As preparations for Union Budget 2026 gather momentum, India’s New Tax Regime has clearly emerged as the cornerstone of the government’s personal taxation strategy. Following the sweeping relief announced in Budget 2025, policymakers appear increasingly committed to nudging taxpayers toward a simpler, deduction-light tax structure. The sharp increase in the…
Tag: #IncomeTaxIndia
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Income Tax Refund Delays: IT Dept Flags Ineligible Claims
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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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…
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ITR Filing Deadline 2025 Nears: Will Govt Extend the Date?
With less than 24 hours left before the Income Tax Return (ITR) filing deadline for AY 2025–26, taxpayers across India are racing against time. The Central Board of Direct Taxes (CBDT) had already extended the original due date of July 31 to September 15, 2025. Now, many are speculating whether…
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How High Earners Save Lakhs While Middle Class Pays More
High-income professionals in India are increasingly leaving traditional salaried roles to become independent consultants, not just for flexibility but also to legally save lakhs in taxes. According to CA and educator Meenal Goel, the move is driven by major tax benefits available to consultants that salaried employees often miss out…