PF to income tax to air travel, 10 ways your life will change from today
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The interest earned on employee s contribution above ₹2.5 lakh in a year will be taxable from this month. Buying a pension cover will become easier. Take a look at key changes that are going to take place from 1 April
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With the beginning of new financial year from Thursday, there will be a host of changes in how you spend money. From changes airfare to standard insurance policies, several new norms will be effective from 1 April. The interest earned on employee s contribution above ₹2.5 lakh in a year will be taxable from this month. Buying a pension cover will become easier.
Over 5.01 cr income tax returns filed till Jan 4, still less than FY19
I-T Department says over 2.70 crore ITR-1 filed till January 4, which is lower than 3.09 crore filed till September 4, 2019. Over 1.04 crore ITR-4 returns filed till January 4 compared to 1.28 crore filed by September 4, 2019
BusinessToday.In | January 6, 2021 | Updated 09:49 IST
CBDT has extended last date for filing ITR to January 10
Over 5.01 crore Income Tax Returns (ITR) have already been filed till January 4 for the fiscal year 2020-21 , the Income Tax Department has said. The number is still less than the number of ITRs (5.63 crore) filed for FY19, the last date for which was August 31, 2019.
Synopsis
Due to novel coronavirus pandemic, various financial deadlines have been extended well into 2021 by the government. Here are the 16 financial deadlines that you should not miss in the new year i.e. 2021.
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It is the new year and like every year, we list out all the important financial deadlines you should not miss in the new year - 2021. However, unlike previous years where there were not more than 10 important financial deadlines to remember, in 2021, there are about 16 deadlines and dates you should know about. This is because thanks to the novel coronavirus pandemic, many important financial deadlines have been extended well into 2021.
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NEW DELHI: After intense lobbying by chartered accountants and tax professionals, the government has granted a fresh extension to those who have not filed their returns, citing Covid-19 as the reason.
A majority of individual taxpayers, who were earlier required to file their returns by December 31, have been given another 10 days till January 10 to comply with the statutory requirement, for which the original deadline was July 31.
The deadline for making declarations under the ‘Vivad se Vishwas’ scheme has also been extended up to January 31. Further, I-T returns for tax audit assessees can be filed up to February 15.
In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of COVID-19… https://t.co/sabAefM1qe Income Tax India (@IncomeTaxIndia) 1609331632000
Usually, the taxpayers are supposed to file ITR by July 31 but an exception was made this year due to the pandemic. So, if you re running late, you still just a few more days to sort it out