Income Tax Return: Will Sep 15 Deadline For ITR Filing Extend Further? What Expert Says

'No change in rates of taxes': Income Tax Department issues clarification on Income Tax Bill 2025

Income Tax Return: Will Sep 15 Deadline For ITR Filing Extend Further? What Expert Says

The ITR filing deadline for FY2024-25 is now September 15, 2025, due to delays in Excel-utility forms. Complete filings on time to avoid penalties.

No Change in Tax Rates in New Income Tax Bill: CBDT Clarifies I Economy India

Finance Ministry refutes speculation over hike in long-term capital gains tax, affirms new Income Tax Bill 2025 maintains existing rate structure By Economy India | July 29, 2025 NEW DELHI I Economy India: In response to recent media speculation, the Income Tax Department on Tuesday issued a clear clarification stating that the new Income Tax Bill, 2025 does not propose any change in existing tax rates, including those applicable to long-term ca…

No Hike In LTCG Tax Rates In New Income Tax Bill, I-T Department Clarifies

There are no changes proposed in the long-term capital gains (LTCG) tax rates in the new Income Tax Bill, 2025, the Income Tax Department clarified on Tuesday."There are news articles circulating on various media platforms that the new Income Tax Bill, 2025 proposes to change tax rates on LTCG for certain categories of taxpayers. It is clarified that the Income Tax Bill, 2025 aims at language simplification and removal of redundant/obsolete prov…

No change in tax rates under Income Tax Bill 2025: IT Department

New Delhi, July 29 (SocialNews.XYZ) The Income Tax Department on Tuesday issued a clarification on the proposed Income Tax Bill 2025, saying the bill is only meant to simplify language and remove redundant or outdated provisions, and does not propose any change in tax rates. The clarification came after several media reports and social media posts claimed that the new bill would alter Long Term Capital Gains (LTCG) tax rates for certain categori…

Income Tax Department Expands Rule 21AK Scope: FPIs in IFSCs Now Eligible for Exemptions

Income Tax Department Expands Rule 21AK Scope: FPIs in IFSCs Now Eligible for Exemptions On July 28, 2025 the Central Board of Direct Taxes (CBDT) under section 295 with clause (4E) of section 10 of the Income Tax Act, 1961 issued a notification for Income Tax Rules. CBDT enhanced its key changes like Expanded scope, […]