Business Code For ITR For AY 2021-22
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.
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ITR 2021-22
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.
For AY 2021-22, the last date for filing your Income Tax Return is 31st July 2021 for the non-audited assessee, and for the audited assessee, the last date is 31st October 2021. Still, if you are not able to file …
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. In this post, we will know about the Income Tax Return Last Date …
Chapter VIA of the Income Tax Act covered certain deductions that are allowed from the Gross Total Income of the assessee. This chapter also covered deduction under section 80DD, which allows taxpayers to claim a deduction for the medical treatment …
Chapter VIA of the Income Tax Act covered certain deductions that are allowed from the Gross Total Income of the assessee. This chapter also covered deduction under section 80DDB, which allows taxpayers to claim a deduction for medical treatment of …
This section contains the provision regarding the deduction on payment of medical insurance premium, central government health scheme, and payment on account of preventive health checkup from the gross total income of the assessee
A tax rebate under section 87A is allowed to individual taxpayers (Age 60 or 60 + but below 80 years) for a maximum amount of Rs. 10000 if the total income is up to Rs. 500000 for FY 2020-21.
For AY 2021-22, individuals and HUF will have an option for computation of their income tax liability as per provision of section 115BAC and if they opt for this section, a new tax rate will be applicable and if they do not opt for section 115BAC, the existing tax rate will be applicable.