Salaried taxpayers can now file returns for AY22 by Sept 30
May 20, 2021
Corporates will get one more month to file returns
Salaried income taxpayers will get two more months to file income-tax returns for AY22 (FY21). The Finance Ministry on Thursday eased dates for 14 types of compliances.
“The due date for furnishing of return of income for AY22, which is July 31 under sub-section (1) of section 139 of the Act, is extended to September 30,” a circular by the Central Board of Direct Taxes (CBDT) said.
Corporate and individual taxpayers, who are liable for tax audit, will get one more month to file returns. The circular provided the due date for furnishing of return of income for AY22 for such assessees as November 30 from the scheduled date of October 30. Similarly, the due date for furnishing of audit reports has been extended by a month to October 31. Even the last date for filing belated/revised return for all categories of taxpayers has been extended by a month from
How to file KRA tax returns on iTax
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If you earn an income in Kenya, the Kenya Revenue Authority (KRA) requires that you file your income tax returns by June 30 every year.
Just like applying for a Personal Identification Number (PIN) on iTax, filling your returns is just as easy and should not take you more than 15 minutes. That is if you have the necessary documents. For those in employment you need a P9 form from your employer and if you are self employed you will need a profit and loss statement. For those not in gainful employment like students one also expected to file a return but it will be a nil return.
yeah good time tonight just before tax monday, news warnings are out for those who hire professionals to help file returns. nearly 60% of us use accountants how do we know we are getting the expertise promised? here is abc s steve osunsami. the commercials are pretty funny. i thought you were a tax expert. reporter: the guy you are trusting to complete your taxes today could be working under your sink tomorrow. today i am a master plumber. reporter: the government says thousands of families like debbie and keith aren t laughing. we cried for days. reporter: for three years they used one of the seasonal office tax preparers to file their taxes. they were newly married using extra money to send care packages to soldiers overseas, and the tax preparers were
w-2. your income is coming from a lot of different places, a lot easier to fudge that. here are some things. this will sound like oh, my gosh, these people, i can t believe what they are doing. it s one thing to go and say one thing to the irs and then put on your facebook or your twitter account the opposite. what does that? listen, if you re having approximate paying your taxes, listen to me. do not say that your facebook status update is that you bought an ipad today. not going to fly. you always want to be really careful what you say online, okay, but you don t want to be calling attention to yourself. social networking sites will be looked at. we do know, yes, we ve heard that the irs is looking at people s social networking sites, so just be really careful about that. really quick, if you are audited, what s step number one? math mistakes. do not make math mistakes, e-file, turbotax, 20% of people who file returns have mistakes.