New Delhi | The Centre on Tuesday extended the deadlines for several compliances, including the filing of Income Tax Return (ITR) for the assessment year 2021-22. The due date of furnishing of returns of income for the assessment year 2021-22 has now been extended to March 15, 2022. In a statement, the Ministry of Finance said […]
Tag: income tax
Rickshaw puller in UP gets I-T notice for Rs 3 crore
Mathura (Uttar Pradesh) | A rickshaw puller has approached the police in Mathura district after he was served a notice by the Income Tax (IT) department, asking him to pay over Rs 3 crore. Pratap Singh, a resident of Amar Colony in Mathura, submitted a complaint at the Highway police station, claiming fraud, after he received […]
Deadline for filing Income Tax returns extended to Dec 31
New Delhi | The Central Board of Direct Taxes (CBDT) has extended deadlines for several compliances, including the filing of Income Tax returns for the Assessment Year (AY) 2021-22. The due date of furnishing of returns of income for the assessment year 2021-22, has been extended to December 31, 2021, from September 30. In a statement, […]
Govt further extends tax compliance timelines; individuals can file returns by Sept 30
New Delhi | In view of the hardship being faced by taxpayers on account of the severe Covid-19 pandemic and on consideration of representations received from various stakeholders, the government has decided to provide further relief to taxpayers by extending various time limits of compliances. Accordingly, the Central Board of Direct Taxes (CBDT) has now extended […]
Pay penalty if not already filed I-T returns, no more extensions now
New Delhi: The Central Board of Direct Taxes dashed hopes of all taxpayers waiting for further extension of due dates for filing tax returns rejecting all representation in this regard, citing that the process cannot be delayed ‘indefinitely’ and hamper the functioning of the tax department and welfare programmes of the government. The decision means that […]
Deadlines for IT, GST return filing extended
New Delhi: The Centre on Wednesday extended the deadlines for filing ‘Income Tax’ and ‘GST’ returns for assessment year 2020-21. According to the Ministry of Finance’s Revenue Department, the deadline for filing ITR by those taxpayers whose accounts are to be audited has been extended till February 15, 2021. Besides, the deadline for filing ITR by […]
Centre extends deadline of filing tax returns to Dec 31
New Delhi: In a major relief to taxpayers, the Government on Saturday announced extension of the due date for filing income tax returns for the assessment 2020-21 by another month to December 31, 2020. The earlier extension allowed such filing by general taxpayers by November 30. Along with general category of taxpayers, the government also extended […]
Income Tax Dept issues guidelines for filing tax returns
New Delhi: The Income Tax Department has issued a lengthy instruction manual running into hundreds of pages for filling up the tax returns for assessment year 2020-21. The Income Tax Department has issued a detailed step by step reckoner for filing tax returns to be submitted under different heads. These instructions are guidelines to help the […]
Centre extends deadline of filing ITR for Financial Year 2019-20 to Nov 30
New Delhi: In a major relief for taxpayers amid the coronavirus pandemic, the Centre on Wednesday announced the extension of the due date for filing income tax returns for the financial year 2019-20. Speaking to the media here, Finance Minister Nirmala Sitharaman said that the due date of all income tax returns for FY 2019-20 will […]
20% salary to be deducted as tax if PAN, Aadhaar not given
New Delhi: Trouble and hardship is looming for those earning Rs 2.5 lakh per annum but have not provided PAN and Aadhaar details to the employer. This is consequent to the Income Tax Department asking employers to deduct 20 per cent salary as Tax Deducted at Source (TDS) from all employees who fail to furnish PAN […]