CBDT News

India's Fiscal Strength Shines: Direct Tax Collections Jump 15.6% to Rs 27 Lakh Crore in 2024-25

India's direct tax collections grew by 15.59% to Rs 27.02 lakh crore in 2024-25, driven by higher corporate and non-corporate taxes and a surge in securities transaction tax receip...

Government Denies Plans to Impose GST on UPI Transactions Over Rs 2,000

The Indian government has clarified that there are no plans to impose GST on UPI transactions over Rs 2,000, dismissing recent reports as false. The finance ministry explained that...

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...

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 ...