Page 5 - Form 16 News Today

Income Tax Return Filing 2021: Amid COVID-19, the government extended the due date of filing income tax returns for the financial year 2020-21 by two months till September 30

»This Year’s Union Budget Is All Digital With Made In India Tablet As Out Goes The Bahi Khata 1-MIN READ This Year’s Union Budget Is All Digital With Made In India Tablet As Out Goes The Bahi Khata Finance Minister Nirmala Sitharaman seen carrying a tablet for a paperless budget on Monday. ANI photo The use of a Made In India tablet is a dual push for digitization as well as the Atmanirbhar Bharat push along with the Made in India initiative. Earlier, the government rolled out the Union Bu...

»How is Income Tax Calculated, Can it be Paid Online? All You Need to Know Ahead of Union Budget 2021 4-MIN READ How is Income Tax Calculated, Can it be Paid Online? All You Need to Know Ahead of Union Budget 2021 Finance Minister Nirmala Sitharaman had announced the new concessional income tax regime last year. As Finance Minister Nirmala Sitharaman delivers her promised budget speech on Monday, which is expected to provide relief to the middle class by way of income tax benefits, we answer ...

Story outline Abhishek Soni, CEO and co-founder, Tax2Win.in says, "This year we have observed that the Income Tax Department is sending one email to the taxpayers where there are huge deviations in the income tax return filed as compared to the form 16. In such cases, the Income Tax Department is sending the mail to confirm the amount of refund." On many occasions the Form 16 issued by the employer may not contain all deductions that are available to taxpayers under the existing law. If the tax...

While filing your tax returns, entering accurate bank details and e-verifying once you are done can help avoid complications later

Updated Jan 08, 2021 | 06:55 IST The government typically gives four months window period to taxpayers wherein they can compile all the documents required to file the return without an error. ITR filing last date fast approaching, heres a list of essential documents to finalise tax return&nbsp | &nbspPhoto Credit:&nbspGetty Images New Delhi: Income tax return filing last date, January 10, is fast approaching. Filing an income tax return (ITR) is one of the most important...