Mysuru/Mysore: With the insertion of new Section 234F under Income-Tax Act, 1961 it is levied a fee for delay in filing the Income-Tax (I-T) return for the Assessment year 2019-20 (Financial Year 2018-19). Any person who is earning Salary, Pension or any other income, who have not filed their I-T return for the Financial Year…
Faceless assessment of I-T returns from Vijayadashami Day, says FM
August 23, 2019Mysuru: Union Government will introduce a new system for scrutinising the Income Tax Return on Oct. 8, the Vijayadashami Day, Union Minister for Finance Nirmala Sitharaman said last evening. Speaking to reporters at Government Guest House after holding a detailed meeting with tax officials, she said the implementation of the “faceless assessment”, announced in the…
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