Everand Logo

Welcome to Everand!

  • Business Today

    PICKING THE RIGHT ITR

    Oct 15, 2020 5 minutes
    BY NAVEEN KUMAR
    ILLUSTRATION BY RAJ VERMA

    With the deadline for filing income tax returns (ITR) approaching, we a look at the significant changes in the process this year. We tell you how to zero in on the right form for filing your ITR this year, among other things.

    Important Changes

    The deadline for filing ITR for Assessment Year (AY) 2020/21 by individual taxpayers has been extended to November 30, 2020. The last date for filing revised or late ITR for AY 2019/20 has also been extended to November 30. You can now claim new deductions under Section 80EEA for interest paid on loan for affordable housing and under Section 80EEB for interest paid on loan for an electric vehicle according to the Finance (No. 2) Act, 2019.

    In fact, you can now file ITR even without PAN. “The taxpayer can

    You’re reading a preview, subscribe to read more.

    More from Business Today

    Business Today1 min read
    Plane Pain
    ▶ The top three players have rebounded after Covid-19 by growing sales quickly ▶ SpiceJet failed to reach the pre-Covid level of sales even in FY23 *2022-23 IS AKASA’S FIRST FULL YEAR OF OPERATIONS SOURCE DGCA ▶ Leading airlines have been experiencin
    Business Today3 min read
    Road Warrior
    IN THE HEART of Khalid Wani, who is the Senior Director of Sales for the India region at the American storage drive maker, Western Digital, beats the rhythm of a fervent traveller. He’s a man who believes passionately that the most precious memories
    Business Today11 min read
    The Dark Side Of Gold Loans
    THE RBI ASKED the company to immediately stop its gold loan operations, which accounts for a third of its business. The reason: the regulator found some major lapses in how the company handled the loans. When the regulator looked into the company’s f

    Related