So now rich people in India will be taxed more to deal with the corona epidemic?

Income Tax Return

American economist and Nobel Laureate Joseph Stiglitz said that the money should be spent in high impact areas rather than low impact areas and increase taxes if you do not have the resources because your (India) There are many billionaires here. US economist and Nobel Laureate Joseph Stiglitz said on Monday that if the Indian government failed to raise the necessary funds to combat the Covid-19 pandemic (Coronavirus Pandemic), it would be richest. People should raise resources by taxing them. He said that the Government of India should not step…

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Big discount to Filing income tax return payers, CBDT extends the deadline till November 30

File Income Tax

Returns for any financial year are filed in the assessment year. Like assessment year FY2019-20 for FY2018-19. Income tax returns are big news for those filing. CBDT has extended the date of filing of return for the assessment year 2019-20. In a statement issued by CBDT, it is said that in view of the difficult situation of Covid-19, taxpayers are being given further relief. The last date for filing the ITR for the assessment year 2019-20 has been increased from 30 September to 30 November. Even before this, the CBDT…

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Government extends the deadline further to file ITR of FY 2018-19

ITR

For FY 2018-19, the Income Tax Department has extended the deadline to file belated/revised income tax returns (ITR) from 30 September 2020 to 30th of November, 2020. This announcement was made public by the official twitter handle of the Income Tax Department of India. Income Tax Department has stated that the decision was taken due to the current pandemic situation and the genuine difficulties faced by the taxpayers. Further, the CBDT will extend the deadline for drafting of belated & revised ITRs for the assessment year 2019-20 to 30th November, 2020 from 30th…

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