Category: IT Deductions

Greetings from Classic Associates ! Tuticorin Need help with your tax returns? We’ll handle it for you and maximize your tax savings. Changed jobs? Sold property? Additional income from business? or filing for the first time? It is simple for everyone. File your tax return in minutes. Ensuring accuracy and providing assistance with post-filing questions and notices. Follow us for more updates www.classicassociate.com | support@classicassociate.com | 93444 17156 Auditing Office at : Tuticorin (HO) | Tirunelveli (BO)|  Coimbatore (BO) | Chennai (BO) #Incometaxindia #Incometax #ITR #efiling #Incometaxfiling #ClassicAssociates #ITRfiling

Greetings from Classic Associates, Tuticorin (Thoothukudi) !!! The due date for filing income tax returns is the date by which the returns can be filed without any late fee or penalty. The taxpayers filing their return beyond such due date will have to pay interest under 234A and penalty under section 234F. It is important for all the taxpayers to remember the due date of filing income tax returns. The due date varies on the basis of taxpayers. For instance, salaried individuals are usually required to file their income tax returns by 31st of July of the assessment year. Income tax filing due dates for the FY 2019-20 (Classic Associates) Category/Type of Taxpayer Due Date for Tax Filing – FY

The COVID-19 pandemic had an extremely adverse effect on the professional work capacity of Chartered Accountants, Tax Advocates, Tax Practitioners, and Article Assistants, etc. While the country is slowly moving towards the unlock process, it is no news that the spread and severity of COVID-19 cases is increasing with each passing day. With the due dates of Tax Audit, Transfer Pricing Audit, Income Tax Return, and various other Audit Reports approaching, various problems are being faced by professionals, some of which are: 1. Infected employees/members/professionals: Numerous employees, members, and professionals have been infected by COVID-19, making it next to impossible for them to work. On an average, a person who gets infected is not able to work for at least

On further consideration of genuine difficulties being faced by taxpayers due to the Covid-19 situation, CBDT further extends the due date for furnishing of belated & revised ITRs for Assessment Yr 2019-20 from 30th September, 2020 to 30th November, 2020.Order u/s 119(2a) issued. Official Notificaton is as follows: F. No. 225/ 150/2020-ITA-11 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, Division New Delhi, the 30th September,2020 Order under Section 119(2)(a) of the Income-tax Act. 1961 The date for furnishing of Income-tax returns under section 139 of the Income-tax Act ,1961 (‘Ace) for the Assessment Year 2019-20 was 31. March, 2020. However, on consideration of difficulties being faced by the taxpayers due to

Greetings from Classic Associates, Tuticorin (Thoothukudi). We have answered few questions related to ITR Filing. My IRS not showing my refund status? If the Check Status screen shows that your tax return is accepted, then you can check your refund status with the IRS on the Where’s My Refund? tool or by calling 1-800-829-1954. tool before that time, your refund information will not show up on the IRS system. Can I claim tax refund for belated return? A belated return can be filed at any time before the end of the relevant assessment year or before completion of assessment, whichever is earlier. If you file a belated return for FY 2019-20 but before December 31, 2021, you will have to