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Showing posts with the label it return filing

What is The New Income Tax Returns Slabs and Rates Present in FY 2020-21?

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  The Income Tax Slabs and Rates Present in FY 2020-21 The income tax is a special kind of tax that a person is bound to submit to the Income Tax Department for a particular financial year . The benefit that can be gained from the Government of India is now the IT return filing can be done online. The Income Tax Slab   The Indian Income Tax Department levies tax on individual taxpayers on the basis of the slab system after ITR filing online . The different tax rates and slabs are stipulated for the income of different groups of people. The special point about the income tax slab is the income tax slab changes with every budget. The income tax slab is also separate for different kinds of taxpayers.  The Income Tax categorises three kinds of Income Taxpayers: The resident and non-resident individuals whose age is less than 60 years. The resident senior citizens whose age is between 60 to 80 years. The resident super senior citizens whose age is more than 80 years. These are the income

What is The Procedure To Fill Income Tax Return in India?

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  What Is The New Revised Tax Return Deadline for August 2021? Do income tax return easily with the help of Online Legal India. Tax Audit Report in the procedure of Transfer value which is under Section 92E and last date has been expanded to   November 30, 2021 . Income Tax Return of person deadline has been enlarged to November 30, 2021. Tax Audit Report filing the extreme date is October 31, 2021.  It is necessary to file the income tax returns online for every   the registered taxpayer whose taxable income . Whatever paper returns can be put in place by those who are above 80 years of age and do not have any income from methodical business or profession. When Income Tax is Free? Discount of up to Rs 12,500 is obtainable under section 87A under both tax authorities. Thus, no income tax is outstanding for total  taxable income up to Rs 5 lakh  in both organizations. IT return filing is now hassle-free. What is The Process of a Beginner File a Tax Return? You can also go neck and