Chennai: In a significant ruling, the Madras High Court has upheld a ₹1.5 crore penalty imposed by the Income Tax Department on popular actor and Tamilaga Vettri Kazhagam president Vijay, delivering a setback as he gears up for an active political role. The court dismissed Vijay’s plea seeking relief from the fine, which was levied Read More…
New Delhi: The Income Tax Department has announced that taxpayers can now file Income Tax Return (ITR) Form 3 online through the official e-filing portal. This form is applicable to individuals and Hindu Undivided Families (HUFs) having income from business, profession, share trading, or unlisted equity investments. ITR-3 is specifically meant for taxpayers who earn Read More…
New Delhi: In a significant relief to taxpayers, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITR) for the assessment year 2025. The new deadline is now September 15, 2025, replacing the earlier cutoff of July 31, 2025. The extension comes in light of key revisions to Read More…