Business
IT department sends reminder as deadline to verify tax returns approaches
Statements that are not verified in a timely manner are considered “unsubmitted” and will therefore bear all consequences applicable to non-submitted statements. However, if absolutely necessary, taxpayers can ask the IT department to allow a delay in reviewing the return. Such declarations can be submitted and will only be considered “valid” once the application has been approved by the tax authorities.
Typically, ITRs are certified within four months of submission. However, in December last year, the IT department gave taxpayers until February 2022 to review their AY21 returns.
With the deadline to review the Income Tax Return (ITR) for the 2020-21 tax year looming, the Income Tax Office has urged taxpayers to review their tax returns. If this is not confirmed, the ITR file will be considered “incomplete”, the IT department warned.
“Don’t miss your last chance to confirm the 2020-21 ITR. If not verified, the ITR submission is incomplete. The last review date for 2020-21 is 28 February 2022. Visit incometax.gov.in, “It said on Twitter on Sunday.
Validation of tax returns is required, which can be done electronically or by submitting a physical copy of the online return, as this is a way of substantiating the information stated in it – a requirement for legal purposes.
Statements that are not verified in a timely manner are considered “unsubmitted” and will therefore bear all consequences applicable to non-submitted statements. However, if absolutely necessary, taxpayers can ask the IT department to allow a delay in reviewing the return. Such declarations can be submitted and will only be considered “valid” once the application has been approved by the tax authorities.
Typically, ITRs are certified within four months of submission. However, in December last year, the IT department gave taxpayers until February 2022 to review their AY21 returns.
Complete News Source : HINDUSTAN TIMES
Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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