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