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Searched Tag: income tax no 2 bill

Citing changes in the digital infrastructure of income tax filing platform, portal glitches owing to severe monsoons, reduced working days due to early onset of the festival season, and delayed release of return utilities, the CCATAX has requested that the central taxation board delay the due date for filing income tax returns

CA body urges CBDT to extend due date for filing I-T returns

August 27, 2025, 05:48 PM - 2 min read

Citing changes in the digital infrastructure of income tax filing platform, portal glitches owing to severe monsoons, reduced working days due to early onset of the festival season, and delayed release of return utilities, CCATAX has requested that the central taxation board delay the due date for filing income tax returns

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The old Income Tax Act, 1961, which had undergone over 4,000 amendments in all these decades, was considered too long (containing over five lakh words) and too complex

I-T (No 2) Bill, 2025: What’s in it for the taxpayers?

August 12, 2025, 07:59 PM - 5 min read

To come into force from April 1, 2026, the Income Tax (No 2) Bill carries simpler language, clarifies deductions and empowers I-T officials to forcibly break into personal emails and social media accounts of assessees during search operations

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