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Income tax return: Relief by Tax Dept ahead of ITR filing due date

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Income tax return: Relief by Tax Dept ahead of ITR filing due date

The income tax department said that the Central Direct Taxation Commission (CBDT) has relaxed the verification of the electronic income tax return (ITR) for the 2020-21 assessment year (AY) at one time.

Taxpayers must remember that the last date to provide ITR for 2021-22 is December 31, 2021.

“CBDT provides a one-time relaxation for the verification of electronically submitted ITRs in 2020-21, which are waiting for verification because they have not submitted ITR-V forms or are waiting for electronic verification,” Indian income tax wrote on Twitter.

The decision was made after a large number of ITRs submitted electronically in the 2020-21 fiscal year are still awaiting processing by the income tax department, because they need to receive a valid ITR-V form from CPC, Bengaluru or CPC in a statement Zhong said that the relevant taxpayers.

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CBDT will relax the submission of ITR-V/electronic verification at one time to resolve taxpayers’ complaints related to unverified ITRs in the 2020-21 fiscal year and regulate such ITRs. Digital signature, taxpayers need to verify the income tax return within 120 days from the date of uploading it.

Taxpayers can complete the verification process through Aadhaar OTP, log in to the electronic filing account through online banking, and mail the officially signed ITR-V entity copy to the centralized processing center of the income tax department in Bangalore.

Complete News Source : INDIATODAY

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Lifestyle

10 best activities hacks for the better lifestyle for Business Managers.

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10 best activities hacks for the better lifestyle for Business Managers.

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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