The last date for filing income tax returns for the financial year 2020-21 is 30 September 2021. Any person who is below 60 years of age, who earns Rs 2.5 lakh annually, is exempted from income tax. Any person whose total income exceeds the tax exemption limit, he has to file income tax return. We …
There is good news for taxpayers. Now the taxpayers will not have to stand in the dock of questions. In fact, the IT Department notified three official email IDs for taxpayers to file complaints under the ‘Faceless’ or e-Assessment Scheme. Under the e-assessment scheme, there is no face-to-face between the taxpayer and the tax officer. …
Whatever did not happen in the last 12 years regarding income tax , happened during the tenure of Modi government. The central government on Monday presented its account data for the financial year 2020-21. For the first time in 12 years, personal income tax has been higher than corporate tax. That is, ordinary taxpayers have …
As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the copy to the authorised dealer for any foreign remittance. In view of the difficulties reported by …
If you are facing any problem in filing Income Tax Return, then there is no need to find a Chartered Accountant for this, the Income Tax Department has made your problem easy. Taxpayers will get the help of CA, ERI The Income Tax Department had launched a new e-filing portal on 7 June. Taxpayers will …
Income Tax Return Deadline: In view of the second wave of Corona epidemic, the government has announced some reliefs for the taxpayers. The government has extended the deadline for income tax related works. As taxpayers will now have more time to file TDS, the government has extended tax relief to first-time home buyers as well. …
If you have not yet filed Income Tax Return, then fill it this month, because from July 1, you may have to pay a big price, let us tell you that the IT Department has made the rules very strict for th,ose who do not file ITR. If you have not yet filed Income Tax …
The Income Tax Department has given a big gift to the taxpayers before Diwali. The Income Tax Department has so far issued a refund of Rs 1.29 lakh crore to taxpayers. This year’s Diwali of Taxpayers has become spectacular with this amount received before Diwali. Nearly 40 lakh taxpayers get refund According to the Central …