inco...
How Union Budget 2024 new tax regime eases tax burden for salaried class?

How Union Budget 2024 new tax regime eases tax burden for salaried class?

One of the major changes is the increase in the standard deduction for those opting for the new tax regime. The standard deduction has been raised fro...

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