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Income Tax Dept to launch new ITR filing portal on June 7: All you need to know

Income Tax Dept to launch new ITR filing portal on June 7: All you need to know
indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.

IT Dept to launch new ITR filing portal on June 7; check out new features, benefits

IT Dept to launch new ITR filing portal on June 7; check out new features, benefits
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

Income Tax Filing (ITR): How to Show Crypto Earnings While Filing Returns On Income, ITR Filings

How To Disclose Earnings From Cryptocurrencies While Filing ITR In the absence of clear guidelines from the income tax authorities, it is not clear for those who have invested in cryptocurrencies how to show their earnings Updated: May 22, 2021 4:05 pm IST Crypto investors are now not sure how they should file their ITR in absence of a clear guideline The government recently extended the deadline for filing income tax returns for the financial year 2020-21 to September 30. According to the Income Tax Act, a person, who has an annual income of more than Rs 2.5 lakh or who has received a payment on which tax was deducted at source, needs to file an ITR, disclosing all earnings. But cryptocurrency investors are now not sure how they should file their ITR in absence of a clear guideline to classify earnings from the virtual currencies.

Big news for FD investment! THESE forms will have to be submitted before June 30

Highlights Those who invest in FD will have to submit 15G and 15H on or before June 30. Both forms have a direct relation to Fixed Deposit (FD). 15G and 15H forms are directly related to Fixed Deposit (FD) and it helps in saving TDS (Tax Deduction at Source). In order to give relief to the taxpayers, the government has extended the deadline for submitting Income Tax Return for the year 2020-21. The Central Board of Direct Taxes (CBDT) has extended the deadline 2 months for personal ITR and one month for companies or partnership firms. Those who invest in FD will have to submit 15G and 15H on or before June 30. According to the new notification of CBDT, there has been no change in its deadline. This form has to be filled and submitted to the bank, otherwise, the bank deducts the money.

ITR filing: Which should you file? Find out the type that suits you

ITR filing: Which should you file? Find out the type that suits you Income Tax Office, Indore The government on Thursday (May 21) extended the due date of filing Income Tax Returns for 2020-21 for individuals by two months till September 30. The Central Board of Direct Taxes (CBDT) has also extended the ITR filing deadline for companies by a month till November 30 Here s a guide on what is ITR, types of ITR and everything to do with ITR filings. ITR stands for Income Tax Return. The Income Tax Act, 1961 governs all the ITR forms and procedures to be followed. What is ITR?

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