The Cryptocurrency industry has appealed to the government to reexamine the budget proposal to impose a tax deduction at source or TDS on virtual digital assests transactions, saying it will be difficult to comply with. The industries also urged the government to reconsider the decision to levy a tax of 30% on currency market value …
On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 read with Income-tax Rules,1962 (Rules), Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of such Forms. The further details are as under: …
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 …
The deadline for filing income tax returns for the financial year 2020-21 has now been extended to September 30, 2021. ITR should be filed by all irrespective of whether they fall in the taxable bracket or not, because many times the tax is deducted even if the salary is not taxable or more tax is …
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 launched its new portal e-filing 2.0 on Monday. Which is more user friendly than before, taxpayers themselves can easily file their tax returns, check refund status as well as make tax payments. Taxpayers update their personal details The Income Tax Department has asked the taxpayers to re-register their DSC immediately …
The new website of Income Tax e-filing will start from today, more facilities have been given in this new website than before. It was closed for 6 days before launching the new website. Till now taxpayers were doing many other things including filling their tax returns on the old portal of Income Tax (incometaxindiaefiling.gov.in). The …
Income Tax News Update: Relief for taxpayers is reported, the Central Board of Direct Taxes (CBDT) has increased the deadline for filing Tax Deducted at Source (TDS) to 30 June. Earlier, its last date was May 31, 2021. Earlier, in view of the second wave of Corona epidemic, the Income Tax Department had extended the …
There is a big relief news for those filing Income Tax Return. The government has extended the tax compliance and Income Tax Return deadline to May 31 for the financial year 2020, in view of the rising outbreak of the Corona epidemic. Taxpayers can also file Revised Return for FY 2020. Income Tax Return, Tax …