Income Tax Deadline 31 Dec 2025: CBDT NUDGE Campaign Flags Wrong Refund Claims, Revised ITRs Top 15 Lakh, Foreign Asset Disclosures in Spotlight
India’s Central Board of Direct Taxes on December 23 launched a data-driven campaign urging taxpayers to correct flagged deduction and exemption claims before the December 31 deadline for revising income tax returns. The outreach targets suspected bogus donations and undisclosed foreign assets, using advanced analytics and global data-sharing. Refunds are being held for returns under review. Multinational firms have been asked to remind employees to disclose overseas income.