[Download] "FAQs on Income-tax Returns for Assessment Year 2020-21" by Taxmann # eBook PDF Kindle ePub Free

eBook details

Title: FAQs on Income-tax Returns for Assessment Year 2020-21
Author : Taxmann
Release Date : January 09, 2020
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 3574 KB

Description

The Central Board of Direct Taxes (CBDT) has notified 7 Income-tax Return (ITR) Forms. These ITR Forms will be applicable for the Income-tax return to be filed in respect of Assessment Year 2020-21. This publication contains 74 important FAQs to assist the taxpayers and tax professionals to file the accurate return of income.

Some of the key FAQs are as under:

• Classification of ITR forms based on Income and assessee;

• FAQ on how to exercise the option for lower tax regime under section 115BAA and 115BAB;

• FAQ on how to determine the residential status if assessee couldn’t travel due to Covid-19;

• FAQ on exemptions and deductions to be available for the expenses or investments made during the extended period;

• FAQ on TDS Mismatch;

• FAQ on the taxability of income of a deceased assessee;

• FAQ on Aadhaar and PAN linking.