Filed Income Tax Return? TDS rules to change from THIS month
In order to identify the non-filers of ITR, the tax department has made a list of these people at the start of the financial year 2021-22, which includes previous years 2018-19 and 2019-20. This particular list includes the names of taxpayers who did not file returns of income for both assessment years 2019-20 and 2020-21 and have an aggregate TDS of Rs 50,000 or more in each of these two previous years.
Jul 06, 2021, 11:40 AM IST
Who will have to pay higher TDS from July 1? Tax dept has these conditions for people
From July 1 onwards, a person will be required to pay extra TDS at a higher rate if he/she fails to file their Income Tax Returns for the last two years and has aggregate TDS/TCS credit of Rs. 50,000 or more in each of the two years.
Jun 25, 2021, 10:44 AM IST
