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ITR filing FY 2024-25: The Income Tax Department has extended the ITR filing deadline for AY 2025-26 to September 15, 2025, for non-audit taxpayers. This extension, from the usual July 31st, accommodates changes in ITR forms. Taxpayers are advised to file before the deadline to avoid penalties, including late fees up to Rs 5,000 and a 1% monthly interest on outstanding taxes.
The efforts for financial inclusion (FI) started with the nationalization of major banks in 1969/1980. The journey of FI included many milestones, each building on the last to promote FI further. The RBI introduced ‘No-Frills...
India aims to boost textile exports to 40 nations, targeting a $600 billion market, after the US imposed a 50% tariff on Indian goods. The government plans to leverage existing free trade agreements to enhance its global market share.
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