By: ABP News Bureau | Updated at : 13 Jul 2021 02:43 PM (IST)
प्रधानमंत्री गरीब कल्याण योजना के तहत अघोषित आय के खुलासे का आज आखिरी मौका है.
The Income Tax Department has launched its new e-filing portal (www.incometax.gov.in) on June 7 under its Project CPC 2.0. This portal has been started to make the process of filing returns faster and easier for the income tax payers. The Income Tax Department may soon launch a mobile app, which will have all the features available on the new portal.
The Income Tax Department has already announced that it has extended the last date for filing income tax returns to 30 September. You can easily file your return by visiting this new portal. Let us know some things to keep in mind while filing the income tax return this year.
The changes
Income Tax Department has introduced a new facility named JSON to file ITR forms for the new financial year 2021. Currently, only tax return forms ITR 1, 2 and 4 have been issued. These forms can be easily refilled by taking data from the e-filing portal. This includes your personal information, salary income, capital gains and all the information contained in Form 26AS.
A new concessional tax facility has also been included from the financial year 2021. Under this, the taxpayer will get the option to choose between the old tax regime and the new tax regime before filing the return. If you are filing ITR, keep in mind that the money withdrawn from EPF has to be shown while filing the return.
While filing ITR, also give details of money withdrawn from EPF
Due to the Covid-19 pandemic, several exemptions were given by the government this year regarding EPF fund withdrawal. These also include exemptions like withdrawal of 3 months advance. Although this money withdrawn from EPF comes under the purview of tax exemption, you still need to show its details while filing ITR.
The financial assistance received from the government as part of the Covid-19 aid would be exempted from income tax. Keep in mind that it should be shown in the Exempt List while filing the ITR Failure to do so may result in a tax notice.
SEBI Guidelines Push Finfluencers To Reevaluate Content And Monetisation Strategies
Rising Insurance Premiums And Coverage Gaps. How Indian Consumers Can Stay Ahead In 2024
Lost Your Aadhaar Card? Here's How You Can Recover It
Market Momentum Could Propel Sensex To 90,000 And Nifty To 27,000 By December
Budget 2024: Govt Likely To Increase Provident Fund Limit After A Decade
Odisha: Chariots Brought To Puri Srimandir, Security Tightened As Prez Murmu To Witness Jagannath Rath Yatra Today
Monsoon 2024: Shah Dials Himanta As Assam Flood Situation Remains Grim, Bihar Rivers In Spate — Top Points
Union Budget 2024: Parliament Session To Begin On July 22, Budget Presentation On July 23
Rahul Gandhi To Visit Manipur On July 8, His Third Since Last Year's Violence, First As Lok Sabha LoP