The Central Board of Direct Taxes (CBDT) has officially unveiled the income tax return (ITR) forms, specifically ITR-2 and ITR-3, for the financial year 2023-24 (assessment year 2024-25). The filing deadline for both ITR-2 and ITR-3 is scheduled for July 31, 2024. Taxpayers subjected to income tax audits with business income are required to submit […]
Nitin Gupta, Chief of the Central Board of Direct Taxes (CBDT), announced that the income tax department has collected approximately Rs 4,600 crore in taxes from 56 lakh updated income tax returns filed by taxpayers over the past two years. In a post-budget interview, Gupta revealed that a demand management center has been established in […]