The Income Tax Department has launched a nationwide drive to crack down on large-scale manipulation, where false claims of deductions have been identified and are currently under scruty. Tax authorities are leveraging multiple databases with the help of Artificial Intelligence to detect and investigate these discrepancies. The Central Board of Direct Taxes (CBDT) states that while the primary focus is on deductions related to fake…
The Central Board of Direct Taxes (CBDT) has granted taxpayers a welcome breather by extending the income tax return filing deadline from 31st July 2025 to 15th September 2025. In the past, deadline extensions have been granted for various reasons, often following persistent representations had to be made in past by professional bodies and industry associations. While exceptional situations like the COVID-19 pandemic & natural…
