By Shailesh Yadav India’s tax administration has undergone a dramatic transformation over the past decade, with taxpayer refunds growing at nearly double the pace of tax collections, Ministry of Finance …
All Rights Reserved. India Narrative 2025
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Taxpayers
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Economy
30,161 taxpayers declare foreign assets worth more than Rs 29,000 crore in CBDT’s ‘nudging campaign’
by ANIby ANIBy Shailesh Yadav The Central Board of Direct Taxes (CBDT) “nudging campaign” has yielded significant results with 30,161 taxpayers declaring foreign assets worth over Rs 29,000 crore, government sources told …
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Economy
51 lakh, or 7.5% more Indians filed income tax returns this year; 72% of taxpayers opted new regime
by ANIby ANIThe taxpayers and tax professionals made their compliances in time, leading to a surge in filing of Income-tax Returns (ITRs), which resulted in a new record of ITRs filed till …
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The Income tax department has already processed and issued refunds for 2.45 crore returns for assessment year 2023-24. A total of 6.98 crore ITRs were filed, with 6.84 crore of …