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Do you know, filing of Income Tax return for senior citizen is not compulsory if TDS is deducted u/s 194P.
Let's understand more about section 194P [ A 🧵]
#incometax #IncomeTaxReturns #ITRfiling #seniorcitizens @PratibhaGoyal @TaxationUpdates @AbhasHalakhandi #incometaxportal
Let's understand more about section 194P [ A 🧵]
#incometax #IncomeTaxReturns #ITRfiling #seniorcitizens @PratibhaGoyal @TaxationUpdates @AbhasHalakhandi #incometaxportal
Finance Act, 2021 inserted a new Section 194P to provide relief to a senior citizen who is 75 years or more from the burden of filing of return of income.
It provides that if TDS has been deducted u/s 194P, then such senior citizen shall be exempted from filing Income Tax Return
It provides that if TDS has been deducted u/s 194P, then such senior citizen shall be exempted from filing Income Tax Return
Section 194P provides conditional relief to the senior citizen from filing the Income-tax return.
It is applicable only if the below mentioned conditions are satisfied.
It is applicable only if the below mentioned conditions are satisfied.
Update 1
Now Individual Tax Payer Can Login with Aadhar Number on Income Tax Portal
#NewPortal
#Incometax
Now Individual Tax Payer Can Login with Aadhar Number on Income Tax Portal
#NewPortal
#Incometax
Update 2
Website can be accessed in dark mode also
#NewPortal
#Incometax
chat.whatsapp.com/CLsJwvJbnDz21k…
Website can be accessed in dark mode also
#NewPortal
#Incometax
chat.whatsapp.com/CLsJwvJbnDz21k…
Update 3
ITR Details like Assessment Year/Filing Type/Acknowledgment No/Filing Date/Filing Section
can be downloaded in excel sheet
#NewPortal
#Incometax
chat.whatsapp.com/CLsJwvJbnDz21k…
ITR Details like Assessment Year/Filing Type/Acknowledgment No/Filing Date/Filing Section
can be downloaded in excel sheet
#NewPortal
#Incometax
chat.whatsapp.com/CLsJwvJbnDz21k…
