Income Tax Department Archives

May 27, 2025 7:13 PM

Income Tax Department extends date for filing ITRs from July 31 to Sep 15

The Income Tax Department on Tuesday extended the due date for filing income tax returns for FY 2024-25 (AY 2025-26) from July 31 to September 15. “In view of the extensive changes introduced in the notified ITRs and considering the time required ...

April 28, 2025 1:05 PM

CBDT launches aggressive drive to curb black money, targets Rs. 2.4 lakh crore in undisclosed income

The Central Board of Direct Taxes (CBDT) has instructed field formations of the Income Tax Department to intensify efforts against black money and tax evasion through a comprehensive, time-bound strategy aimed at bringing unreported and under-reporte...

January 14, 2025 1:23 PM

Net direct tax collections surge 16% to ₹16.90 lakh crore in FY25

India’s net direct tax collections recorded a robust 15.88% jump to ₹16.90 lakh crore during April 1, 2024–January 12, 2025, compared to the same period of the previous financial year, according to the latest figures compiled by the Income Tax ...

November 29, 2024 3:13 PM

All you need to know about PAN 2.0

A day after the Cabinet Committee on Economic Affairs approved PAN 2.0, the Income Tax Department on Tuesday issued a detailed clarification on the project, comprising 11 frequently asked questions (FAQs) to offer taxpayers detailed insights into the...

November 25, 2024 10:24 PM

Centre approves PAN 2.0 project worth ₹1,435 crore to transform taxpayer registration

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Monday approved the Income Tax Department's PAN 2.0 project with an allocation of ₹1,435 crore. The PAN 2.0 project aims to introduce a technology-driven...

July 26, 2024 10:48 PM

Over 5 crore Income Tax Returns filed till July 26

The Income Tax Department of India announced on Friday that over 5 crore Income Tax Returns (ITRs) for the assessment year 2024-25 have been filed as of July 26. This milestone was reached a day earlier compared to the previous year, signaling a robu...

January 24, 2024 12:07 PM

Tax returns double: 7.8 crore filings in past 9 years

The latest data released on Tuesday revealed a significant surge in the number of taxpayers filing returns, reaching 7.8 crore in the fiscal year 2022-23. Over the past 9 years, this marks a remarkable increase of 104.91%, attributed to heightened co...