General

Section 194P – Exemption for ITR Filing for Senior Citizen

January 6, 2022 expert

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Section 194P – Exemption for ITR Filing for Senior Citizen The Finance Act of 2021 added a new section namely, 194P. And this particular section set forth the conditions for senior individuals aged 75 and up, to be excluded from filing ITRs or income tax returns. The new Section 194P has taken effect from the […]

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Income Tax

Want to file an Income Tax Return for the previous years? How many years delay?

October 20, 2021 expert

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Want to file an Income Tax Return for the previous years? How many years delay? There is a specified due date to file ITR for taxpayers as per Income Tax law. The last date may vary according to the type of taxpayers. Filling ITR 2019-2020: For the financial year 2019-2020, ITR needs to be filed […]

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Income Tax

Direct tax code: From easier ITR filing to easing tax burden, experts hope high

September 5, 2019 expert

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  A new Direct Tax Code (DTC) drafting made with the assistance of Talented committee by Modi’s Team.  Ages-ago the Income Tax Act, 1961 were formed and this is now replaced by DTC. It is always experience that matters a lot in the direct tax code. With the ages of work experience tax experts are […]

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