Amid mounting complaints from taxpayers over delayed income tax refunds for the assessment year 2025–26, the Income Tax Department has attributed the slowdown to a surge in ineligible deduction and exemption claims, urging affected individuals to file revised returns by December 31. The clarification comes as social media platforms and…
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Sitharaman Chairs Finance Meet at Chintan Shivir 2025
Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, along with Minister of State for Corporate Affairs, Shri Harsh Malhotra, chaired the Chintan Shivir of the Ministry of Finance and the Ministry of Corporate Affairs at Hampi in Vijayanagara district, Karnataka, on 20 December 2025. The event brought together…
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CBDT Launches Data-Driven NUDGE to Curb Bogus Tax Deductions
The Central Board of Direct Taxes (CBDT) has intensified its crackdown on bogus claims of deductions and exemptions under the Income Tax Act by adopting a robust, data-driven compliance strategy. As part of this initiative, the tax authority has launched a targeted taxpayer-friendly ‘NUDGE’ campaign to encourage voluntary correction of…
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ITR Filing Deadline 2025: No Extension Portal ‘Working Fine’
The Income Tax Department has confirmed that the deadline for filing income tax returns (ITR) for assessment year 2025–26 remains 15 September 2025. Amid heavy traffic and user complaints of glitches on the e-filing portal, the department clarified that the system is “working fine” and there will be no extension…