Alert: Income tax Return ITR filing last date taxpayers must fill 6 form By July 31

In a major relief to the taxpayer, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing income tax returns for the financial year 2020-21 and assessment year 2021-22. Now a person can file his income tax return till 30 September.

Are you also among those who think that July 31st is far away? The work of income tax return will be completed a day before. If this is the case then you may fall into the trap. Who saw yesterday’s time? If today’s work is done today, then tomorrow you will take rest. But if work is not done on the last day, then rest will turn into restlessness and depression. Therefore, follow the instructions given by the government and complete all the important work related to income tax and ITR before July 31.

There are 6 important things in this list. The Income Tax Department has been warning about this in advance. Later, no taxpayer can say that the decree was issued suddenly. So now is the time. Know about these 6 important tasks, complete them on time and live happily.

1. The Finance Ministry has made it clear that companies have to issue Form 16 to their employees before July 31. It is the duty of the employee to get it by July 31. On the earning of salary, a company has the obligation to deduct tax on it and fill Form-16 by calculation. These forms are given to employees for ITR
2. Complete all the work related to Income Tax Form No. 64C before July 31. It contains complete information about investment funds. The statement of whether funds were deposited or credited in the account of the holder during 2020-21 will be recorded in Form 64C. According to the central government, this work should be completed by 31 July 2021.
3. In Form 15CC, the authorized dealer has to fill the quarterly statement. Whatever earnings he has earned till 30 June 2021, it is necessary to give information about it by 31 July 2021. won’t get a chance later
4. Complete details of the Equalization Levy Statement have to be given in Form 1. This work also has to be done by 31st July.
5. Under section 9A of income tax, the information of annual statement has to be given in sub section (5). Those who give details of the fund’s investment in Form No. 3CEK will have to fill this form for 2020-21. This work also has to be done by 31st July.
6. Option to withdraw pending application (filed before the erstwhile Income Tax Settlement Commission) under sub-section (1) of section 245M of Income Tax in Form No. 34BB, can be exercised on or before 31st July, 2021

These are two important dates

Giving a big relief to the taxpayer of the country, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing income tax returns for the financial year 2020-21 and assessment year 2021-22. Now a person can file his income tax return till 30 September. But there are some works related to income tax which need to be completed by July 31.

These functions have been mentioned above.

CBDT has extended the date for filing income tax return in exercise of powers under section 119 of the Income Tax Act, 1961. Along with this, the CBDT had also extended the deadline for companies to issue Form-16 to employees till July 31. The deadline for filing Revised Income Tax Return will now be 31st July 2022. That is, if there is any mistake in the ITR filed last time, then it can be filled again with correction.

These 6 things you need

1. Taxpayers can now submit their Income Tax Return ITR till 30 September 2021
2. Due to Kovid, the central government has extended the deadline for filing income tax returns, giving relief to the people. take it as final and get the job done
3. Individual income tax returns for the year 2020-21 can be submitted by 30 September
4. If your total annual income is more than Rs 2.50 lakh in a year, then it is necessary to file income tax return. Failure to do so may result in notice
5. For tax exemption, paper will have to be shown in ITR, information about exempted investments will have to be given. If you earn more than the tax exemption limit from your job, business or profession, then it is necessary for you to file ITR.
6. Do not be late or hesitant in filing ITR. Do not give wrong information. A little carelessness can get a notice from the Income Tax Department

How to fill correct return

Suppose you work in a company. Your main source of income is salary. The company will deduct tax on your salary, then multiply and fill Form-16. The company will issue this form to you. You will get this Form-16 from the previous and current company. Now you see that how much money was received from the company, how much deduction was made by the company and the taxes you have paid, all these things will have to be filled in the return. Keep in mind that the information you are giving in ITR should match with Form-16. Otherwise the notice will not take long to arrive.