ITR Filing Rules: Many times due to non-availability of necessary documents, or due to non-updation, people’s income tax return remains stuck in half and people may forget to file their return. The Income Tax Department is taking special steps for such people.
There is important news for those who pay income tax. Now you are going to get a big advantage. If you also fill your income tax return regularly, and for some reason have not been able to complete your filing, then now information is being given by the department in this regard. The department is sending information to such people telling where their filing is stuck and how much has been filled.
Income tax department is giving big facility
Many times, due to non-availability of necessary documents, or due to non-update, people’s income tax return remains stuck in half and people may forget to file their return. Many times such cases also come to the fore that after the due date is over, people lazily do not file ITR returns. In such a situation, the Income Tax Department is now alerting these people by sending messages.
It is necessary to fill ITR
Significantly, it is mandatory to fill ITR only for those who come under the purview of income tax. Under this, those whose annual income exceeds Rs 2.5 lakh must file income tax returns. It is necessary to file ITR. Under the Income Tax Act, the exemption limit has been fixed at Rs 3 lakh for senior citizens and Rs 5 lakh for very senior citizens, that is, it becomes mandatory for you to pay tax if you have income above this. Even if your TDS is being deducted somewhere, you still need to pay income tax. It is also necessary to verify ITR after ITR filing.
Verify online
If you have not verified the ITR, then there is no point in filing your return, that is, your return will be treated as cancelled. You can use Aadhaar OTP or EVC generated through bank account, net banking or demat account to verify ITR. Apart from this, you can also verify it using Digital Signature Certificate (DSC).
