Currently, for FY 2024-25, individuals earning above Rs 3 lakh but below Rs 7 lakh in the new regime, and above Rs 2.5 lakh but below Rs 5 lakh in the old regime, must file ITRs to claim Section ...
About 83.9 million Indians have filed income tax returns (ITRs) for financial year 2023-24 (FY24) as of December 2024. Of these, only 28.2 million (or 34%) paid tax, while the remaining 55.7 ...
“Following a campaign by the Central Board of Direct Taxes (CBDT), 24,678 taxpayers reviewed their ITRs and 5,483 taxpayers filed belated returns for AY 2024-25, declaring foreign assets worth ...
For the 2022-23 fiscal, 8.61 crore ITRs were filed. The idea behind comprehensive income tax review as announced in the Budget is to make the tax law simpler. "We will come up with a draft and ...
The Central Board of Direct Taxes (CBDT) “nudging campaign” has yielded significant results with 30,161 taxpayers declaring foreign assets worth over Rs 29,000 crore, government sources told ANI. Show ...