CA. Khushboo Khaityan

Changes in Income Tax Return
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CA. Khushboo Khaityan

Changes in Income Tax Return Forms for AY 2020-21: Know About major key changes

The Central Board of Direct Taxes has brought some significant changes to the Income Tax Return filing system. Very unlikely to other financial years where the changes in taxation policies used to take place in the month of April. This year we are noticing the updates in return filing process a bit earlier. As the changes suggest, this year’s return filing is not only about informing the Income Tax Department about your earnings and investments. But also about all the major expenses you made throughout the year. Apparently, the detailed disclosure is only to bring more transparency to our country’s

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