The government on Friday extended deadlines for various income tax compliances and said the amount paid by an employer to employees for COVID-19 treatment would be tax-exempt. Also, payment received from employer by family members in case of death of an employee due to COVID-19 would be exempt from income tax. The…
The new Income Tax e-filing portal has had its share of glitches and hiccups that prompted union finance minister Nirmala Sitharaman to ask Infosys to fix them soon after its launch. The income tax department officials are scheduled to meet the Infosys team on June 22 to address the issues so that users don’t face…
The government on Monday relaxed electronic filing norms for submitting Income Tax forms 15CA and 15CB to manual format after some taxpayers reported difficulties in electronic filing of Income Tax Forms on the portal www.incometax.gov.in, Ministry of Finance said in a press release. As per the new norms, Income Tax…
The new e-filing portal will also facilitate free of cost ITR preparation software available with interactive questions to help taxpayers. The Income Tax department is all set to unveil its new e-filing portal beginning Monday – June 7. It claims that the new portal will have many taxpayers friendly…