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Senior citizens: Strike a balance between tax saving and liquidity

Read more about Senior citizens: Strike a balance between tax saving and liquidity on Business Standard. They must also maximise the utilisation of the higher deductions available to them

Covid-19 impact: Companies bolster risk handling after a year of bouncers

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Avoid Filing Revised Income Tax Returns For Faster Processing Under The Jhatpat Scheme

Tax Return Filing Deadlines Extended: Complete The Process Quickly To Save On Interest And Penalty

Tax return filing deadlines extended: Complete the process quickly to save on interest and penalty The income Tax return filing deadline for the assessment year 2020-21 has been extended for the third time to January 10, 2021 December 30, 2020 / 08:43 PM IST If you haven’t filed you tax returns till now, you don’t have to panic, as the government has extended various timelines for doing so. The income tax return (ITR) for Assessment Year 2020-21 was to be filed by December 31 for various assessees. On account of the disruption due to the COVID-19 pandemic, deadlines have been extended. In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of COVID-19, the Government further extends the dates for various compliances, the finance ministry said in a tweet. It is to be noted here that chartered accountants have been demanding extension of the deadlines.

Income Tax Return: Whether to show pending salary, contributions in ITR or not