Finish these 5 things before Income Tax rules change on April 1 - Tax exemption provided to individuals who received funds for Covid treatment and money received by family members on death of a person due to corona.
What is the new proposed ITR filing rule and how is it beneficial for taxpayers - If updated ITR is filed within 12 months, an additional 25% on the due tax and interest will be levied. It will go up to 50% if filed after 12 months.
ITR deadline: File Income Tax Return via tax e-filing portal - Step-by-step guide here - For the convenience of the taxpayers the government launched an e-filing portal on June 7. This will help taxpayers to file income tax returns online.
I-T department rolls out new annual information statement - How AIS will be helpful in tax filing - AIS can be accessed by clicking on the link 'Annual Information Statement (AIS)' under the 'Services' tab on the new Income tax e-filing portal.