We have little less than three months to complete the income tax return (ITR) filing process for the financial year 2019-20. However, ITR filers can start preparing by collecting TDS certificates, if subject to any TDS, from deductors because the…
The pitfall to avoid while availing extra time to file Tax Returns
A rider that the government inserted in June while giving extra time for filing income tax returns for FY20 could cost high net worth individuals additional interest outgo if large tax dues were not paid by July end, cautioned tax…
Report Other Income in Tax Returns
When you file your income tax return (ITR), Form 16 issued by your employer may not be the only document you need. The income from selling capital assets, house property and interest on deposits needs to be disclosed in your…