Will take stock of discrepancies in assessee disclosures in ITR
This comes amid interim relief provided by some high courts, directing acceptance of applications of settlement even after February 1
Over 8 mn returns for FY21 have been filed so far, 14% of returns filed for FY20
If they have lost non-resident status because of enforced stay in India, this can bring them some reprieve
The summon to Parekh was triggered by inaccessibility of the portal during the weekend due to some maintenance activities
Do so once the glitches on the new tax portal have been ironed out
Treat it as capital gain if you buy and hold; as business income if you trade frequently
The corrective measures are being taken based on feedback from taxpayers, tax professionals and representatives of ICAI to provide taxpayers with a smooth e-filing experience, it said
The government on Thursday extended the due date of filing income tax returns for 2020-21 for individuals by two months till September 30.
Individual must now file return by January 10, 2021; due date for ITR filing for companies extended by 15 days to February 15, 2021
The deadline for filing GST annual return for 2019-20 fiscal has been extended by 2 months till February 28, 2021
'Continued challenges' faced by people in the coronavirus pandemic prompts tax department to extend deadlines.
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The finance ministry has notified the extended due date for filing income tax returns (ITR) for the 2019-20 fiscal
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The date for linking PAN with Aadhaar has also been extended further till March 31, 2021
The due date for filing ITR for FY2019-20 has already been extended till November 30, 2020
Sitharaman further said the income tax department will fast track processing of pending refunds to charitable trusts, LLPs, non-corporate businesses and proprietorship firms, among others
Government support in the form of 12% employer and 12% employee contribution extended for another three months - June, July and August
Last date for filing March, April and May 2020 GST returns extended to June 30, 2020