ITR Filing Alert! Avoid THESE 6 mistakes or pay a hefty fine
Zee News
If their only source of income is pension and interest on deposits, super senior people (those over 75 years old) do not required to file an ITR.
New Delhi: All persons with an annual income of more than Rs 2.5 and a life expectancy of less than 60 years must file an Income Tax Return (ITR). Senior adults with an annual income of less than Rs 3 lakh are excluded from filing an income tax return, according to the government.
If their only source of income is pension and interest on deposits, super senior people (those over 75 years old) do not required to file an ITR. Meanwhile, the ITR filing deadline has been extended by the Central Government once more.
Tax returns can now be filed until March 15th. The deadline for filing income tax returns for the assessment year 2021-22 has been extended to March 15, 2022, according to the Central Board of Direct Taxes (CBDT). Previously, ITRs could be filed until December 31. If you haven't submitted your ITR yet, do so as soon as possible.
