On consideration of difficulties reported by taxpayers/stakeholders due to Covid & in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961, CBDT further extends due dates for filing of Audit reports & ITRs
Interest u/s 234A is calculated @ 1% for every month or part of the month on the amount of tax payable. This interest is calculated from the due date to the date of the actual filing of the Income Tax Return.
Deduction under section 80DDB is allowed for expenses incurred for medical treatment of specified diseases or aliments (check the list below). This section allowed a deduction to resident individuals and HUF only.