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File the right form and be aware of exemptions, taxpayers told

Peoples submit income tax submission before the deadline at LHDN office in Shah Alam (April 16,2021) - AZHAR MAHFOF/The Star PETALING JAYA: More than ever, this year’s tax relief measures offer a lifeline to many, especially since the Covid-19 pandemic has caused great upheavals and losses in the job market. With the deadline to file taxes fast approaching, tax experts are advising people to be aware of the relief they can claim for and the mistakes they should avoid. As of yesterday evening, the Inland Revenue Board (LHDN) had received 1.5 million tax return forms for individuals without business income, a 30% increase compared to the same time last year.

Government notifies new income tax return forms - The Hindu BusinessLine

Government notifies new income tax return forms April 01, 2021 × The Central Board of Direct Taxes (CBDT) on Thursday notified new income tax return forms for Assessment Year 2021-22 (Fiscal Year 2020-21). Though salaried people are supposed to file returns by July 31 and then there is separate dates for others, there is no indication about any change as of now in the notification. “Keeping in view the ongoing crisis due to Covid pandemic and to facilitate the taxpayers, no significant change have been made to the ITR Forms in comparison to the last year’s ITR Forms. Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been made,” CBDT said in a statement.

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