ITR 2021-22: List of transactions needed to furnish your tax return

There are several transactions that one needs to mention mandatorily in the ITR 2021-22 (AY 2022-23). It is necessary to avoid a notice from the I-T department

Gross collection at Rs 6.45 trillion is 47 per cent higher than last year. This includes corporation tax of Rs 3.58 trillion and personal income tax, including securities transaction tax, of Rs 2.86 trillion.

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BS Web Team New Delhi

2 min read Last Updated : Jul 18 2022 | 11:10 AM IST

The last date for filing income tax return (ITR 2021-22) is July 31. Missing the deadline may lead to the Income Tax Department (I-T Department) penalising, or filing even criminal charges, against a taxpayer. There are several transactions that one needs to mention mandatorily in the ITR 2021-22 to avoid a notice from the I-T department.

This year, taxpayers can choose to file the ITR under the new or the old regime. Tax exemption limit under a new regime has been set at Rs 2.5 lakh per annum. In the old tax regime, the limit was Rs 2.5 lakh for

Topics : income tax return Personal Finance Taxation IT development taxpayer ITR filing

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