Central Board of Direct Taxes

Taxpayers take note! Crack down against 40,000 TDS/TCS defaulters planned by Income Tax department – The Times of India

February 26, 2025 0

Officials will target recurring defaulters, examine instances showing significant variations between tax deduction and advance tax payment. (AI image) Taxpayers take note! The Income Tax Department plans to initiate a countrywide action against defaulters who have not deposited their TDS/TCS, according to officials. Based on tax deductions in FY22-23 and FY23-24, nearly 40,000 taxpayers are being investigated.A comprehensive 16-point strategy …

Income tax return deadline extended: Revised filing now allowed until January 15 – Times of India

December 31, 2024 0

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 on X, “CBDT (Central Board …