Category: Tax

Why Taxpayers Have Only 10 Days to Verify Income Tax Returns?

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The Income Tax Department has announced a critical deadline for taxpayers you must verify your Income Tax Returns (ITR) within 10 days of filing to ensure your returns are processed correctly. This verification step is essential for the completion of the filing process. Taxpayers are given a 10-day window to verify their Income Tax Returns […]

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Net direct tax collection rises 22.5% to Rs 6.93 trillion till August 11

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India’s net direct tax collection, with refunds adjusted, grew 22.5% to Rs 6.93 trillion between April 1 and August 11 of FY25. In the same period last year, tax collection was at Rs 5.65 trillion, according to the Income-Tax (I-T) Department’s latest data released on Monday. Of the tax mop-up, personal income-tax (PIT) outpaced corporation tax. […]

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Special Drive To Weed Out Fake GST Registration Begins On Aug 16: CBIC

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The second Special All-India Drive may be launched by all Central and State Tax administrations from August 16 to October 15, 2024, to detect suspicious or fake GSTINs. Central and State GST officers will launch a pan-India special two-month drive against fake registration beginning August 16, the CBIC said on Monday. This is the second […]

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