The government today extended the last date for filing income tax returns for the assessment year 2018-19 by a month to Aug. 31. The new income tax return forms were notified early in April and taxpayers (whose accounts are not liable for audit) were earlier allowed to e-file their ITRs till July 31 which has...
Category: Income Tax India
Are you Paying Rent above Rs 50,000 per month ? : You Need To Deduct TDS and deposit it with Income tax
Critical Income Tax Update | New Delhi, India : If you are paying a monthly rent over Rs 50,000, you need to deduct tax from the rent that you pay to your landlord, said the Income Tax Department on its official Twitter account @IncomeTaxIndia. You should deposit the deducted amount in a government account, it...