Page 4 - Form 16 News Today

Form 16 is released yearly for the preceding fiscal year, generally before the end of May which runs from April 1st to March 31st.

Form 16/ 16A is the declaration of tax deduction at source provided by the employer on behalf of the employees.

Observing that “Form 16 is a reliable piece of evidence to determine income”, the Bombay High Court has enhanced compensation from Rs1.76 crore to over Rs2.7 crore for the family of a man who died in a car accident on Dec 15, 2012.

The last date to file the income tax return (ITR) for the financial year 2021-22 (FY22) is July 31, 2022. 

You can e-file ITR with the help of monthly salary slips, but the details of your income and tax liability should match with Form 26AS

ITR filing for FY 2021-22: The procedure of filing Income Tax Return varies as per the income earned per year and income source like salary, business profit, investment profit and so on. Check here the details of the documents needed for filing Income Tax Returns in India.

ITR Filing: The government extended the timelines of filing tax compliances amid COVID-19 Amid the second wave of the COVID-19 pandemic, the government, earlier last month, announced the extension of filing income tax returns (ITR) for the financial year 2020-21 by two months, till September 30. In order to provide relief to taxpayers and address difficulties faced by them during the pandemic, the Central Board of Direct Taxes (CBDT) also extended the timelines for various tax compliances un...

New ITR filing deadlines: Form 16 delayed, Income tax filing due date extended and more Premium Income tax filing: The deadline for companies and firms whose accounts are to be audited is 31 October. 3 min read Read Full Story Amid, the severe Covid-19 pandemic, the income tax (I-T) department has extended the I-T return filing deadline for 2020-21. The extension in timelines will help ease the pressure in the minds of taxpayers. Archit Gupta, Founder and CEO - ClearTax says that these relaxati...

Even though the ITR filing deadline has been extended to September 30, 2021 for individuals whose accounts are not required to be audited, but if such an individuals tax liability for FY 2020-21 exceeds Rs1 lakh, then they should ensure that they have paid the amount before July 31, 2021 to avoid paying penal interest.

Government extends timelines for income tax compliance Top Searches Government extends timelines for income tax compliance TNN / May 21, 2021, 07:24 IST FacebookTwitterLinkedinEMail Representative image NEW DELHI: The government on Thursday announced an extension in deadline for several income tax related compliances, including filing of returns by individuals. Individuals can now file returns up to September 30, instead of the prescribed July 31. Even last year, filing had been delayed due...