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Impact of COVID 19 on Income tax return filing and relaxation on tax
ITR filing record of high-net-worth individuals has also declined in the FY 2020-21. Data says the ITR-2 filing has also declined at the rate of 3.5%. Here the point should be mentioned that ITR-2 filing is attached with individuals and HUF (Hindu Undivided Family) whose income is more than 50 lakh.The Income Tax Filing in India has shrunk for the FY 2020-21 time. Let’s check the blog to assess the ITR situation.
02-Sep-2021, 01:05 PM