If you have filed your income tax return (ITR) for the 2020-21 appraisal year (AY) and have not received a refund so far, you are not alone. A technical update for faster ITR processing could be the reason for the delay. Many taxpayers, even those who filed their taxes in …
Read More »Do not forget these income when presenting the ITR
Since a large number of salaried people file their income tax return on their own, some may commit some omissions not with any intention, but out of ignorance of the law. Based on my experience practicing as a Certified Public Accountant, I wish to point out certain errors of omission …
Read More »Filing late can result in a fine of up to ₹ 10,000
You have one month and a few more days to submit your ITR for the previous year 2019-20. It is important to file your taxes on or before the due date, as the delay in filing will have its consequences. Along with the penalties, filing late will also take away …
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