ITR Filing 2019: 5 incomes you must not miss to report in your Income Tax Return for AY 2019-20 – Financial Express

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  • Last Updated on 28 October, 2020
August 20, 2019
 
By Dipan Mittal and Rahul Singh, DGM, Taxmann
 
Income Tax Return 2019: The last date for filing of income tax return (ITR) for the Assessment Year 2019-20 has been extended to August 31, 2019. It is a welcome relief for a large number of taxpayers, especially salaried class employees who got their Form 16 in the second week of July 2019. The ITR forms notified for the Assessment Year 2019-20 seek additional disclosures in respect of all those incomes which are often subject to tax disputes or which are prone to tax avoidance. Further, the Central Board of Direct Taxes (CBDT) has also made changes in Form 16 (TDS Certificate for Salary Income) and Form 24Q (TDS return in respect of salary) to sync them with the new ITR forms. Thus, CBDT has intensively increased the scope of disclosure under new tax return forms to unravel the instances of underreporting or misreporting of income.
 

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