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Rather than piling up one must complete these things beforehand to make their filing easier. Income Tax Department is headed by the apex body Central Board of Direct Taxes CBDT.
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Main responsibility of IT Department is to enforce various direct.
. In comparison with AY 2020-21 as of January 10 2021 595 crores were filed with 3105 lakh Income Tax Returns on the last day as against more than 4611 lakh ITRs filed on the last day this year. Income Tax Income Tax Return filing big update. The Income Tax Department also referred to as IT Department or ITD is a government agency undertaking direct tax collection of the Government of IndiaIt functions under the Department of Revenue of the Ministry of Finance.
If you have not paid your ITR then here is a step-by-step guide for filing Income Tax Return online. To correct any discrepancy or omissions the Budget 2022-23 has permitted taxpayers to update their ITRs within two years of filing subject to payment of taxes. Taxpayers can update ITRs only once in an assessment year says CBDT Chairman.
In view of the impact of the Covid-19 pandemic taxpayers are facing inconvenience in meeting certain tax compliances and also in filing responses to various notices. However there are a number of to-do things before filing for the income tax return ITR.
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