Filing of tax return is to be done before 31 July. Form 16 for pension is available from banks only by jun second week. Due to late receipt of form 16 we are able to file return only after june second week, people planning to go abroad during this time are having problem as you have OTP problem once you leave India. Can the INCOME TAX authorities frame rules to ensure that banks provide the requisite forms by Apr. This will give enough time for the tax payers to file there IT returns and also avoid last minute rush for the IT staff to settle the accounts. more
I agree with the problems mentioned above. Many retired persons go abroad during this period which is summer in Europe and America. It is difficult to have a look at the 26 AS forms also when the person is abroad. All those go abroad are not NRI. Some senior citizens go abroad just for a short period of a few months to visit their children. Income tax department should ensure that it should be easily possible to open and observe 26 AS form, from income tax department web sites from any where in the world. more
This is very correct. All data on Form 26 AS should be complete by 30th April. For last 3-4 year it is getting delayed. Form 26 AS should be accessible from any part of the world to both residents as well as non residents. Any thing required at any level of Govt or IT department should be done. more
Very true. For first three quarters if banks can file TDS returns within 40 days, why IT Dept is allowing them to file it up to 31 St May for 4th quarter. By 10 the May banks should be asked to file TDS Returns so that they can issue form 16A by 20 the May. more
I had filed my income tax return for the assessment year 2021-22 under section 139(1) i.e., filed on or before the due date, and claimed the refund of Rs. 5000 plus. The same was acknowledged by th...
I am a senior citizen and filed my return on the 18th Oct but till date (23rd Dec) I have not recd my refund. I have called their Helpline no also many times. They say they will lodge my complaint ...
For bank fixed deposits in India: 2016: 9.3% interest 2019: 8% interest 2021: 5.5% interest Senior citizens retirement plans must be under water unless they did enough ...
God news. A lot of time has been vested. In the Court, it may be advised that any future such new thing must be tested in all respect and by all stakeholders, before the due date I.e. 31/03 in this...
Always wondered, why does an investor have to fill in income details with the broker? I buy shares if I have money. I do not need to have an income. And PAN number is a must. So why do you add this...
Rates on small savings schemes reduced by 50-90 basis points. PPF in April-June quarter to earn you only 6.4% interest against 7.1% earlier. Senior Citizens Savings Scheme to earn on 6.5% now compa...
I raised this point on earlier occasions also. No relief seen in any budget. I made a suggestion as follows: There are some schemes exclusively for the benefit of Senior Citizens like Se...
Request guidance as to which is the appropriate circle & authority to whom i can complain regarding the below mentioned issue: Lately with many of my relatives and friends staying in Gurga...
Recently our CBDT isued a press release saying it cannot punish compliant and honest tax payer by extending various due dates for the assessee who are dishonest, lazy and non compliant and our secu...
By SUBHASH PARAKH
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