Saturday, January 22, 2022
HomeFinanceImportant news! Complete this work before 31st December, otherwise, a penalty will...

Important news! Complete this work before 31st December, otherwise, a penalty will be imposed after 1st January

To Watch This News in Hindi, Click Here – जरूरी खबर! 31 दिसबंर से पहले हर हाल में निपटा लें ये काम, वरना 1 जनवरी के बाद लगेगी पेनाल्टी

If you come under the purview of income tax, then know that the last date for filing an income tax return is 31 December. If you do not deal with it before the deadline, then you may suffer a big loss.

The last month of the year i.e. December is going on. There are many important tasks which we need to get done before 31st December. If you do not tackle these tasks before the deadline, then you may suffer a big loss. The last date to file Income Tax Return is 31 December 2021.

If you do not file an income tax return by December 31, then you may have to pay a fine of Rs 5,000. However, there are many taxpayers who can file their ITR even after the expiry of the deadline without paying any penalty. Let us tell you that CBDT has extended the deadline for filing ITR for the financial year 2020-21 to 31 December 2021. 

Read More: Urfi Javed broke all limits of boldness, now shown her glamour in a transparent skirt

How to file ITR (e-filing portal)

If you have not filed an income tax return yet, then you can file your tax return by visiting the e-filing portal. Here is the easy process. 

For this, first, go to the e-filing portal incometax.gov.in

– Now click on the Login button.

  • Now enter your username and click on the continue button.
  • Now enter your password. 
  • Now you click on the e-file tab and click on the File Income Tax Return option.
  • Select the assessment year 2021-22 and then click on the continue option.
  • Then you will be asked to select the option ‘Online’ or ‘Offline’.
  • Select the online option and click on the continue tab.
  • Now you select the option ‘Personal’.
  • Now click on the ‘continue’ tab.
  • Select either ITR-1 or ITR-4 and click on the ‘continue’ tab.
  • The reason for the return will be asked under the 7th provision under section 139(1) or above the exemption limit.
  • Select the correct option while filing ITR online.
  • Enter your bank account details.
  • Now a new page will be sent to file ITR.
  • Verify your ITR and send a hard copy of the return to the Income Tax Department.

Deadline for Submission of Life Certificate 

Pensioners are required to submit a Life Certificate every year. Failure to do so puts you at risk of losing your pension. Let us tell you that the deadline for submitting life certificates for government pensioners was 30 November. Which has been extended to 31 December 2021.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

Good news to customers! These banks increased their interest rates; check new rates here

For the last few days, big private and government banks of the country are increasing their interest rates. The purpose of banks is to...

Don’t like the photo on your Aadhaar Card? Change your Aadhaar photo like this

Aadhaar Card Photo Update: There will be a few people, who would like the photo on their Aadhar card. Aadhaar Card Photo Update: There will be...

Delhi: Weekend curfew will going to end, the odd-even system will also be removed from shops, CM Kejriwal sends a recommendation to LG

Weekend Curfew In Delhi: In recent times, there has been a decline in new cases of the coronavirus. In view of this, CM Arvind...

E-Advance Ruling Scheme: The Finance Ministry has approved the e-advance ruling scheme, which will assist taxpayers

E-advance decision: Hearings before the Board for Advance Rulings will be held via video conferencing under the e-advance ruling programme. Taxpayers will have a chance...

IBA filed a suggestion to the Finance Ministry to shorten the lock-in period of bank FDs from 5 to 3 years

Lock-in of bank FDs: Interest rates on bank FDs have been steadily declining, and they are no longer proving to be beneficial in terms of...

Subscribe

* indicates required