Income Tax Dept warns public against cash dealings of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.

Return preparation software are modified to update the 234A interest calculation

CBDT has extended the due date for filing Income Tax Returns for certain category of assesses from July 31, 2019 to August 31, 2019. Accordingly the IT return preparation software are modified to update the 234A interest calculation along with certain other minor corrections and the same is available for download.

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