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Don't forget mandatory disclosures while filing your income-tax returns

August, 02nd 2021
Albert Einstein once said, "The hardest thing in the world to understand is the income tax." Thankfully, with the help of technology, the task of filing one's income tax return (ITR) has now become easier. Note that the new due date for filing the returns is September 30, 2021. The return pertains to financial year 2020-21 and assessment year 2021-22. And tax filers should remember that while technology has made things easier, many will still end up making mistakes such as not providing full disclosures. Kapil Rana, founder and chairman HostBooks Limited says, "Certain ...