Persistent glitches at the new income tax portal have prompted tax professionals to urge union finance minister Nirmala Sitharaman to extend the income tax filing deadline to February 28, 2022. The last date for filing returns for assessment year 2021-22 is December 31. Similar to the Central government staff, employees with state governments, […]
Breather for tax payer; AIS data not for tax calculation: CBDT December 08, 21. On the alleged discrepancies related to stock sale and purchase data of assessees on newly-introduced Annual Information System (AIS), the Central Board of Direct Taxes (CBDT) has said that AIS data is not being used for suo […]
The deadline to file income tax returns (ITR) for assessment year 2021-22 is 31st December 2021. Though the income tax (I-T) department has introduced an automated filing system, annual information statement (AIS) along with other initiatives to ease the filing process, filing tax returns can be cumbersome. Due date to file […]