Changes in Income Tax from 1st April 2021 You Must Know

The Prefilled Forms will have information of Capital Gains from Listed Securities, Dividend Income, Interest from Banks/Post Office, etc. It aims to make the filling of the IT returns simple as well as urge more persons to disclose their incomes, and deliver improved transparency in the procedure. The taxpayers are now aware of the extent of data accessible with the income tax department, there is more possibility that they will reveal the correct incomes and not misrepresent in order to save tax.