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

  • Press Release|
  • < 1 minute
  • By Taxmann
  • |
  • Last Updated on 28 October, 2020

Recent Posts

News, Blog, GST & Customs

HC Quashed Order Confirming Tax Demand as Disparity Was Due to Wrong Reporting of CGST & SGST Instead of IGST

Blog, News, Income Tax

Sec. 153C Proceedings Can Be Initiated Only if Seized Material is Likely to Have Bearing on Determination of Income

Latest from Taxmann

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.
 

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Comments are closed.

«
»

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied