1.3K views | For the assessment year 2020-21, the last date to file your income tax returns without penalty is November 30. Moreover, anyone can refile an ITR if there has been a mistake or omission in the original tax return under Section 139(5) of the Income Tax Act, 1961. In this edition of the Explained series, find out how to e-file your return and the mistakes to avoid. Watch the video for more. | moneycontrol.com | Facebook

Different Types of Property Transfers in India — Explained 👇 When ownership of a property changes hands, it can happen in several legally recognized ways: 1️⃣ Sale Deed: A sale involves transfer of ownership for a consideration (payment). Must be registered under the Registration Act, 1908. 2️⃣ Gift Deed: A voluntary transfer without any monetary exchange. Must be executed on stamp paper and registered. Gifts to non-family members may attract tax under the Income Tax Act, 1961. 3️⃣ Relinquishme

5K views · 29 reactions | Cabinet has approved amendments to the Income Tax Act to allow disaster relief honorarium paid by employers to be treated as non-taxable during formally declared disaster periods. Drafting instructions have also been issued to the Chief Parliamentary Counsel to give effect to the new regime. The announcement was made by Finance Minister Hon. Fayval Williams during yesterday's (Dec. 9) sitting of the House of Representatives. | Jamaica Information Service | Facebook