If you file tax, then do you know these main things?

If you file tax, then do you know these main things?

National / Tex / News /

Today is the last date for filing income tax returns for the financial year 2019-20. Earlier, the last date for filing ITR was 31 December. Which was increased to 10 January 2021. That is, you can file ITR today, after that you may have to pay a fine.

Keep some things in mind while filing your income tax return. The ITR application may be rejected due to a slight lapse. According to the Income Tax Department, the last date for declaration under the ‘Disputes for Trust’ scheme is 31 January 2021. For the financial year (2019-20), the deadline for filing income tax returns to companies has been extended. From 15 February 2021.

It is important to note that in India, it is necessary to pay income tax for every person from a job, business or profession. The condition for this is that your income tax exemption limit is more than 2.5 lakh rupees.

In August 2020, the central government released data on people who have paid income tax in the last 5 years. According to government figures, in a country with a population of over 130 crore, only 15 million people pay income tax. If it is compared to the total population, then the number of income tax payers in the country is only slightly more than one per copy.

 Fill bank details correctly

Correct the name, address, date of birth, email ID, mobile number during e-filing. It is necessary to give correct bank account information while filing ITR. While e-filing, please double check your bank name, account number, IFSC and MICR code. Only when you give the correct information, you will not face problems in getting ITR refund. To calculate your income correctly, you have to fill all the columns of the form carefully during e-filing.

Provide information about all bank accounts

Fill all the details about the number of bank accounts in your name. Many people do not give information about all their bank accounts, from which they have done transactions in that financial year. It is illegal to do so. The Income Tax Department has clearly stated in its Act that it is necessary to give information of all the bank accounts registered in its name to the taxpayers.
Make online return verification

Most importantly, after filling ITR, its e-verification is necessary, only after that the process of ITR is completed. You can verify your returns online. Which you can do by net banking, demat account, Aadhaar number and bank account details. To check the status of your ITR, visit website.

If you get a message and say on the phone that we are talking to the bank, we will pay your ITR, then do not give any SMS and any information and do not buy any policy in the name of ITR that many If it is getting fried then you can avoid it

And if you have to buy a policy to show under-section 80C or 10 / 10D, then you should go to the bank and buy any kind of call and avid it. And if you are getting more calls, then compile that number to the police

0 thoughts on “If you file tax, then do you know these main things?”

Leave a Comment