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Income Tax Return
The applicability of ITR forms varies and depending on the sources of income of the taxpayers, the amount of the income earned, and the category the taxpayers like individuals, HUF, and companies, etc. Here are the complete details for Types of ITR Forms-
CBDT has notified all the Income Tax Return Forms for the AY 2021-22 with minimum changes in ITR form 1 to ITR form 7
Section 80G of the Income Tax Act provides benefits for both donor and donee.
Business Code for ITR is needed when you are filing your Income Tax Return, where you need to enter the type of business you are doing and what is the code of that business under the Income Tax Act.
Last Date of ITR and Tax Audit– The due date of filing your ITR is a date by which, the assessee can submit your Income Tax Return (ITR) without any late fee and penalty. The class of taxpayers listed under …
On 20th May 2021 vide circular no. 9/2021, the government has extended the due date of ITR and Tax Audit For AY 2021-22.
In view of the severe pandemic, the Central Board of Direct Taxes, in the exercise of its powers under Section 119 of the Income-tax Act, 1961, provides the following relaxation circular no. 09/2021 in respect of Income-tax compliances by the …
If the assessee fails to submit an Income Tax Return till the due date then he will be liable to pay Interest and Penalty.