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<ul><li>14% <keyword id="59866" type="General" weightage="20" keywordseo="taxpayers" source="Orion">taxpayers</keyword> say they will not be able to meet the <keyword id="43355" type="General" weightage="20" keywordseo="deadline" source="Orion">deadline</keyword>. </li><li>70% surveyed said that they have already completed filing their income tax (IT) returns. </li><li>Taxpayers cite inability to file returns due to the effect of <keyword id="48088" type="General" weightage="20" keywordseo="floods" source="Orion">floods</keyword> in various parts of India. </li></ul>Revenue Secretary Sanjay Malhotra said last week that the possibility of extending the deadline for filing income tax returns for the financial year 2022-2023 beyond July 31, 2023, is unlikely. He advised taxpayers to expedite the process of filing their income tax returns before the mentioned deadline. However, according to community social media platform LocalCircles, 27% of individual income taxpayers surveyed are yet to file their FY2023 income tax returns. Moreover, 14% say they will not be able to meet the deadline. The surveyed have said that the delay in filing returns is primarily because India is grappling with the effects of heavy monsoon and floods in July, causing havoc in various regions. States like Assam, Himachal Pradesh, Uttarakhand, Telangana, Gujarat, Maharashtra, and Delhi NCR have been impacted by floods, landslides, and excessive rains, resulting in the displacement of thousands of people. The floods have led to power outages that last for hours and even days in some areas, disrupting the lives and work of many individuals. Based on the feedback from community discussions on LocalCircles, it appears that people are suggesting the Government to consider a two-week deadline extension for filing income tax returns. <cmsannotation type="cmsannotation" annotationid="Where do things stand, as per the survey" comment="subhead" text="Where do things stand, as per the survey">Where do things stand, as per the survey</cmsannotation> Out of over 12,000 respondents, one in four tax paying citizens admitted that they have not yet filed their income tax returns, as mentioned earlier. Out of these, 5% encountered difficulties but intend to try again before July 31, while 8% expressed confidence that they will comfortably file before the month-end. 9% stated it would be impossible for them to file before the deadline. This translates to approximately 14% of the respondents may likely be unable to meet the <keyword id="104359" type="General" weightage="20" keywordseo="income-tax-return" source="Orion">income tax return</keyword> deadline. Well, the clock is ticking.

One in four taxpaying citizen yet to file IT returns with 3 days to deadline

Debt MFs catch investor fancy as their returns go up to 23%

Ramesh Chauhan is divesting <keyword id="115415" type="General" weightage="80" keywordseo="bisleri" source="Orion">Bisleri</keyword> International to <keyword id="8836175" type="General" weightage="80" keywordseo="tata-consumer" source="Orion">Tata Consumer</keyword> Products Ltd (TCPL) for an estimated Rs 6,000-7,000 crore, The Economic Times reported. The current management will continue for two years as part of the deal. Chauhan, 82, has been in indifferent health in recent times and says he doesn't have a successor to take Bisleri to the next level of expansion. Daughter Jayanti isn't too keen on the business, Chauhan said. Bisleri is India's largest packaged water company. The <keyword id="6355725" type="General" weightage="50" keywordseo="tata-group" source="Orion">Tata Group</keyword> "will nurture and take care of it even better," although selling Bisleri was still a "painful" decision, Chauhan said. "I like the <keyword id="8555" type="General" weightage="100" keywordseo="tata" source="Orion">Tata</keyword> culture of values and integrity and hence made up my mind despite the aggression shown by other interested buyers", the report said. Bisleri is said to have had several suitors at different times, including <keyword id="58448" type="General" weightage="50" keywordseo="reliance-retail" source="Orion">Reliance Retail</keyword>, Nestle and Danone. Talks with Tata have been going on for two years and he made up his mind after meeting Tata Sons chairman N Chandrasekaran and Tata Consumer CEO Sunil D'Souza a few months back. "I like them. They are good guys," he told ET. Chauhan doesn't see any point in holding minority stakes after selling the business. "What will I do with it when I am not running the show?" he said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/no-more-chalta-hai-culture-male-crew-must-use-hair-gel-shave-in-case-of-receding-hairline-air-indias-grooming-guidelines/articleshow/95732842.cms">'No more chalta hai' culture, male crew must use hair gel, shave in case of receding hairline: Air India's grooming guidelines</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/article/unicorns-are-pass-cockroaches-are-the-new-favourites-of-venture-capitalists/articleshow/95734214.cms">Unicorns are passé, cockroaches are the new favourites of venture capitalists</a>

You Searched For "TCPL Packaging Ltd" and got 3 results

One in four taxpaying citizen yet to file IT returns with 3 days to deadline

Anagh Pal

Debt MFs catch investor fancy as their returns go up to 23%

Bhakti Makwana

Tata Consumer to acquire Bisleri for around Rs 7,000 crore: Report

IANS

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