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

31st Dec 2021 is the due date to furnish the ITR for FY 2021. The majority of the assessees who were unable to furnish the tax returns within time should need to furnish the penalty to furnish Income tax return for the AY 2020-21 on missing the date of 31st December.  But some assessees are privileged from furnishing the late fee even after the passing of the last date. Towards the same assessee’s the due date to furnish the late tax return for the Financial year 2021 is 31st March 2022 so as to prevent the penalty.  Do You Also Get Privilege of Filing Penalty to Furnish Belated ITR? Within the last date, the income tax department directed the assessee to furnish their income tax returns. But if you lose the last date then you could still furnish the income tax return excluding any late fee. The tax return is enabled to file online and offline by people. An assessee was needed to pay the fine of Rs 10000 till the former assessment year for losing or misses to file the returns by the p

Form ITR-1 is used to furnish the ITR also for FY 2021-22; half of the ITR has been filed through it. Most of the salaried assessee use the same ITR form also known as Sahaj, therefore, taxpayers can easily online file ITR 1 Sahaj form for assessment years 2021-22. ITR-1 would be furnished when: The assessee is a Resident Individual The income does not exceed Rs 50 lakh. Salary, one house property, agricultural income up to Rs 5,000 and additional sources such as interest from a savings account, deposits, income tax refund, family pension are his income sources.  Joining of the income within spouse or minor. You must note that the ITR-1 would be practiced to furnish the ITR even if you own one property mutually with your spouse.  But there are various cases in which an assessee would not use ITR-1 to furnish the tax returns for the FY 2020-21 even while holding the mentioned income sources. When The ITR-1 Cannot Be Used by You  As per the tax compliance, a person would not be able to