Income Tax Declaration Form 9-9 Last Date How You Can Attend Income Tax Declaration Form 9-9 Last Date With Minimal Budget

Income tax acknowledgment aftermost date: The due date for assessees to book their ITRs has been continued by a month



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“The Central Board of Direct Taxes (CBDT) extends the ‘due date’ for filing of Assets Tax Allotment from July 31, 2019 to August 31, 2019 in account of the said categories of taxpayers,” the Ministry of Finance said in a statement. (Also read: ITR aftermost date continued by one month) 

There accept been demands for an addendum in filing ITR date back the arising of the TDS (tax deducted at source) account for budgetary year 2018-19 was delayed, said the CBDT order. (Also read: Filing A Belated Assets Tax Acknowledgment Attracts Up To Rs. 10,000 Penalty. Here’s How To Avoid It)



Many accountant accountants and tax professionals had additionally appealed to the government to extend the acknowledgment filing deadline.



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The Assets Tax Department had aftermost ages continued the borderline for administration to affair the Form 16 TDS (Tax Deducted at Source) affidavit for banking year 2018-19 to their advisers by 25 canicule till July 10. This larboard the salaried taxpayers with a bound timeframe of 20 canicule to book their assets tax returns. 

Not filing the assets tax acknowledgment aural the due date attracts a amends of Rs 5,000 for filing a belated acknowledgment by December 31, as per accepted tax laws.

A backward fee of Rs 10,000 is applicative if the assessee files a acknowledgment amid January 1 and March 31.

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Individuals who acquire a defined bulk of anniversary assets are appropriate to book an assets tax acknowledgment (ITR) aural the pre-determined due date. 

Income tax is levied on alone taxpayers on the base of a slab system. 

There are three categories of alone taxpayers: individuals (below the age of 60 years) which includes association as able-bodied as non-residents, citizen chief citizens (60 years and aloft but beneath 80 years of age) and citizen cool chief citizens (above 80 years of age). 

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Those accepting an anniversary assets of Rs 2.5 lakh or added are mandatorily appropriate to book assets tax returns. For chief citizens (individuals amid 60 years and 80 years of age), the absolute is Rs. 3 lakh, and for actual chief citizens (aged aloft 80 years), the absolute is Rs. 5 lakh, according to the Assets Tax Department. 

(With inputs from agencies)

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Last Updated: December 7th, 2019 by darurat
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