India News
Income Tax Return: Haven’t filed your ITR yet? Here’s what happens if you fail to file ITR by due date
The deadline for the income tax return or ITR filing for AY 2021-22 will end after December 31, 2021. However, if you still miss filing your ITR before the due date, you will have another chance to file your income tax.
The New Year is about to ring the bell in the next few hours and before you plan anything else for the new year party, firstly make sure that you have your income tax return by the due date, which is December 31, 2021. Filing ITR should be a top priority if you have not filed it yet, make sure that you file your ITR by today midnight.
The deadline for the income tax return or ITR filing for AY 2021-22 will end after December 31, 2021. However, if you still miss filing your ITR before the due date, you will have another chance to file your income tax.
As per ITR experts, the due date of ITR filing is December 31, 2021, while the last date for ITR filing for FY 2021-22 is March 31, 2022. But in case of missing to file the ITR by the due date December 31 2021, a taxpayer will have to pay a flat fine of Rs 5,000, if the taxable income is more than Rs 5 lakh. If taxpayers do not make it to file the ITR by the due date, they will also lose some benefits, such as carry forward of losses, interest on the excess tax paid by the taxpayers.
As per ITR experts, a taxpayer will have to pay a late fine of Rs 5,000, if their taxable amount is more than Rs 5 lakh, while those whose taxable amount is below Rs 5 lakh, will have to pay a late fine of Rs 1,000.
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And for those who do not file their income tax return (ITR) at all, the Income Tax Department will charge a penalty between 50-200 per cent of the assessed tax and there is also a provision of prosecution ie., rigorous imprisonment of up to 7 years.
India News
Delhi’s Rouse Avenue Court issues summons to Lalu Yadav, others in land for job scam case, asks to appear on October 4
Delhi’s Rouse Avenue Court on Friday issued a summon to former Bihar CM and RJD chief Lalu Prasad Yadav in Land for job scam case.
Delhi’s Rouse Avenue Court on Friday issued a summon to former Bihar CM and RJD chief Lalu Prasad Yadav in Land for job scam case. The Avenue Court asked Lalu Yadav to appear on October 4 before the court.
There are other accused including former railway officials were too asked to appear before Delhi’s Rouse Avenue Court.
India News
Women’s Reservation Bill: PM Modi says India at cusp of inclusive future, expresses gratitude to MPs
The Prime Minister remarked that with the passage of the Nari Shakti Vandan Adhiniyam in Parliament, the nation usher in an era of stronger representation and empowerment for the women of India.
In a significant step ahead, Rajya Sabha passed the Women’s Reservation Bill, also named as Nari Shakti Vandan Adhiniyam on Thursday night. A total of 215 MPs voted in favour of the bill with none voting against it. Prime Minister Narendra Modi hailed the passage of the bill and termed it as the defining moment in the nation’s democratic journey. He also extended gratitude to all the Rajya Sabha members who voted for the landmark bill.
The Prime Minister remarked that with the passage of the Nari Shakti Vandan Adhiniyam in Parliament, the nation usher in an era of stronger representation and empowerment for the women of India. He added that this is not merely legislation but a tribute to the countless women who have made the nation. He exclaimed that India has been enriched by their resilience and contributions.
He continued that this historic step is a commitment to ensuring women’s voices are heard even more effectively, mentioning that it reminds of the strength, courage and indomitable spirit of all the women of the nation. PM Modi also congratulated 140 crores India after the historic bill was passed in the Rajya Sabha.
In another X, formerly Twitter post, Prime Minister Narendra Modi expressed that he had the honour of meeting dynamic women MPs who are absolutely thrilled at the passage of Nari Shakti Vandan Adhiniyam. He added that it is gladdening to see the torchbearers of change come together to celebrate the very legislation which they have championed.
Narendra Modi further hailed that with the passage of Nari Shakti Vandan Adhiniyam (Women’s Reservation Bill), India stands at the cusp of a brighter, more inclusive future with Nari Shakti being at the core of the transformation. Evidently, this is the first bill to be passed in the new Parliament building.
The historic bill, Nari Shakti Vandan Adhiniyam seeks to reserve 33% seats for women in Lok Sabha, state legislative assemblies and the Delhi assembly. The bill will not apply to Rajya Sabha or state Legislative Councils.
India News
PM Modi to interact with Team G20 including cleaners, drivers, waiters, host gala dinner today at Bharat Mandapam
The list includes 300 employees from Delhi Police, SPG, Rajghat, CISF, IAF, and 700 employees from MEA, among other departments.
Days after the successful wrap-up of the G20 Leaders Summit in New Delhi, Prime Minister Narendra Modi is going to hold an interactive session with Team G20 at Bharat Mandapam today. A little over 3,000 people will participate in the interaction, which honours the unsung heroes who ensured the success of the recently concluded G20 Summit.
There will be a wide range of people in attendance, including waiters, cleaners, drivers, and other support employees from other Ministries who worked tirelessly behind the scenes to make sure that the summit went off without a hitch.
The list includes 300 employees from Delhi Police, SPG, Rajghat, CISF, IAF, and 700 employees from MEA, among other departments. During the occasion, a group picture will be taken.
Special CPs and other senior Delhi Police officers will also be present, according to a Delhi Police official. Ministers and representatives from several departments will also attend the event.
After the interactive session, a special dinner will be served to honour and commemorate the unsung heroes. On this occasion, PM Modi will also address the assembled people.
More than 40 heads of state and representatives from around the world attended the summit, including US President Joe Biden, British Prime Minister Rishi Sunak attended the event with his wife Akshata Murthy, and Canadian Prime Minister Justin Trudeau were some of the prominent faces who attended the event which was held while India held the G20 presidency.
The ceremony took place at the state-of-the-art Bharat Mandapam at Delhi’s Pragati Maidan, for which the entire city was decked out. At the G20 meeting in Bali on December 1 of last year, India took the G20 presidency, which it will hold through the end of November.
On September 9, the first day of the conference, the G20 leaders endorsed the New Delhi Declaration.
