Income Tax Return ITR Filing: Direct Link, Latest Income Tax Exemptions

Finance

 

New Delhi: Income Tax Return or ITR filing is a crucial task for taxpayers. Income tax Return filing is a very easy process. ITR filing can be via both off line and online. I-T Department has a dedicated portal for income tax return e filing. Meanwhile, the Union Ministry of Finance in June announced income tax exemption and extension in timelines of compliances.

Income Tax Return ITR E-Filing Direct Link

  1. There is a direct link for the e-filing of Income Tax Return. It is the official portal of Income Tax India.
  2. You need to visit – www.incometaxindiaefiling.gov.in to file income tax return.
  3. Taxpayers can file ITR, verify income tax return, link Aadhaar with PAN, know Aadhaar-PAN link status, e-pay tax, track status of e-filed Income Tax Return status, know tax deductors across India etc.

Income Tax Exemption List

  • The Ministry of Finance has announced Income Tax Concession for payment towards the Covid treatment or death.
  • The Ministry of Finance has provided income-tax exemption to the amount received by a taxpayer from employer or from any person for medical treatment of Covid-19 during Financial Year of 2019-20 and subsequent years.
  • The central government has also provided income-tax exemption to ex-gratia payment received by family members from the employer of the deceased or from other person on the death due to Covid-19 during FY 2019-20 and subsequent years.
  • It must be noted that ex gratia payment from any other person is to be restricted to Rs 10 lakh.

 

 

 

 

 

Source:ndtv

Tagged

Leave a Reply

Your email address will not be published. Required fields are marked *