Section 194P provide relief to senior citizen from filing of Income Tax Return
New section 194P of the Income Tax Act will provide conditional relaxation for senior citizens who are aged 75 or above 75 years.
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Income Tax
New section 194P of the Income Tax Act will provide conditional relaxation for senior citizens who are aged 75 or above 75 years.
FM Smt. Nirmala Sitharaman did not announce any changes in the Income Tax slab but have changed some rules to help ease of compliance for taxpayers.
All the important Income tax related dates you need to know for February 2021
The Gross Total Income is the income you earn by adding all heads of Income e.g. from salary, capital gain, profession and business, house property and other sources income.
The department officials says that further extension would affect the collection of revenue.
For every assessment year, the last date for filing your Income Tax Return is 31st July for the non-audited assessee, and for the audited assessee, the last date is 31st October (Unless Extended). Still, if you are not able to …
On 12th January 2021, the Central Board of Direct Tax (CBDT) notifies Faceless Penalty Scheme 2021. The penalty under this scheme shall be imposed as may be specified by the CBDT. Faceless Penalty Scheme 2021 The New Scheme, “Faceless Penalty …
Sometimes a financial year is also called a fiscal year or sometimes a budget year. it also varies from country to country and also depends on the situation.