Income Tax Dept to Launch New ITR Filing Portal on June 7:New Features and Benefits

Income Tax

The Income Tax (I-T) Department is going to launch a new ‘taxpayer friendly’ income tax e-filing portal – www.incometax.gov.in, on June 7, 2021, as the Central Board of Direct Taxes mentioned earlier this month that all the existing portals will be out of service for a period six days beginning next month, that is from June 1 to June 6. On May 19, Income Tax Department announced that the transition from the old website – www.incometaxindiafiling.gov.in to the new – www.incometax.gov.in will be completed and will be fully functional from…

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Latest Updates on ITR Filling of Year 2019-2020

ITR

This year has been pretty hectic not because of work but how the pandemic has pushed our life in a shell. ITR filling usually happens in the first quarter of the year but due to COVID it has shifted twice from its original date and now the final date emerges for ITR filing for the year 2019-20 is decided to 31st December 2020. ITR Filing is mandatory for people who earn the following amount: Despite the section 87A which has reduced the tax liability of the person to zero who earns up…

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