Infosys has been asked to address issues linked to complex filings
The income tax department said more than two crore ITRs for the financial year 2020-21 have been filed so far and the performance of the new I-T portal has 'substantially stabilised'
ITR filing has increased to 320,000 daily in September 2021
Ensure you file your returns ahead of time, in case you need to make changes
Instead, they will just have to make a declaration in Form 12BBA to their bank, which will deduct TDS
Will take stock of discrepancies in assessee disclosures in ITR
This comes amid interim relief provided by some high courts, directing acceptance of applications of settlement even after February 1
Over 8 mn returns for FY21 have been filed so far, 14% of returns filed for FY20
If they have lost non-resident status because of enforced stay in India, this can bring them some reprieve
The summon to Parekh was triggered by inaccessibility of the portal during the weekend due to some maintenance activities
Do so once the glitches on the new tax portal have been ironed out
Treat it as capital gain if you buy and hold; as business income if you trade frequently
The corrective measures are being taken based on feedback from taxpayers, tax professionals and representatives of ICAI to provide taxpayers with a smooth e-filing experience, it said
The government on Thursday extended the due date of filing income tax returns for 2020-21 for individuals by two months till September 30.
Individual must now file return by January 10, 2021; due date for ITR filing for companies extended by 15 days to February 15, 2021
The deadline for filing GST annual return for 2019-20 fiscal has been extended by 2 months till February 28, 2021
'Continued challenges' faced by people in the coronavirus pandemic prompts tax department to extend deadlines.
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The finance ministry has notified the extended due date for filing income tax returns (ITR) for the 2019-20 fiscal
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