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For non-resident Indians (NRIs), filing income tax returns (ITRs) in India can seem complex. But with increased digital scrutiny and evolving compliance requirements, it is more important than ever to get it right.
With the ITR deadline for FY25 (AY26) set for 15.09.2025, NRIs should begin preparing well in advance.
Read more at : Livemint
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The Income tax department’s investigation wing has unearthed evidence of bogus transactions to the tune of Rs. 600 – 700 crore during extensive search operations at establishments of major dairy product manufacturers and their linked entities in Agra, Dholpur, Bikaner and Jodhpur, officials said on Wednesday.
The Central Board of Direct Taxes (CBDT) has extended the tax relief for sovereign wealth funds (SWFs) and pension funds by a year to March 31, 2025, against the previous expiry of March 31, 2024.
India is considering reducing income tax for people earning up to ₹15 lakh annually in the upcoming February Budget, aiming to provide relief to the middle class and stimulate consumption amid an economic slowdown, news agency Reuters reported citing two government sources.