LateFiling

ITR Deadline Looms: Finance Ministry Holds Firm on September 15 Cutoff

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ITR Deadline Looms: Finance Ministry Holds Firm on September 15 Cutoff

Will the Income Tax Return (ITR) filing deadline be extended again? With just days to go before the September 15 cutoff, the Finance Ministry has issued a fresh reminder, but has stayed silent on any further relief. This has raised speculation that taxpayers may be out of time. In a detailed communication dated September 7, … Read more

The Income Tax Bill, 2025: A Step Forward, But a Stumble for Small Earners

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The Income Tax Bill, 2025: A Step Forward, But a Stumble for Small Earners

While the new Income Tax Bill, 2025 is designed to simplify tax laws and help taxpayers, it still contains a significant catch for small earners. What’s New and What’s Missing The bill, based on recommendations from a parliamentary panel led by BJP MP Baijayant Panda, now allows taxpayers who file returns after the due date … Read more