Earning from social media! MUST know this ITR filing rule
Those people who earn a substantial income from social media platforms also need to file their ITR, if their annual turnover is Rs 50 lakh or more.
DNA Web Team
Jan 23, 2021, 04:05 PM IST
The last date of income tax return (ITR) filing for FY 2019-20 (AY 2020-21) was extended to January 10, 2021 due to the COVID-19 pandemic.
However, for tax audit and TP audit the last due date is February 15, 2021. Those people who earn a substantial income from social media platforms like YouTube, Facebook, Twitter, etc., also need to file their ITR if their annual turnover is Rs 50 lakh or more.
ITR filing: File your returns with these free apps at ease, here s how
Due to the pandemic, the government of India extended the deadline for filing income tax returns multiple times and the last date is now January 10. With the use of free applications, anyone can file their tax returns in a few minutes. (File image for representation)
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Updated: Jan 9, 2021, 03:40 PM IST
Filing income tax can be a huge task for many people. Due to the COVID-19 pandemic, the government of India has extended the deadline for filing income tax returns multiple times. The last date to file the IT returns is now January 10. For the businesses and firms, the last date for doing the same is February 15.