ITR: If your gross total income does not exceed the basic exemption limit, you won't be liable to pay penalty for late filing.
Money9 Helpline hosted tax expert Gauri Chadha to resolve your queries on how to be ready for all situations related to income tax.
ITR: Investing in gold via sovereign gold bonds will attract a different tax liability compared to purchasing physical gold.
"There is a misconception that if the deadline has been extended, there is nothing to worry about," said Anurag Jain, Partner, ByTheBook Consulting.
For taxpayers' benefit, the Union government recently extended deadlines for several tax-related tasks
To provide relief to the taxpayers, The Central Board of Direct Taxes has provided relaxation in respect of various compliances