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The deadline for filing the Equalisation Levy statement in Form-1 for the Financial Year 2020-21 has been extended till December 31, against the original due date of June 30.
In a relief for taxpayers, the Central Board of Direct Taxes (CBDT) has extended the due dates for filing of various electronic forms under the Income Tax Act, 1961.In a statement, the Finance Ministry said that the move comes on the back of ...
CBDT extends due dates for electronic filing of various forms IANS 04 August 2021 The Income Tax Department had mandated electronic filing of certain forms under the provisions of the Income Tax Act, 1961, read with Income Tax Rules, 1962 by taxpayers. But with the electronic system still giving trouble and making it difficult to file returns, the extension has been granted till further improvements are made in the system. Accordingly, the Quarterly statement in Form No 15CC to be furnished by authorised dealer in respect of remittances made for the quarter ending on June 30, 2021, requ...
Updated: Jul 24, 2021, 10:28 AM IST In the wake of the ongoing COVID-19 pandemic, the Finance Ministry has extended a host of timelines for compliances for income tax to ease the complications of taxpayers. The government also announced that tax exemption will be given for expenditure on COVID-19 treatment and ex-gratia in case of death. However, there are certain things related to Income Tax Returns that need to be completed before July 31. Check them out here. - TDS certificate, known as Form 16 was required to be provided to the employee by June 15, 2021. However, it has now been extended ...
Centre exempts tax on COVID-19 treatment, death Ex-gratia payments received from employers by the families of employees who lost their lives to COVID-19 would be exempt from income tax in FY20 and subsequent years, CBDT said in a statement The decsion taken by the finance ministry is likely to allay the buden of expenses incurred towards COVID-19 treatment | Picture for Representation BusinessToday.In Updated Jun 26, 2021, 10:19 AM IST The Centre has exempted tax on costs incurred during COVID treatment of an employee - borne by employers or any other person - for FY20 and later. ...