Tag Archives: ITR

Due to Covid-19, the expiration date to file the return was extended first to November 30, 2020, then to December 31, 2020, and finally to January 10, 2021. To ensure that assessors file their income tax return (ITR) on time, provision for a late payment surcharge of up to Rs …

From the last year of evaluation, it is mandatory to pre-validate the bank accounts to obtain the electronic service credit (ECS) of your income tax refund in the account. In case you have not yet received the amount of last year’s income tax refund, please check if the bank account …

Income tax return, GSTR-9 annual return filing: As 2020 draws to a close, several deadlines are just around the corner. It is important to note that you must know the timelines for key financial tasks to avoid fines, penalties, and other problems in the coming year. There are several important …

According to the Income Tax Department, as of December 22, 2020, more than 3.82 crore of income tax returns have been filed for AY 2020-21. Last presentation date of ITR 2020: Good news for taxpayers. The last date to file the income tax return (ITR) for the fiscal year 2019-2020 …

As the 2019-20 fiscal year ended in the middle of the full lockdown on March 31, 2020, several compliance dates were extended, including the due date for filing ITR for AY 2020-21. Each year, the due date for filing the income tax return (ITR) used to be July 31 of …

the coronavirus The pandemic has stopped many things with the national shutdown affecting most businesses and individuals. The dates for filing income tax returns have also been extended to ease the burden on individuals. The usual date to submit the ITR for the 2019-20 fiscal year would have been July …

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 …

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 …

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 …

New Delhi: The Income Tax Department issued a clarification on Saturday stating that there is no written reporting requirement for daily trading and the short-term sale or purchase of shares listed on income tax returns for the year of appraisal 2020-21. CBDT issues a clarification that there is no written …