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Interest calculation for taxpayers above 5 crores
I have not filed June 3b so interest for me will be 18% for the number of days after July 20 . Is this calculation correct? or due to corona pandemic any other manner of interest calculation is notified?
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Quick Summary
Dear Sir, My son is salaried( below 50b lacs) and he pays tax. He had invested in Stock market and He is an investor. for 2019 -20, his LTCG is Rs 8000 and his STCG is nil. He doesn't have any other income or capital gains. Which ITR FORM should be used for filing return Please advice. Regards, Sekar.
Late fees waived till to prescribe date otherwise late fees calculated effected date but intt calculate from 20july due date
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