The bill contains many tax provisions beyond extending portions of the Tax Cuts and Jobs Act. It now goes to President Donald ...

Misreporting or underreporting income can lead to penalties of up to 200 per cent of the tax due. Tax experts warn that even ...

CBDT extends ITR filing deadline to Sept 15, detailing penalty waivers under Section 234A and unchanged advance tax penalties ...

Act, interest is charged when ITR is filed after the due date. Since the last date has been extended, no interest will be ...

The ITR filing deadline for FY 2024-25 has been extended to September 15, 2025, potentially waiving penal interest under ...

The Central Board of Direct Taxes (CBDT) has extended the last date to file income tax return from July 31, 2025, to ...

Discover complete tax guide for senior citizens (aged 60 and above) for FY 2024-25, covering due dates, exemptions, penalties ...

ITR-U stands for "Updated Income Tax Return". According to CA Ruchika Bhagat, MD, Neeraj Bhagat & Co it is filed using Form ITR-U under Section 139 (8A) of the Income-tax Act, 1961.

To build a more competitive state that attracts business, retains top talent and provides high-paying jobs, I support a simplified flat tax and the responsible elimination of the state income tax ...

However, that meeting alone had already dragged on for hours, from just after 1 a.m. on May 21 to finally voting on Trump’s tax bill just after 2:30 a.m. on May 22.

Income Tax Return (ITR) Filing Deadline Extended: The Central Board of Direct Taxes (CBDT), via its press release dated 27th May 2025, has extended the due date for filing ITR for Assessment Year ...

According to Section 234A, if you submit your return after ... On May 19, 2025, the Income Tax Department launched the updated ITR-U form in line with the Finance Act, 2025. Notable changes include an ...