The judge's order, issued on Saturday (local time), temporarily halts access to a sensitive payment system that distributes Americans' tax returns, Social Security benefits, disability payments and federal employees' salaries, CNN stated.
Shashi Bhushan Shukla, Commissioner (Investigation), CBDT advised all taxpayers to carefully review their foreign income and assets and report them accurately in their Income Tax Returns (ITRs).
As part of the campaign, the CBDT will send informational messages via SMS and email to resident taxpayers who have already filed their ITR for AY 2024-25.
There has been a 120 per cent increase in returns filed between 2014 and 2024. From some 3.6 crore Income Tax Returns Filed in 2014, it increased to 7.9 crore this year.
The Central Board of Direct Taxes (CBDT) has announced the extension of the due date for filing Income Tax Returns (ITR) for corporates in the assessment year 2024-25, The Ministry of Finance said in an official release on Saturday.
Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch is likely to be scheduled to appear before the Parliament's Public Accounts Committee in the national capital on Thursday, sources said.
The total number of ITRs for assessment year 2024-25 filed till July 31, 2024 is more than 7.28 crore, which is 7.5 per cent more than the total ITRs for assessement 2023-24 (6.77 crore) filed, a Ministry of Finance release stated on Friday. Out of the total ITRs of 7.28 crore filed, 5.27
The Income Tax Department of the Government of India on Wednesday informed that over seven crore Income Tax Returns (ITRs) were filed on July 31, marking the last day for submissions.
Over 5 crore Income Tax Returns (ITRs) have already been filed for AY 2024-25 till July 26 this year as compared to July 27 last year, the Income Tax Department said on a post on the social media platform X.
Under the proposed provisions, if a salaried or a retired taxpayer chooses the new tax regime, he will now get a standard deduction of Rs 75,000 instead of Rs 50,000, which was applicable till last year, on his/her salary or pension income. But for those who opt for the old tax regime the st
Pune (Maharashtra) [India], July 10: Bajaj Markets, a leading financial marketplace in India, is committed to simplifying financial processes for its users. As the July 31st deadline for filing Income Tax Returns (ITR) for the financial year 2023-24 approaches, the marketplace is offering a