SAG Infotech: Need Tax Software (Call 0141-4072000)

Due to pandemic November 30, 2020, is the last date for filing the ITR for FY 2019-20 (AY2020-21) which is extended by the Central Board of Direct Tax (CBDT). From the laws of Income-tax, various forms are available for the taxpayers of various kinds for filing the income tax return forms for the financial year 2019-20 in the name of ITR1, ITR2, ITR3,  ITR 4, ITR 5, ITR 6 and ITR 7. The method of filing the IT return is called e-filing. For filing the income tax, the IT department has introduced the unconventional portal.  Step 1: Proceed into income-tax e-filing portal -- incometaxindiaefiling.gov.in Step 2: Download appropriate ITR utility under Downloads > IT Return Preparation Software. Step 3: Extract the downloaded utility ZIP file and open the utility from the extracted folder. Step 4: Choose the appropriate and necessary fields of the ITR form. Step 5: Verify all the tabs of the ITR form and calculate tax. Step 6: Generate and save the XML. Step 7: Now, login to the

  The Central Board of Direct Taxes (CBDT) has recently introduced some new changes in form 26AS . The move is said to bring more transparency between the assessments and the department. Form 26AS or the Annual Information Statement is a form showing all the high paying transactions. Now, the department will also get the information about the high-paying transactions from the financial institutions, apart from that filled by the assessee. New Form 26AS Form 26AS is a type of consolidated annual tax statement which includes information about tax deducted/collected at source, advance tax, self-assessment which is can be found with the income tax department against the PAN number of the assessee. During the declaration of Budget 2021, the government had introduced some changes to the form making it even more transparent. The new form will be applicable from 1st June 2020. Now the form will reflect the information about the high-paying transactions which were previously listed under State