Income Tax News

Last-Minute Tax Filing? Income Tax Offices Across India to Remain Open March 29-31

The Income Tax Department in India will keep its offices open from March 29 to March 31, 2025, to help taxpayers with last-minute filings before the fiscal year ends. Despite holid...

Income Tax Dept Demands Rs 559 Crore from Indian Overseas Bank: A Deep Dive into the Financial Standoff

The income tax department has demanded Rs 559 crore from Indian Overseas Bank (IOB) under Section 156 of the Income Tax Act, 1961. IOB plans to appeal, citing strong legal grounds ...

Deadline Extended: File Your Revised Income Tax Returns by January 15, 2025

The Income-Tax Department has extended the deadline for filing belated or revised income tax returns for the fiscal year 2023-24 to January 15, 2025, providing taxpayers with more ...