Income Tax Return: Advance Tax Payment Due Date Nears; Details Here

 







Income Tax Department has an important update for taxpayers. You need to pay your second installment of advance tax by September 15, 2021 which is Wednesday. “Education is the bedrock of growth of our nation. Your taxes make education accessible for all! Do remember to pay your second installment of Advance Tax by 15th September, 2021,” Income Tax India tweeted on Monday

Meanwhile, Central Board of Direct Taxes(CBDT) has issued tax refunds of more than Rs 70,120 crore to over 26.09 lakh taxpayers.
Income Tax Return ITR Filing Last Date 2021
A few days back, CBDT had further extended the due dates for filing of Income Tax Returns (ITRs) and Audit Reports for the Assessment Year (AY) of 2021-22 in view of the difficulties reported by taxpayers in filing of ITRs.
The due date of furnishing of Return of Income for AY 2021-22 (individuals and non-audit cases) has been extended till December 31, 2021.
The last date of furnishing of return of income for the AY 2021-22 (Companies and Audit cases, excluding TP cases) is February 15, 2022.
The due date of furnishing of Return of Income for the Assessment Year 2021-22 (TP Cases) is till February 28, 2022.
The last date of furnishing of Report of Audit for the previous year 2020-21 is till January 15, 2022.
The due date of furnishing report from an accountant by persons entering into international transaction or specified domestic transaction for the previous Year 2020-21 has been extended till January 31, 2022.
The due date of furnishing of belated/revised Return of Income for the AY 2021-22 is on March 31, 2022.
Source:https://www.india.com/business/income-tax-return-advance-tax-payment-due-date-nears-details-here-4955775/

Download our App to get knowledge updates: https://play.google.com/store/apps/details?id=com.app.gstmitra

Join Our Telegram Channel for more updates:https://t.me/praveengst


Comments

Post a Comment

Popular posts from this blog

Centre appeals against ruling on levy of GST on maintenance charges to resident welfare associations

Image
  The Centre has preferred a writ appeal before the Madras High Court against a single judge's order that flat or villa owners paying more than ₹7,500 a month towards maintenance charges to their residents’ welfare associations must pay Goods and Services Tax (GST) at the rate of 18% only for the amount exceeding ₹7,500 and not for the entire monthly contribution. Justices T.S. Sivagnanam and Sathi Kumar Sukumara Kurup on Wednesday allowed an application filed by the Centre to dispense with production of a certified copy of the judgment passed by Justice Anita Sumanth recently and directed the Registry to list the appeal for admission in the usual course. Justice Sumanth had in July this year quashed an order passed by the Authority for Advance Ruling (AAR) on June 21, 2019 as well as a consequent circular issued by the Department of Revenue under the Union Finance Ministry on July 22, 2019 since both of them had insisted upon collecting GST for entire monthly contribution. The jud...
Read more

Seven key things to know before filing income tax return (ITR) for FY21

Image
  The last date to file income tax return for the financial year 2020-21 has been extended to September 30, 2021. Although there is more than two months left for the deadline to end, it is always recommended to complete the task as soon as possible and not to wait for the last minute. Worth mentioning here is that the income tax department last month launched a new e-filing portal (www.incometax.gov.in) to speed up the processing of tax returns. The I-T department will soon launch a mobile application, having all the features of the new portal. This year taxpayers have to take care of the following changes in the ITR filing process. 1) A new utility named JSON has been launched for filing tax return forms for FY21. At present, only three forms, ITR 1, 2 and 4 have been released. These new forms will import pre-fill data such as personal details, salary income, dividend income, interest income, capital gains and all the information available in Form 26AS. 2) Taxpayers will have the ...
Read more

Income Tax Dept detects ₹350 cr unaccounted cash receipts after raid in Rajkot

Image
  The Income Tax Department carried out a search and seizure operation on a real estate group based in Gujarat's Rajkot and found unaccounted cash receipts in various projects of approximately ₹350 crore, the Finance Ministry said on Friday. The group is among Gujarat’s prominent real estate builders and developers and is actively engaged in real estate, construction and land trading businesses in and around Rajkot. More than 40 premises were covered in the search operation. During the course of operation, many incriminating documents and digital evidences were seized indicating involvement of the group in unaccounted transactions. The IT sleuths found substantial evidence of transactions outside the regular books of accounts, unaccounted cash expenses, cash advances received and interest paid in cash. Evidence of on-money payments in real estate projects-flats, shops and land deals has also been found. Total unaccounted cash receipts in various projects of approximately ₹350 crore...
Read more