NEW DELHI: After intense lobbying by public accountants and tax professionals, the government has granted a new extension to those who have not filed their returns, citing Covid-19 as the reason. Most individual taxpayers, who were previously required to file their returns by December 31, have been given another 10 …
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NEW DELHI: On Wednesday, the government further extended the deadline for filing income tax returns (ITR) for the 2019-20 financial year (2020-21 assessment year) for individual taxpayers by 10 days until January 10 2021 in the wake of the Covid-19 pandemic. In a tweet, the IT department said: “In view …
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ITR filing: The Income Tax Department provides seven different forms to income tax assessors. The Income Tax Department provides seven different forms for appraisers to report their income in a financial year. These forms allow taxpayers to share information about their income with the tax authorities and claim any benefits, …
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The CBDT said the deadlines have been extended in order to “give taxpayers more time to file income tax returns.” To allow more time for taxpayers to file Income Tax Returns (ITR) for the 2019-20 financial year, the government has further extended the due date for filing Income Tax Returns. …
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NEW DELHI: On Wednesday, the Income Tax (TI) department extended the ITR filing deadline for fiscal year 2019-20 (financial year 2018-19) from September 30 to November 30 due to the situation of Covid-19. The IT department took to Twitter and wrote: “Following further consideration of the genuine difficulties taxpayers face …
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NEW DELHI : The Central Board of Direct Taxes (CBDT) on Wednesday further extended the last date to file ITR for the 2019-20 fiscal year (2018-19 fiscal year). The date has been extended from September 30 to November 30, 2020. The IT department, in a statement, said the decision was …
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Starting Friday, all income tax appeals will be faceless. Unveiled by Prime Minister Narendra Modi in August, the faceless evaluation scheme “will honor honest taxpayers of income tax in the country.” Under a faceless scrutiny assessment, a central computer collects the tax returns for scrutiny based on risk parameters and …
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