In the view of the second wave of the novel coronavirus pandemic in the country, the Union government has recently announced various income tax reliefs for the common man. From more time to file Tax Deducted At Source (TDS) to income tax relief for Covid-19 treatment, a host of measures have been provided. Take a look at latest income tax related updates:
1) Now taxpayers will have time till July 15 to file the TDS return for the last quarter of financial year 2020-21.
2) The last date of issuance of Form 16 has been extended till July 31, according to the recent guidelines by the income tax department. Earlier the deadline for Form 16 was July 15.
3) The last date for linking PAN and Aadhaar has been extended to September 30. If you fail to link the two documents within the deadline, you PAN will be inoperative.
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