Are you self employed, have investment income or rent out a property?
If so, you have until 31st January 2021 to file your tax return and pay your tax liabilities on any income received between 6th April 2019 and 5th April 2020.
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In the event that an individual gives wrong data or submits botches un purposely while documenting his/her personal government form, at that point it might prompt entanglements later on and he/she needs to give explanation to the Income Tax Department alongside the privilege and remedied subtleties.
An individual needs to record his personal assessment forms every year as indicated by the law and it doesn't make a difference whether the concerned people are gaining their yearly pay through a month to month ordinary pay or capital or some other sources.
These days because of the digitalization on an ascent in India, the annual government forms can be recorded online as well.
No compelling reason to go into the Income Tax's office to record your annual government form yet you can likewise document it effectively by filling in an online application.
Peruse our rundown of the most well-known five missteps made while recording Income Tax returns and attempt to evade them while documenting yours.
Mistaken number of salary sourcesThis is additionally a mix-up that Income Tax filers will in general make while recording Income Tax Returns.