INSUBCONTINENT EXCLUSIVE:
August 31, 2019 is the due date for assessees to file their income tax return (ITR) for assessment year 2019-20 (financial year 2018-19)
Missing this due date, set by the Income Tax Department, will attract penalty charges up to Rs 10,000
The taxman has provided seven forms - named ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 - for filing of ITR, and one form - ITR-V -
for verification, according to its website - incometaxindia.gov.in
various income slabs by the taxman?There are three categories of individual taxpayers- individuals (below the age of 60 years) which
includes residents as well as non-residents, resident senior citizens (60 years and above but below 80 years of age) and resident super
For senior citizens (individuals between 60 years and 80 years of age), the limit is Rs 3 lakh, and for very senior citizens (aged above 80
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