Will deadline for income tax filing change in the new Income Tax Bill?
Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The ...
New Income Tax Bill 2025: What is ‘tax year’ and how is it different from 'assessment year?
The new Income Tax Bill 2025, which is likely to be tabled in the Parliament on February 13, aims to simplify the terminology ...
New Income Tax Bill aims to clear confusion between Assessment Year and Financial Year. Here’s how
The new Income Tax Bill, 2025 will replace the complex Income Tax Act of 1961, simplifying tax administration with clearer ...
New Income-Tax Bill to replace 'assessment year' with 'tax year’ , make compliance easier
The Income-Tax Act, of 1961, uses "assessment year" and "previous year" for filing returns. In the new bill, 2025, the tax ...
Tax yr, crypto, salary deductions: What you should know about New Tax Bill
The new bill has also provided repeals and savings clause to ensure that rights and benefits accrued to the taxpayers under ...
Number filing tax returns late DOUBLES with 1.1m now facing fines of up to £1,500
HMRC ramped up its warnings ahead of the 31 January deadline, but the number of taxpayers who filed late nearly doubled to ...
The Financial Express12d
Taxpayers alert! You will now pay 70% additional tax if filing updated tax return after…
Budget 2025 extends the time limit for filing updated ITRs from 24 months to 48 months, but taxpayers filing late may have to ...
Income Tax: ITR(U) filing deadline extended to 48 months–Key details you need to know
Now taxpayers have a longer timeframe of up to 48 months to file an updated income tax return which was 2 years earlier. The ...
Income Tax: ITR (U) filing deadline extended to 48 months – key details you must know
An updated tax return, filed as per Section 139(8A), permits taxpayers to correct omitted or inaccurate income declarations.
New Income Tax Bill 2025 Live Updates: Sitharaman may table new I-T Bill today - Check direct tax code, new vs old tax slabs & more
The new bill, which aims to simplify the tax language for common people, will replace the Income Tax Act, 1961.
The Economic Times on MSN13d
60%, 70% penal income tax payable when filing updated income tax return in 3rd, 4th year from end of AY: Budget 2025
Budget 2025 extends the period for filing updated income tax returns from 24 months to 48 months. Taxpayers will now face ...
Kentucky tax refunds could be delayed in 2025. Here's why
The 2025 tax filing season is underway, and Kentucky taxpayers are being encouraged to file as early as possible, as the state prepares to transition to a new tax filing system, ...