Search result for 'updated returns'

Over 90 lakh updated income tax returns filed in last 4 years, yielding Rs 9,118 crore in additional taxes. Government extends time limit for filing updated returns to 4 years.

India's FY26 Budget unveils significant tax reforms, including a simpler income tax law, higher TCS threshold, and benefits for the middle class. Learn about the key changes.

India's Finance Minister announces extension of tax filing deadline to 4 years, along with other tax benefits for senior citizens and startups. Read more about the 2023 Budget.

Income Tax Department finds 90,000 individuals claiming incorrect deductions, leading to Rs 1,070 crore in withdrawn claims. The department is reaching out to employers and taxpayers to rectify...

The Income Tax Department has found discrepancies between rent paid by employees and rent received by landlords for FY 2020-21, leading to data analysis of high-value cases.

Income Tax Department asks taxpayers to file updated ITRs for Assessment Year 2021-22 by March 31 due to mismatch in information. Read more.

India's Central Board of Direct Taxes (CBDT) has collected Rs 4,600 crore from 56 lakh updated ITRs filed in the past two years, with a new demand management centre addressing large tax disputes.