Your ITR will be filled in a pinch, this process is launched by the Income Tax Department for benefits - Newztezz Online

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Wednesday, December 23, 2020

Your ITR will be filled in a pinch, this process is launched by the Income Tax Department for benefits


If you haven't filed your income tax return yet, don't delay. 
You can now file your 
ITR in a pinch The Income Tax Department has immediately launched an 'Instant Processing' service for filing ITRs . This will be your main job in a few minutes.

Instant processing service launched

According to the information, the Income Tax Department has started instant processing service for ITR-1 and 4. It allows you to file AY 2020-21. The Income Tax Department also said that as on December 20, about 3.69 crore people had filed their income tax returns.

December 31 is the deadline

The deadline for filing ITRs with the Income Tax Department has been extended several times this year due to the Corona virus epidemic and lockdown. As per the information received, you can now file your ITR for FY 2019-20 till 31st December.

Tax relief

Recently, Union Finance Minister Nirmala Sitharaman said that the deadline for direct tax assessment has also been extended. It has now been extended from 30 September to 31 December. He also said that TDS, TCS will give a relief of Rs 50,000 crore to the giver. There will be a lot of relief, especially for non-celery. That means a refund will be given to the professional immediately.

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