A late filing fee is applicable if ITR is filed after the due date which for the current assessment year 2019-20 is December 31, 2020. The maximum penalty for filing ITR after the due date is Rs ...

New income tax slab 2020-21: A taxpayer earning Rs 15 lakh per annum ... advisable for them to go for the previous income tax slab instead of the new income tax slabs. See Zee Business Live TV ...

Before you actually sit down to upload your income tax return (ITR) or visit your Chartered Accountant for filing your ITR, it is better you do some ground work to save the time as well to ensure ...

The Central Board of Direct Taxes (CBDT) has notified the new Income Tax Return (ITR) forms for FY 2019-20/ AY 2020-21 (i.e. ITR 1 Sahaj, 2, 3, 4 Sugam, 5, 6, 7 and ITR-V), vide Income-Tax (12th ...

Income Tax Saving for AY 2020-21: Paying taxes on hard-earned income ... To get clear insights into tax saving, you need to understand tax slabs too. If you are also looking for tax-saving options ...

2020. Form 26AS : Verify the tax payment details as available in your form 26AS TDS Details: Verify the TAN details and the amount of credit available in your Form 16 ( for salary), Form 16A ( Non ...

Filing the correct ITR form is imperative. In case of incorrect filing, Income Tax Department will send the receipt of a defective notice to an individual and ask him/her to rectify within a ...

There is no change in the income tax slabs under the old tax regime. Since the introduction of the new tax regime in FY 2020-21, the government has made changes only in the new tax regime.

A company had filed its return for assessment year 2020-21 declaring a positive income and ... even though there is going to be no additional tax payable? Please also comment on section 119 ...

The last date for filing the tax audit report for 2020-21 fiscal is January 15, 2022. For fiscal 2019-20 i.e. AY 2020-21, the limit was Rs 5 crore for businesses and Rs 50 lakh for professionals ...