Latest circular regarding income tax deduction of government employee
Latest circular regarding income tax deduction of government employee 11/11/2020
During the financial year 2020, the employees whose income is taxable are required to submit the details of their income as well as savings and investment in the accompanying form. If found it is asked to send.
There are two types of options, Option B and Option B. Option B involves calculating income tax from the following time without any person or cotton and not all of the following except this time except for exemption or cotton in option B. If no self-assessment statement is received by the sub-date as per the sample, their income has been calculated and they have not made any savings or investments.
Income tax deduction will be deducted from the February 2021 pay bill of the employees.
Income Tax PHYSICAL Year 2020-2021.
Income tax assessment year 2021-2022.
Income Tax Deduction Matter Year 2020-2021 Letter Date - 11-11-2020
INCOME TAX KAPAT BABAT MAHTVAPURN LETTER DATE-11-11-2020.
The savings-investment as shown in the Self Assessment Status will have to be made accurately during the current financial year and if it is done, it will be personal liability.
required to submit the details of their income as well as savings and investment in the accompanying form. If found it is asked to send
There are two types of options, Option B and Option B. Option B involves calculating income tax from the following time without any person or cotton and not all of the following except this time except for exemption or cotton in option B. If no self-assessment statement is received by the sub-date as per the sample, their income has been calculated and they have not made any savings or investments.
There may be a delay in getting Income Tax Refund for assessment year 2020-21 this year. In such a situation, it is important for you that if you have filed your income tax return for the year 2020-21 and have not received the refund yet, then there is no need to panic. Most taxpayers who have filed ITR for this year have not yet received income tax refund. When the taxpayers raised their voice against this, the Income Tax Department said that the software is being upgraded for faster processing of ITR. Income tax refund can be delayed due to this technical upgrade.
In fact, many taxpayers had filed ITR in June-July itself, when they did not get tax refund, they raised voice on Twitter for refund. After this, the Income Tax Department said in a tweet that for providing good services to the taxpayer and for faster processing of ITR, they are moving to the new technologically upgraded platform (CPC 2.0).
No timeline information
The department said that the income tax return of assessment year 2020-21 will be processed through CPC 2.0. Due to this the refund is delayed. However, the Income Tax Department has not given any timeline for starting the process of income tax return for migration and assessment year 2020-21 on the new CPC 2.0 platform. Currently, all types of income tax returns are processed from the Centralized Processing Center in Bangalore. With the introduction of the CPC 2.0 platform, taxpayers will get many facilities and ITR processing will be much faster.
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