January 2, 2025
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Tag: Central Board of Direct Taxes

Income tax return deadline extended: Revised filing now allowed until January 15

Income tax return deadline extended: Revised filing now allowed until January 15

User02 mins

The Income-Tax Department announced an extension for the deadline for filing belated or revised income tax returns for the fiscal year 2023-24 to 15th January 2025. Previously, the last date for resident individuals to make these submissions for assessment year (AY) 2024-25 was set at 31st December 2024.The department made this announcement in a post…

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Govt seeks public comments for income tax law revamp

Govt seeks public comments for income tax law revamp

User03 mins

NEW DELHI: The govt-appointed committee to rework the Income Tax Act has sought public inputs and suggestions in four categories for simplification of language, steps to reduce litigation, ease compliance requirements, and identification of redundant or obsolete provisions, clearly indicating the direction in which it is working.In her budget speech finance minister Nirmala Sitharaman had…

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